Cairo: Egypt's Central Bank has achieved a significant milestone as its net international reserves reached $52.6 billion in January 2026. Egyptian President Abdel Fattah El-Sisi met with the Governor of the Central Bank of Egypt, Hassan Abdalla, to discuss the latest developments and achievements in the banking sector and monetary policy over the past year.
According to Emirates News Agency, the spokesman for the Presidency, Mohamed El-Shennawy, stated that the meeting highlighted the continued strength of financial soundness indicators, resilience of the Central Bank of Egypt, and the efficiency of the banking sector. These factors contribute to the country's macroeconomic stability.
The Central Bank Governor emphasized the increase in net international reserves as a historic recovery from the $33.1 billion recorded in August 2022. This level of reserves provides coverage for approximately 6.9 months of commodity imports, surpassing global benchmark levels.
During the meeting, discussions also covered the increase in the banking sector's net foreign assets, which reached $25.5 billion in December 2025, marking the highest level since February 2020. This increase was attributed to a boost in commercial banks' net foreign assets, which amounted to $12.2 billion in December 2025, and a recovery in Egyptians' remittances from abroad, reaching a record high.
Additional support for this rise came from increased tourism revenues, and growth in both direct and indirect foreign investments in Egyptian government debt instruments. Meanwhile, the Central Bank's net foreign assets stood at $15.1 billion in January 2026.