Egypt’s Net Foreign Assets Rise to $14.92 Billion by End of June
Egypt’s net foreign assets (NFAs) across the banking sector, including the Central Bank of Egypt (CBE), climbed to $14.92 billion at the end of June 2025, up from $14.73 billion in May, according to newly released data published on the Central Bank’s official website.
The data reflects a continued recovery in Egypt’s external financial position, particularly after the banking sector recorded a net surplus of EGP 676.4 billion in May—the first positive balance following a prolonged deficit—compared to EGP 174.4 billion in April.
Net foreign assets represent the difference between banks’ foreign-currency claims on non-residents and their obligations to non-residents. In practical terms, NFAs measure what banks own in foreign currency deposits and reserves versus what they owe abroad.
Interest Rates Held Steady
Separately, the Monetary Policy Committee (MPC) of the Central Bank of Egypt, in its meeting held on Thursday, July 10, 2025, decided to maintain key interest rates at current levels. The overnight deposit rate was kept at 24.00%, the overnight lending rate at 25.00%, and the main operation rate at 24.50%. The discount rate was also left unchanged at 24.50%.
The decision reflects the CBE’s cautious monetary stance aimed at anchoring inflation expectations while supporting financial stability, amid ongoing efforts to bolster foreign reserves and manage exchange rate pressures.