Egypt’s net foreign exchange reserves increased to $53.134 billion at the end of May 2026, up from approximately $53.01 billion in April, according to data released on Sunday by the Egyptian central bank.
The country’s foreign reserves consist of:
- A basket of major currencies, including the U.S. dollar, euro, British pound, Japanese yen, and Chinese yuan.
- Gold holdings.
- Securities.
- Special Drawing Rights (SDRs) allocated by the International Monetary Fund.
The increase comes amid improvements in several key sources of foreign currency earnings, notably remittances from Egyptians working abroad, tourism revenues, income from the Suez Canal, and foreign direct investment.
Remittances from Egyptians abroad rose by 32% during the first nine months of the 2025–2026 fiscal year, reaching about $34.9 billion, compared with roughly $26.4 billion during the same period of the previous fiscal year, according to earlier data from the central bank.
The growth in remittances highlights the strengthening of one of Egypt’s most important sources of foreign exchange, as the country seeks to boost dollar liquidity and ease pressures on its balance of payments and foreign exchange market.
