Egypt’s net foreign reserves surged to an all time high of $48.526 billion at the end of May 2025, up from $48.140 billion in April, according to data released by the Central Bank of Egypt (CBE) on Wednesday, June 4.
This marks the second consecutive month of record-setting reserves, reflecting a steady upward trend driven by increased foreign inflows and strategic economic reforms.
Analysts attribute the sustained growth to several factors, including a significant rise in gold holdings, which added nearly $3 billion to the reserves in early 2025. Additionally, the approval of the fourth review of Egypt’s $8 billion economic reform program by the International Monetary Fund (IMF) in March 2025 led to a $1.2 billion disbursement and an additional $1.3 billion under the IMF’s resilience and sustainability facility.
The CBE’s data indicates that the reserves comprise a diverse basket of major global currencies, including the US dollar, euro, British pound, Japanese yen, and Chinese yuan. This diversification strategy aims to ensure economic resilience and currency stability.
The record-high reserves bolster Egypt’s ability to meet external obligations, provide strategic goods, and navigate economic fluctuations, particularly in sectors like tourism, exports, and remittances from Egyptians abroad.
This development underscores Egypt’s commitment to strengthening its economic position and enhancing investor confidence amid global financial challenges.
