Egypt's Foreign Currency Reserves Hit Record High
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Insights by Echo AI
Egypt's net international reserves reached an all-time high of $57.35 billion by the end of September 2026, driven by increased foreign currency inflows. The banking sector's net foreign assets also hit a record high of $31.2 billion. This improvement comes despite a widening current account deficit due to a rise in the merchandise trade deficit and investment income deficit. Remittances from Egyptians abroad, tourism revenues, and Suez Canal receipts helped limit the deficit.
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Egypt’s foreign currency reserves rise to US$ 57.35 billion The Centra...
Egypt’s foreign exchange reserves hit record $57.35 billion as tourism...
Egypt recorded an overall balance of payments surplus of $2.8bn in the...
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