Egypt has recorded its highest-ever level of net foreign currency reserves, with the total surpassing the $55 billion mark at the close of June, marking a significant milestone for the country’s economy.
Prime Minister Dr. Mostafa Madbouly announced the achievement during the government’s weekly press briefing, referencing the latest figures released by the Central Bank of Egypt.
According to the Prime Minister, the country’s reserves expanded by roughly $2 billion within a single month. He described the sharp increase as a positive sign of strengthening economic fundamentals, highlighting sustained progress across key financial indicators.
Madbouly said the growth in reserves reflects Egypt’s continued efforts to reinforce its financial position, enhance its capacity to withstand external pressures, and maintain economic stability. The record reserve level, he noted, demonstrates the government’s ongoing commitment to strengthening the country’s financial resilience.
