Libya Ranks First in Africa for Forex Reserves

Libya Ranks First in Africa for Forex Reserves

Libya has maintained a substantial foreign currency reserve totaling $80.7 billion in 2024, positioning it as the top country in Africa in this regard. This achievement coincides with Libya’s status as one of the continent’s major oil exporters. The African Export-Import Bank (Afreximbank) released a ranking of African countries based on their foreign currency reserves … Read more