Egyptian President Abdel Fattah al-Sisi met on Saturday with the Governor of the Central Bank of Egypt (CBE), Hassan Abdullah.
The CBE Governor reviewed the increase in net international reserves at the Central Bank, which reached $52.6 billion in January 2026, marking a record high compared to $33.1 billion in August 2022.
The meeting also addressed developments in the banking sector and monetary policy during 2025, reflecting the continued strength of financial soundness indicators, the resilience of the CBE, the efficiency of the banking sector, and its ability to support the country’s macroeconomic stability.
This allows for coverage of approximately 6.9 months of merchandise imports, exceeding international guidelines.
The meeting also addressed the rise in net foreign assets in the banking sector, which reached $25.5 billion in December 2025, the highest level since February 2020.
Net foreign assets at the CBE stood at $15.1 billion in January 2026.
This increase was driven by improved net foreign assets at commercial banks, which reached $ 12.2 billion in December 2025, along with a recovery in remittances from Egyptians abroad – which reached a record high – increased tourism revenues, and a rise in direct and indirect foreign investment in Egyptian government debt instruments.
