The Central Bank of Egypt (CBE) announced that net international reserves reached US$ 53.01 billion at the end of April, up from $52.831 billion at the end of March – a significant improvement compared from the previous month.
The Monetary Policy Committee of CBE decided at its meeting at the beginning of April to keep key interest rates unchanged.
Accordingly, the overnight deposit and lending rates, as well as the Central Bank’s main operation rate, were kept at 19.00 percent, 20.00 percent, and 19.50 percent, respectively
The Governor of the CBE and Egypt’s representative to the International Monetary Fund, Hassan Abdallah, confirmed in March that Egypt had made significant progress in its economic reform program.
He added at the time that since 2024, the Egyptian government has successfully implemented fundamental economic reforms, including the transition to an inflation-targeting system and the adoption of a flexible exchange rate.
Among the most prominent results was a reduction in the inflation rate from its peak of 38 percent to 11 percent in January 2026, he explained, along with a rise in international reserves to their highest level ever, reaching $ 53 billion by the end of March 2026.
