By Ukumbi Afrika Wednesday, 5th August 2026
Cairo – Egypt's net foreign reserves increased to $56.294 billion in July 2026, up from $55.072 billion recorded in June, according to data released by the country's central bank on Wednesday.
The latest figures indicate a monthly increase of approximately $1.22 billion, reflecting continued growth in Egypt's foreign currency holdings. Foreign reserves are a key indicator of a country's ability to meet external debt obligations, stabilize its currency, and finance imports.
The Central Bank of Egypt did not provide additional details on the factors driving the increase in reserves.
Source: Reuters
Writing: Tala Ramadan
Editing: Andrew Heavens