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Morocco among top African forex earners
Morocco achieved its highest-ever level of foreign exchange reserves, reaching $48.6 billion in 2025, marking the largest annual growth of 30.8% since 2021. This growth is primarily attributed to the strong performance of the tourism and phosphates sectors, which enhanced the country's ability to withstand external shocks and increased its import coverage to 6.2 months, surpassing the minimum international financial indicators. This achievement places Morocco as the fifth-largest reserve holder in Africa, ahead of Nigeria, reflecting the strength and stability of the national economy amidst global challenges.
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