African Countries Ranked by Foreign Exchange Reserves in 2024
The African Trade Finance Bank has unveiled its ranking of African countries by the size of their foreign exchange reserves for 2024.
Libya takes the top spot, despite its political situation, and is still considered an upper-middle-income country by the World Bank. Its foreign exchange reserves reach an impressive $80.7 billion.
Tunisia, on the other hand, occupies the 8th position with foreign exchange reserves of $8.8 billion.
Here is the top 10 ranking of African countries by foreign exchange reserves:
- Libya ($80.7 billion)
- Algeria ($70.3 billion)
- South Africa ($57.6 billion)
- Morocco ($34.8 billion)
- Nigeria ($27.4 billion)
- Egypt ($25.5 billion)
- Angola ($14 billion)
- Tunisia ($8.8 billion)
- Kenya ($8.6 billion)
- Mauritius ($5.9 billion)
