Egypt’s banking sector recorded a rise in net foreign assets to $28.418 billion (EGP 1.454 trillion) at the end of July 2026, up from $27.965 billion (EGP 1.378 trillion) at the end of June, according to Central Bank of Egypt (CBE) data.
The increase came as the Egyptian pound weakened against the US dollar, with the exchange rate reaching EGP 51.1934 per dollar at the end of July, compared with EGP 49.2763 at the end of June.
Total foreign assets held by the banking sector, including the CBE and commercial banks, rose to EGP 5.146 trillion in July from EGP 4.939 trillion a month earlier.
Foreign liabilities also increased to EGP 3.691 trillion from EGP 3.591 trillion over the same period.
Net foreign assets are a key indicator of the banking sector’s external position, reflecting the difference between banks’ foreign-currency assets and liabilities.
Meanwhile, domestic liquidity in the banking sector increased to EGP 15.499 trillion at the end of July, compared with EGP 15.261 trillion at the end of June.
The money supply, or M2, edged down to EGP 4.489 trillion from EGP 4.492 trillion, while currency in circulation outside the banking system declined to EGP 1.631 trillion from EGP 1.649 trillion.
Local-currency demand deposits held at banks rose to EGP 2.858 trillion at the end of July from EGP 2.842 trillion a month earlier.