Egypt's forex reserves reach $56.29 billion

Egypt's foreign exchange reserves increased to approximately $56.29 billion by the end of July 2026, recording a growth of $1.2 billion compared to June, according to Central Bank data. Additionally, remittances from Egyptians working abroad saw a notable rise during the 2025-2026 fiscal year, increasing by 31.2% to reach around $43.1 billion, with a monthly increase in May of 13.5% to about $3.9 billion. The data highlights that the stability of reserves plays an important role in supporting the Egyptian economy, amidst ongoing remittance flows and an improved monetary situation.

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