Egypt’s Net Foreign Reserves Rise to $49.25Bn in August

CAIRO: The Central Bank of Egypt announced on Sunday that the country’s net international reserves rose to $49.25 billion in August 2025, up from $49.04 billion in July — a monthly increase of about $214 million.

Gold holdings recorded the sharpest growth, climbing to $14.09 billion in August from $13.64 billion the previous month, an increase of $449 million.

In contrast, foreign currency reserves edged down by $94 million to $35.12 billion, while Special Drawing Rights fell by $140 million to $43 million.

Since the start of 2025, Egypt’s foreign reserves have expanded by roughly $2.14 billion, compared to $47.11 billion at the close of 2024.

The reserves consist of a diversified basket of major international currencies — including the US dollar, euro, British pound, Japanese yen, and Chinese yuan — allocated in line with the CBE’s strategy to reflect global market stability and currency strength.

According to the central bank, the primary function of these reserves — comprising both gold and foreign currencies — is to finance essential imports, service external debt, and provide a buffer against economic shocks, particularly during periods of weaker foreign currency inflows from tourism, remittances, and Suez Canal revenues.