Close Menu

    Subscribe to Updates

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

    What's Hot

    MEAPMP Launches: Revamped Independent Ad-Tech & Premium Media Buying Across MEA

    November 3, 2026

    Abu Dhabi signs four OpenAI deals as Sheikh Khaled meets Altman

    November 3, 2026

    Indonesia posts $10.6 billion trade surplus on non-oil exports

    November 3, 2026
    Facebook X (Twitter) Instagram
    • Home
    • Contact Us
    Arab Sentinel: Watching the stories shaping Arabia.Arab Sentinel: Watching the stories shaping Arabia.
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Arab Sentinel: Watching the stories shaping Arabia.Arab Sentinel: Watching the stories shaping Arabia.
    Home » Egypt’s Foreign Reserves Hit a New Peak of $57.2 Billion in August
    Business

    Egypt’s Foreign Reserves Hit a New Peak of $57.2 Billion in August

    September 8, 2026
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    CAIRO, EGYPT / RankWire.AI / – Egypt’s net international reserves climbed to an all-time high of $57.2145 billion at the close of August 2026. The Central Bank of Egypt announced the preliminary figure on September 7. At the end of July, reserves stood at $56.2939 billion, indicating an increase of approximately $920.6 million during August, or around 1.6%. This latest figure continues a pattern of monthly growth in 2026 and marks Egypt’s official foreign reserves crossing the $57 billion threshold for the first time.

    Egypt reserves set new record at $57.2 billion in August
    Egypt’s net international reserves reached a record $57.2 billion in August 2026.

    Compared to August 2025, the total reserves in August 2026 surged by $7.9638 billion from $49.2507 billion, representing an annual increase of roughly 16.2%. Egypt concluded 2025 with net international reserves of $51.4516 billion. Since then, reserves have grown by about $5.76 billion, or 11.2%, over the first eight months of 2026. Monthly official data reveal a steady rise in reserves every month since January, with positive gains extending into August.

    The pace of reserve accumulation accelerated in the middle of this year. Net international reserves hit $53.1342 billion in May, then increased to $55.0723 billion in June. The upward trend continued with reserves reaching $56.2939 billion in July and $57.2145 billion in August. The June increase was approximately $1.94 billion from May, July added about $1.22 billion, and August saw an infusion of roughly $920.6 million. Collectively, these three months contributed over $4 billion to Egypt’s foreign reserve stockpile.

    Foreign currency inflows maintain high levels

    Remittances from Egyptians abroad also hit a record during the 2025/2026 fiscal year, with the Central Bank of Egypt reporting inflows of approximately $47.3 billion. This figure represents a 29.6% increase from about $36.5 billion in the previous fiscal year. In June, remittances amounted to roughly $4.2 billion, which is 15.6% higher than the approximately $3.6 billion recorded in June 2025, according to official August data.

    Egypt’s latest available balance of payments data covers July through March of fiscal year 2025/2026. The overall balance showed a deficit of $1.8 billion over these nine months, while the capital and financial account recorded net inflows of $9.9 billion during the same period. The current account faced a deficit of $14.6 billion. These figures offer the most recent official snapshot of Egypt’s external accounts prior to the August update on international reserves.

    Reserves continue to set monthly records

    Throughout 2026, the reserve levels have repeatedly reached new nominal highs. Starting at $52.5938 billion in January, reserves climbed to $52.7455 billion in February, then to $52.8306 billion in March. They further increased to $53.0092 billion in April and hit $53.1342 billion in May. Reserves surpassed $55 billion in June, $56 billion in July, and crossed the $57 billion mark in August. The August figure remains provisional, consistent with the designation used for the latest monthly reserve releases.

    Compared to the same month last year, Egypt’s August reserves are nearly $8 billion higher. The nation has now recorded three consecutive month-end totals exceeding $55 billion. July marked the first time reserves topped $56 billion, and August saw the first figure above $57 billion. Since December 2025, the reserve stock has expanded by over 10%. These figures confirm a new record for Egypt’s net international reserves and continue the trend of uninterrupted monthly increases seen throughout 2026.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Indonesia posts $10.6 billion trade surplus on non-oil exports

    November 3, 2026

    Africa’s top banks build war chest for Kenya takeover deals

    November 3, 2026

    South Korea’s exports hit record $115.3 billion on chip boom

    November 2, 2026
    Editors Picks

    MEAPMP Launches: Revamped Independent Ad-Tech & Premium Media Buying Across MEA

    November 3, 2026

    Abu Dhabi signs four OpenAI deals as Sheikh Khaled meets Altman

    November 3, 2026

    Indonesia posts $10.6 billion trade surplus on non-oil exports

    November 3, 2026

    UAE President and Bavaria’s Söder discuss expanding cooperation

    November 3, 2026

    Africa’s top banks build war chest for Kenya takeover deals

    November 3, 2026

    Apple iPhone Duo review: an engineering triumph for foldables

    November 2, 2026

    Bangladesh dengue deaths reach 418 after deadliest month of 2026

    November 2, 2026

    DR Congo Ebola death toll climbs to 5,340 as cases reach 10,351

    November 2, 2026
    © 2026 Arab Sentinel | All Rights Reserved
    • Home
    • Contact Us

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