Gold Reserves in Muslim Countries of Africa : Africa has abundant natural resources, with particularly large gold reserves. At the same time, many Muslim countries are also included in the top 10 gold reserves of Africa, you will be surprised to know about the gold reserves they have. This is very important for the economy of Africa. Although many challenges exist, such as environmental and governance problems, the potential for additional exploration and development of gold remains high, making gold an important part of Africa’s economic future.
African countries increased gold reserves amid global uncertainty
In recent years, African countries have taken several important steps to strengthen their gold reserves, putting themselves in a strong position amid global economic uncertainty. As geopolitical tensions and inflation concerns increase in Africa, people are increasingly attracted to gold as a safe investment. Let us tell you about those Muslim countries of Africa which have the largest gold reserves in Africa.
Algeria has Africa’s largest gold reserves
Along with Muslim countries, there are many Christian and Hindu majority countries in Africa. However, according to the data available from Statista, in the year 2023, Africa will have the highest number of Muslim countries in the top 10. The first name among which is Algeria. Algeria has Africa’s largest reserves of gold with 174 metric tons.
These Muslim countries of Africa have huge gold reserves
After Algeria, Libya is at second place among the Muslim countries of Africa with 117 metric tons of gold. At the same time, 80.73 metric tons of gold reserves are present in Egypt, due to which Egypt plays an important role in the gold market of Africa. Apart from this, there are 22.12 metric tons of gold reserves in Morocco. With its large reserves, Morocco has become a significant contender in the African gold market. At the same time, with gold reserves of 21.37 metric tons, Nigeria is also among those Muslim countries of Africa, which shows its increasing interest in gold. At the same time, Tunisia is also included in this list with 6.84 metric tons of gold.
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