Egypt among top 10 African countries with highest foreign exchange, gold reserve -- report
High foreign exchange and gold reserves are becoming increasingly important for African countries seeking to establish economic stability and geopolitical power, according to a the Global Firepower Index, which assesses a country's strength based on not only military assets but also economic factors such as national reserves.
On Monday, the Central Bank of Egypt (CBE) announced that the country's net foreign reserves rose to $48.700 billion at the end of June 2025, up from $48.526 billion in May, marking an increase of $174 million in one month.
The list of the top 10 African countries with the largest foreign exchange and gold reserves included Libya, Algeria, Morocco, South Africa, Egypt, Nigeria, Angola, Tunisia, Côte d'Ivoire and Kenya, according to the index. (MENA)
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