Egypt’s foreign currency reserve up to US$ 57.214 billion in August

The Central Bank of Egypt revealed that international reserves reached US$ 57.214 billion by the end of August 2026, up from $56.293 billion in July of the same year. During August 2026, foreign currency reserves rose by $921 million, marking a monthly growth rate of 1.63 percent. This increase reached a total of $57.214 billion.

Banking expert Tarek Metwally attributed the growth to the improved foreign currency liquidity indicators and Egypt's capacity to meet its foreign currency requirements. Metwally noted that this increase in reserves is a positive sign for exchange market stability and foreign currency sources, driven by remittances from Egyptians working abroad, rising tourism revenues, foreign direct investment, increased exports, and government efforts to bolster dollar reserves.

This level of reserves strengthens the Central Bank's capacity to handle any foreign currency pressures or emergency needs, fostering confidence in Egypt's ability to fulfill its external obligations and meet payment deadlines.