Egypt’s net foreign reserves exceed $55 billion for first time in June

CAIRO, (UrduPoint / Pakistan Point News / WAM - 16th Jul, 2026) Egypt’s net foreign reserves rose to a historic high at the end of June, exceeding $55 billion for the first time.

Egyptian Prime Minister Dr. Mostafa Madbouly announced the milestone—citing the Central Bank data—during the government’s weekly press conference held today.

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Madbouly stated that foreign Currency reserves saw a notable increase of approximately $2 billion in a single month, reflecting continued improvement in Egyptian economic indicators and underscoring the state's ability to bolster its foreign reserves and support financial stability.