The CBE noted that net foreign assets have maintained an upward trajectory for the sixth consecutive month. Net foreign assets represent the difference between foreign currency assets, such as deposits and securities, held by the central bank and commercial banks, and their foreign currency liabilities. Egypt’s banking sector slipped into negative net foreign assets in February 2022, amid a foreign currency shortage triggered by the Russia–Ukraine war and global inflationary pressures. Banking expert Mohamed Abdel Aal attributed the recent increase in net foreign assets to stronger foreign currency inflows, particularly from remittances, exports, and tourism revenues. The increase in net foreign assets to $23.732bn in November 2025 is therefore not only a statistical improvement, but also a clear signal of foreign currency stability and the Egyptian economy’s recovery from previous crises.

Source: Daily News Egypt January 07, 2026 19:22 UTC