Top 10 African countries with the highest external reserves

Top 10 African countries with the highest external reserves

1)-Libya 🇱🇾 – $80.7 Billion

2)- Algeria 🇩🇿 – $70.3 Billion

3)- South Africa🇿🇦 – $57.6 Billion

4)- Morocco🇲🇦 – $34.8 Billion

5)- Nigeria 🇳🇬 – $27.4 Billion

6)-Egypt 🇪🇬– $25.5 Billion

7)- Angola 🇦🇴– $14.0 Billion

8)- Tunisia🇹🇳 – $8.8 Billion

9)- Kenya🇰🇪 – $8.6 Billion

10)- Mauritius – $5.9 Billion

Note: External reserves play a crucial role in a country’s economic stability. These reserves are assets held by central banks in foreign currencies, used to back liabilities, manage monetary policy, and stabilize the currency exchange rate.