Egypt's Foreign Exchange Reserves Record $48.7 Billion in June 2025

Egypt's Foreign Exchange Record $48.7 Billion

Urgent: Egypt's Foreign Exchange Reserves Record $48.7 Billion in June 2025

Egypt's net foreign exchange reserves rose to $48.7 billion in June, an increase of $174 million compared to May 2025.

At the end of last month, Egypt sold $1 billion in three-year sukuks to Kuwait Finance House. The Central Bank of Egypt said in a statement that net international reserves reached $48.7 billion at the end of June 2025, compared to $48.5 billion at the end of May 2025.

Last week, International Monetary Fund spokesperson Julie Kozack praised Egypt's foreign exchange reserve levels, stating that there had been significant progress in increasing foreign exchange reserves and controlling inflation in Egypt.

Egypt's Interest Rates to Hold

Economic analysts expect the Central Bank of Egypt (CBE) to keep interest rates unchanged during its Monetary Policy Committee meeting on July 10, 2025, as it seeks to wait for the current inflationary pressures in Egypt to subside. Analysts expect the CBE to take this step in line with global central banks, which have paused their interest rate cut cycles, awaiting the outcome of global trade wars and their impact on global inflation.

During the past two meetings, the CBE cut interest rates by 325 basis points, the first in nearly four years after a wave of significant interest rate hikes due to record-high inflation rates in Egypt. The current interest rate in Egypt is 25 percent for lending and 24 percent for deposits, according to CBE data.