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Home » Egypt’s Foreign Reserves Rise to $52.8 Billion, Supported by Remittances and Canal Revenue
Economy

Egypt’s Foreign Reserves Rise to $52.8 Billion, Supported by Remittances and Canal Revenue

by Oluebube Elechi April 6, 2026
written by Oluebube Elechi April 6, 2026
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CAIRO, April 6 – Egypt’s net foreign reserves increased to $52.8 billion at the end of March 2026, according to new data released by the Central Bank of Egypt, pointing to continued inflows from key foreign currency sources.

The latest figure highlights a steady build-up in external buffers, as authorities maintain a diversified reserve structure. The holdings are spread across major global currencies, including the U.S. dollar, euro, British pound, Japanese yen and Chinese yuan, with allocations adjusted regularly based on market conditions and currency stability.

Recent inflows have been supported by strong remittance levels from Egyptians living abroad, which have reached record highs. In addition, stable revenue from the Suez Canal continues to provide a reliable source of foreign exchange earnings.

While other sectors such as tourism, exports and foreign direct investment remain important contributors, their performance has shown some variability in recent periods due to global and regional disruptions. Even so, the combination of remittances and canal receipts has helped offset these fluctuations and sustain reserve growth.

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The Central Bank said it continues to review the composition of reserves to ensure resilience and maintain adequate coverage levels in the face of shifting external conditions.

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