Egypt saw its net foreign assets rise by $4.02 billion in January, reaching an all-time high of $29.54 billion, according to central bank data released Monday. The increase is driven by strong Gulf investments, ongoing effects of currency reforms, and record remittances from Egyptians working abroad.
Worker remittances reached a record $4.0 billion in December, bringing total remittances for 2025 to $41.5 billion, up from $29.6 billion in 2024. Commercial banks’ foreign assets jumped by $1.67 billion, while central bank holdings remained mostly steady. At the same time, net foreign liabilities decreased across both commercial and central banks.
Egypt fresh financing from the International Monetary Fund, supporting economic stability amid regional tensions and market volatility.
Source: TRT Africa
