The Central Bank of Egypt (CBE) announced that its net foreign assets (NFA) rose to $10.491bn (EGP 511.211bn) in July 2025, up from $10.1bn (EGP 499.628bn) in June.
Net foreign assets at the CBE are widely viewed as a key indicator of banking sector stability and resilience, representing the balance between the Bank’s foreign currency assets and its liabilities.
Following the fourth wave of currency liberalisation in March 2024, the consolidated net foreign assets position of Egyptian banks—including the CBE—moved into surplus by about $14.29bn in May 2024. This marked a sharp turnaround from a deficit of nearly $29bn in January 2024, prior to the CBE’s reform measures and the foreign inflows linked to the Ras El Hekma development deal.
Separately, a CBE report revealed that reserve money expanded to EGP 2.516trn in July 2025, compared with EGP 2.320trn in June. The Bank noted that currency in circulation outside its vaults stood at EGP 1.516trn in July, slightly up from EGP 1.507trn a month earlier. Meanwhile, local currency deposits held by banks with the CBE surged to EGP 999.950bn in July, from EGP 813.817bn in June.
