Egypt's forex reserves surpass $53.1 billion
Egypt's foreign exchange reserves rose to $53.134 billion by the end of May 2026, compared to approximately $53.01 billion in April, covering about 6.3 months of imports. This increase comes alongside a 32% rise in the remittances of Egyptians working abroad, reaching around $34.9 billion during the first nine months of the fiscal year, as efforts continue to boost dollar liquidity and reduce pressure on the balance of payments.
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