Egypt's foreign reserves exceed $50B mark for first time: What to know
The stronger reserve position signals that Egypt has largely emerged from its worst economic crunch in decades.
The Central Bank of Egypt announced Sunday that the country’s net international reserves exceeded the $50 billion mark for the first time in history, mainly driven by tourism and remittances.
What happened: In a statement, the CBE said its total net international reserves rose to approximately $50.071 billion in October, up from about $49.533 billion at the end of September 2025, an increase of around $538 million within a single month. The increase was driven mainly by increasing tourism and remittances, Egyptian media reported.
Meanwhile, the value of foreign currencies in the reserves declined to $33.350 billion in October from $33.649 billion in September, a decrease of $299 million.
Egypt’s balance of Special Drawing Rights — a reserve asset created by the International Monetary Fund to supplement reserves of its member countries — rose to $179 million, up from $44 million in September, an increase of $135 million. Although SDRs provide a country liquidity, they are not currencies.
