Egypt’s foreign currency reserves rise to US$ 57.35 billion
The Central Bank of Egypt’s net foreign currency reserves reached approximately US$ 57.35 billion by the end of September 2026—an all-time high—reflecting improved foreign currency indicators and a strengthened Egyptian economy capable of withstanding external pressures. Foreign currency reserves continue to hit record levels, bolstered by increased foreign currency inflows into the Egyptian…
Egypt's Central Bank reports that its net foreign currency reserves have soared to an all-time high of US$ 57.35 billion by the end of September 2026. This impressive figure signals a robust Egyptian economy able to weather external pressures. The strengthened reserves are a direct result of increased foreign currency inflows into the country, with the banking sector's net foreign assets reaching an unprecedented $ 31.2 billion by the end of August 2026 - the highest level since 2011.
These encouraging indicators of economic stability and growth are noteworthy, especially considering the ongoing global economic challenges. The Central Bank's data underscores Egypt's resilience and ability to manage external economic fluctuations. This positive economic development was initially reported on Egypt Independent.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
