Net foreign reserves rose to USD 47.4 bn at the end of February 2025, marking a USD 129 mn increase from January, according to data from the Central Bank of Egypt. Net foreign reserves continued to increase m-o-m for the 30th consecutive month.

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Here’s the breakdown, according to CBE data (pdf):

  • FX reserves fell by USD 297 mn to 35.5 bn in February, down from 35.8 bn in January
  • Gold reserves increased USD 435 mn to USD 11.9 bn, up from USD 11.4 bn
  • Special drawing rights fell USD 10 mn to USD 21 mn, down from USD 31 mn

Egypt’s net foreign reserves have increased by USD 12.1 bn since the government announced the USD 35 bn Ras El Hekma agreement that coincided with the float of the EGP and FX liquidity returning to the official banking system, paving the way for more international funds. In February 2024 — the month immediately before the float — foreign reserves stood at USD 35.3 bn.

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