The Central Bank of Egypt announced that the country’s net foreign currency reserves reached a new all-time high at the end of April 2025, surpassing the $48 billion mark for the first time in its history.
In a statement issued yesterday, the CBE reported that the net foreign currency reserves stood at $48.143 billion at the end of April, compared to $47.757 billion at the end of March.
In parallel, Egypt’s gold reserves reached $13.629 billion in April, marking an 8.1 per cent increase from $12.606 billion in March, according to the latest data from the CBE.
Meanwhile, a team from the International Monetary Fund (IMF) is expected in Cairo this week to begin the fifth review of Egypt’s $8 billion Extended Fund Facility (EFF).
The review is part of a 46-month programme first approved in December 2022, initially valued at $3 billion but expanded in March 2024 to $8 billion, following mounting financial pressures and regional instability.
