Egypt may restart dollar auctions
The article discussed the efforts of the Central Bank of Egypt in restoring and strengthening foreign exchange reserves. The reserves remained steady at a record high of $52.6 billion by the end of January 2026, continuing to rise since the start of the fiscal year. The report explained that Egypt achieved its reserve targets through market interventions and by boosting foreign inflows, supported by international agreements and improved market conditions. It also highlighted government strategies, such as restarting energy price increases if global prices rise, implementing taxes on free zones, and planning to eliminate the debts of economic entities—aimed at improving public finances and supporting the stability of foreign reserves. Egypt plans to disburse $2.35 billion in November after completing reviews of IMF programs, with a focus on boosting revenue and implementing financial and economic reforms.
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