Egypt‘s Foreign Reserves Rise too $49.251 Billion in August
cairo – The Central Bank of Egypt (CBE) announced on Sunday a $215 million increase in the nation’s net foreign reserves for August, bringing the total to $49.251 billion. This represents an increase from the $49.036 billion recorded in July.
According to the CBE,this continued growth in foreign exchange balances is driven by several key factors,including increased revenue from tourism,remittances from Egyptians working abroad,Suez Canal receipts,and both direct and indirect foreign investment.
Notably, remittances from Egyptians abroad experienced a historic surge, increasing by 82.7% year-on-year between July and March of the fiscal year 2024/2025. These inflows reached approximately $26.4 billion, compared to $14.4 billion during the same period in the previous fiscal year – a jump the CBE has characterized as “unprecedented.”
Egypt’s non-oil exports also demonstrated strong performance, rising by 19.1% during the first seven months of 2025 to $29.1 billion,up from $24.4 billion during the corresponding period in 2024.
The CBE confirms that Egypt’s international reserves are held in a diversified basket of major global currencies, including the US dollar, euro, pound sterling, Japanese yen, and Chinese yuan.
