The Central Bank of Egypt (CBE) announced that the country’s net foreign exchange reserves rose to approximately US$48.144 billion by the end of April.
According to data published on CBE’s website on Tuesday, Egypt’s foreign exchange reserves rose by approximately $387 million during April, from approximately $47.757 billion at the end of March 2025.
This increase reflects a gradual stabilization in macroeconomic indicators and a recovery in dollar resources, thereby improving the country’s ability to meet its external obligations and meet the market’s foreign exchange needs.
Foreign reserves play a pivotal role in supporting the national economy, as they are used to provide strategic goods, pay off foreign debt installments and interest, and deal with economic crises, especially during periods of fluctuating revenues from foreign currency-generating sectors such as tourism, exports, remittances from Egyptians abroad, and foreign direct investment.
Banking expert Tarek Metwally emphasized that the increase in foreign exchange reserves is an important message that reflects an improvement in foreign exchange resources.
He explained that several reasons led to the increase in the CBE’s foreign exchange reserves, including the recent increase in remittances from workers abroad, in addition to the increase in Egyptian exports during the first half of 2025.
Metwally added that tourism has witnessed a significant boom recently, supporting foreign currency inflows and foreign direct investment, which represents a primary source of hard currency and bolsters foreign exchange reserves.
He pointed out that Egypt’s foreign reserves consist of a diverse basket of major global currencies, most notably the dollar, euro, pound sterling, Japanese yen, and Chinese yuan.
