Cairo: The Media Center of the Egyptian Cabinet confirmed on Monday, February 23, 2026, that international reserves have achieved a historic high, reaching $52.6 billion in January. This milestone reflects a significant improvement in external sector indicators over the previous year.
According to State Information Service Egypt, the progress stems from Egypt's continuous efforts to augment foreign currency resources and reinforce external financial stability. The state has implemented effective monetary policies and structural reforms. Additionally, the Central Bank of Egypt's careful monetary strategy has been instrumental in stabilizing the exchange rate.
The Media Center emphasized that these initiatives have resulted in a steady rise in international reserves, boosting confidence in the Egyptian economy. The growth has been fueled by an increase in tourism revenues, higher exports, and stronger remittances from Egyptians working abroad, showcasing the country's resilience amid global economic challenges.
Further details from the infographics revealed a 25.9% reduction in the current account deficit, which decreased to $15.4 billion in the fiscal year 2024/2025, from $20.8 billion in the fiscal year 2023/2024. The infographics also referenced evaluations by international institutions. The International Monetary Fund praised Egypt's improved external financial position in 2025, highlighting the sustained strength in remittances and tourism revenues, along with substantial growth in non-oil exports.