Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026

    Germany’s EV boom lifts global sales to record 11 million

    October 30, 2026
    Facebook X (Twitter) Instagram
    Trending
    • India’s extreme poverty falls to 2.6% under Modi’s growth push
    • Kenya targets 150,000 tonnes of coffee with new varieties
    • Germany’s EV boom lifts global sales to record 11 million
    • Apple brings Touch and PROLED XDR display to MacBook Pro
    • Integrated Identity Enters Global Top 0.1% with Rare 100/100 Google PageSpeed
    • Cyclone Arnab kills three as India evacuates thousands
    • Brent tops $115 as US-Iran strike reports lift oil
    • UAE leaders honour flydubai crew for courage in air incident
    Oman DigestOman Digest
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • More
      • News
      • Sports
      • Technology
      • Travel
    Oman DigestOman Digest
    Home » Egypt foreign reserves rise to record $57.2 billion
    Business

    Egypt foreign reserves rise to record $57.2 billion

    September 8, 2026
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email

    CAIRO, EGYPT / RankWire.AI / – Egypt’s net international reserves reached a record $57.2145 billion at the end of August 2026. The Central Bank of Egypt reported the provisional figure on September 7. Reserves had stood at $56.2939 billion at the end of July. The monthly increase came to about $920.6 million, or 1.6%. The latest total marks the first time Egypt’s official reserve holdings have moved above $57 billion.

    Egypt foreign reserves rise to record $57.2 billion
    Egypt’s foreign reserve stock rose for an eighth straight month in August 2026.

    The August reading also extended a steady rise recorded throughout 2026. Egypt started the year with reserves of $52.5938 billion in January. The total increased to $52.7455 billion in February and $52.8306 billion in March. It then reached $53.0092 billion in April and $53.1342 billion in May. By August, reserves had risen about $4.62 billion from January and roughly $5.76 billion from the end of December 2025.

    Growth accelerated during the middle of the year. Reserves rose from $53.1342 billion in May to $55.0723 billion in June. They advanced again to $56.2939 billion in July before reaching the August record. Those three monthly gains added more than $4 billion to the reserve total. Compared with August 2025, the latest figure was about $7.96 billion higher. That equals annual growth of roughly 16.2%.

    Remittances add to foreign currency inflows

    Remittances from Egyptians working abroad also reached a record during the 2025/2026 fiscal year. The Central Bank of Egypt said those inflows totaled about $47.3 billion. That compared with roughly $36.5 billion in the previous fiscal year, an increase of 29.6%. June remittances alone reached about $4.2 billion. The monthly figure was 15.6% higher than the approximately $3.6 billion recorded in June 2025.

    Egypt’s latest balance of payments data cover the first nine months of fiscal year 2025/2026. The overall balance recorded a deficit of $1.8 billion during the July to March period. The capital and financial account posted net inflows of $9.9 billion. The current account registered a deficit of $14.6 billion. These figures provide the latest official picture of Egypt’s external accounts before the August reserve update.

    Monthly reserve records continue in 2026

    The reserve series has reached successive nominal highs during the year. Holdings crossed $55 billion in June and then moved above $56 billion in July. August brought the first reading above $57 billion. Egypt has now posted three consecutive month-end reserve totals above $55 billion. The August level also stands more than one-tenth above the $51.4516 billion recorded at the end of December 2025.

    The latest data place Egypt’s net international reserves at their highest reported level on record. They also extend an uninterrupted monthly increase since the start of 2026. From January through August, every monthly reading exceeded the previous month’s total. The August figure remains provisional under the central bank’s reporting format. Even so, the published data show a clear rise in Egypt’s reserve stock across the first eight months of the year.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

    Related Posts

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026

    Germany’s EV boom lifts global sales to record 11 million

    October 30, 2026

    Brent tops $115 as US-Iran strike reports lift oil

    October 29, 2026
    Latest News
    News

    India’s extreme poverty falls to 2.6% under Modi’s growth push

    October 31, 2026

    – India’s extreme poverty rate plunged from 27.1% to 2.6% between 2011 and 2023, lifting an estimated 496 million people out of poverty, the World Bank said in its October 2026 Poverty and Equity Brief. The Bank called it “one

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026

    Germany’s EV boom lifts global sales to record 11 million

    October 30, 2026

    Apple brings Touch and PROLED XDR display to MacBook Pro

    October 29, 2026

    Integrated Identity Enters Global Top 0.1% with Rare 100/100 Google PageSpeed

    October 29, 2026

    Cyclone Arnab kills three as India evacuates thousands

    October 29, 2026

    Brent tops $115 as US-Iran strike reports lift oil

    October 29, 2026

    UAE leaders honour flydubai crew for courage in air incident

    October 28, 2026
    © 2022 Oman Digest | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.