First Independent Mena Newspaper
Morocco, a country with a diversified economy, has outpaced hydrocarbon-rich Algeria in foreign exchange reserves, reaching approximately $50 billion in September, according to central bank data. This milestone underscores the success of Morocco’s diversified and productive economy, while exposing the costs of Algeria’s rentier economy which led to restrictive import policies and heavy reliance on […]
Morocco’s foreign exchange reserves reached a record $48.6 billion in 2025, placing the kingdom fifth among African countries, according to a report by the African Export-Import Bank (Afreximbank). The reserves jumped 30.8% in one year, Morocco’s strongest annual increase since 2021, strengthening its buffer against external shocks and improving its capacity to finance imports. Morocco […]
Cash-strapped Tunisia reported a 3% decrease in its foreign exchange reserves to 22.9 dinars ($ 7.5 bln), enough to cover 99 days of imports, as the country struggles to access foreign debt amid a biting social and economic crisis. The decline follows the government’s $1 billion Eurobond repayment in February, reducing import coverage. The government […]
Morocco expects to add 650 million dollars to its foreign exchange reserves as part of $1.2 billion that will be offered to the country under the IMF’s Special Drawing Rights. The sum is to be unlocked by the IMF this August 23 after a historic approval by the IMF Board of Governors to allocate Special […]
Algeria’s public debt rose to 45% of GDP while its foreign exchange reserves continue to shrink on the back of falling oil prices in international market boding ill for the social peace of a country where dissent is growing. Newly appointed Prime Minister Abdelaziz Djerad sounded the alarm bell recently while speaking to MPs about […]
Algeria’s foreign exchange reserves dwindled by $8.72 billion to $88.61 billion in June 2018, the Algerian news agency APS said. The rise in oil prices has not helped Algeria reduce the pace of its dwindling reserves, which dropped from $114.1 billion in 2016 and from $178 billion in 2014. Analysts say that even with oil […]
Morocco’s foreign exchange reserves stood at 201.5 billion Dirhams by July 2017, shrinking 16.4% compared to the same period last year, the Central Bank, Bank Al Maghrib said. The Bank said it maintains key interest rate at 2.33%, adding that the exchanges volume rose from 5.4 billion to 8.2 billion DH. The drop in Morocco’s […]