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Libya leads the top 10 of African countries better prepared to face economic instability with the help of their national reserves.
According to recent data, collected by Global Firepower, the Libya It occupies the first place among African countries with the highest currency and gold reserves: it has over $ 92 billion.
The list, released by, highlights the 10 African countries best prepared to face economic instability with the help of their national reserves.
After Libya, the Algeria in second place with 81.2 billion dollars, and the South Africa third with 62.5 billion. THE Nigeria e Morocco They complete the top five, with 41.3 billion and 36.3 billion, respectively.
Egypt (33.1 billion), Angola (13.9 billion), Tunisia (9.2 billion), Ivory Coast (7.6 billion) and Kenya (7.3 billion) close the top 10.
These reserves are seen as fundamental economic stabilizers, especially in Africa, where many countries face external shocks such as the volatility of raw material prices, inflation and political instability. High currency and gold levels allow governments to defend their currencies, pay essential imports, and fulfill foreign debt obligations without provoking financial crises.
Countries with stronger reserves are also better positioned to maintain investor confidence and internal stability in times of uncertainty. Central banks can use these reserves to stabilize exchange rates, especially when local currencies are under pressure.
The Global Firepower index, traditionally centered on the evaluation of military power, is increasingly part of economic indicators, such as external reserves, to measure a global strategic capacity of a country.
In addition to protecting against external economic pressures, reserves are also a sign of good economic management for international creditors and investors. Consequently, they contribute to better credit ratings and greater access to external financing.
