Egypt's net foreign reserves rose slightly to $38.36 billion in August of 2020 from $38.32 billion in the previous month, thanks to another IMF loan and the return of foreign investments in treasury bills. From March until May, the country saw a significant decline in its foreign reserves as the Covid-19 pandemic weighed on tourism revenues and remittances, main sources of hard currency,

Foreign Exchange Reserves in Egypt averaged 22518.44 USD Million from 1992 until 2020, reaching an all time high of 45510 USD Million in February of 2020 and a record low of 10088 USD Million in June of 1992. This page provides the latest reported value for - Egypt Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Egypt Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Central Bank of Egypt

Foreign Exchange Reserves in Egypt is expected to be 38500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in Egypt to stand at 43000.00 in 12 months time. In the long-term, the Egypt Foreign Exchange Reserves is projected to trend around 45000.00 USD Million in 2021 and 46200.00 USD Million in 2022, according to our econometric models.

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Egypt Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
38400.00 38315.00 45510.00 10088.00 1992 - 2020 USD Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2020-06-08 10:20 AM May $36.004B $37.037B $35B
2020-07-07 09:30 AM Jun $38.201B $36.004B $35B
2020-08-06 09:50 AM Jul $38.32B $38.201B $40B
2020-09-07 12:30 PM Aug $38.4B $38.315B $38.5B
2020-10-01 11:00 AM Sep $38.4B $38.5B
2020-11-02 11:00 AM Oct

Egypt Foreign Exchange Reserves
In Egypt, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.