Egypt's Banking Sector Foreign Assets Drop to $21.3 Billion

Data from the Central Bank of Egypt showed that net foreign assets in the banking sector fell to $21.32 billion, equivalent to 1.164 trillion Egyptian pounds, in March 2026.

This figure represents a sharp decline compared to $27.385 billion, or 1.313 trillion Egyptian pounds, recorded in February of the same year. The decline amounted to approximately $6 billion in just one month.

The Central Bank did not specify the direct causes of the significant decline in foreign assets, but it may be linked to foreign exchange market volatility or investment transfers.