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.
