Ahmed Kamel – Egypt Daily News
Egypt’s economy recorded an unprecedented influx of foreign currency in July 2025, marking the highest monthly dollar revenue in the country’s history, according to Prime Minister Dr. Mostafa Madbouly. Speaking at a press conference held at the Cabinet headquarters in New Alamein City, Madbouly addressed mounting public questions about the true state of the economy and whether recent improvements are genuine or simply tied to Egypt’s commitments under its International Monetary Fund (IMF) program.
Dismissing such concerns, the Prime Minister emphasized that the economic reform path Egypt is following is not externally imposed but rather part of a long-term, nationally-driven strategy adopted by the state itself.
“The claim that Egypt’s economic progress is solely linked to the IMF program is inaccurate,” Madbouly stated. “Our reform agenda was launched by the Egyptian state and continues under our own direction.”
He noted that international financial institutions have continued to issue positive assessments of Egypt’s economic performance, underscoring a growing recognition of the country’s progress.
Among the most notable developments is the historic level of dollar inflows recorded in July 2025. According to Madbouly, Egypt secured $8.5 billion in dollar revenues during the month, an all-time high. He clarified that this figure excludes so-called “hot money” or speculative capital flows, and instead reflects sustainable income generated from diverse sectors of the economy.
A significant portion of this revenue came from remittances by Egyptians living abroad, which saw what the Prime Minister described as a “historic leap.” This surge, he added, is a strong indicator of expatriates’ growing confidence in the Egyptian economy and its long-term outlook.
The announcement comes at a time when Egypt is navigating a complex regional and global environment, while actively pursuing economic stabilization, currency reform, and investment attraction. The government has recently intensified efforts to improve foreign currency liquidity, boost exports, and attract foreign direct investment, particularly from Gulf partners.
Madbouly’s remarks are likely aimed at reinforcing domestic and international confidence in the government’s economic management, especially as the country seeks to balance structural reforms with social protections for a population still feeling the impact of inflation and currency devaluation.
Observers will be watching closely to see whether July’s record-setting figures represent a turning point or a temporary peak. Nonetheless, the government is clearly positioning this achievement as validation of its broader economic strategy and as a message of reassurance to both markets and the Egyptian public.
