Egypt’s net international reserves rose by $920 million to reach $57.214 billion in August 2026, up from $56.294 billion in July, according to the Central Bank of Egypt (CBE).
The growth was driven by a $1.919 billion increase in the value of gold included in the reserves, which reached $19.058 billion in August compared to $17.139 billion in July, the CBE stated. The balance of Special Drawing Rights (SDRs) also rose by $160 million to $606 million.
This increase in gold and SDRs offset a decline in the value of foreign currencies within the reserves, which fell by $1.158 billion to $37.553 billion in August, down from $38.711 billion in July.
Following the release of the figures, Prime Minister Mostafa Madbouly met with CBE Governor Hassan Abdalla to review economic indicators and discuss priority files. The talks focused on the position of foreign exchange reserves in securing strategic needs and the state of the global economy amid current challenges.
Madbouly emphasised that the meeting reflects continuous coordination between the government and the central bank to integrate economic, financial, monetary, and sectoral policies in line with the state’s vision and the government’s programme priorities.
The two officials addressed ongoing efforts to boost the strategic stockpile of basic commodities, reduce inflation rates, and increase dollar inflows to ensure the necessary components for industrial growth and priority sectors.
Egypt’s foreign reserves consist of a basket of major currencies, including the US dollar, euro, pound sterling, Japanese yen, and Chinese yuan, adjusted according to exchange rates and market stability. The CBE utilises these holdings primarily to fund essential imports, meet external debt instalments and interest payments, and address economic crises when foreign-currency-generating sectors are disrupted.
