Algeria Second Richest Arab Country in Terms of Exchange Reserves After Saudi Arabia

Algeria ranks second Arab country after Saudi Arabia, and ranked 18th internationally, with foreign exchange reserves that reach $ 153 billion in the end of 2015, despite the erosion of its financial reserves due to the collapse of oil prices by more than 20%.

Despite the oil shock which is experienced by the country due to decline in the value of a barrel of oil, which was one of the reasons that contributed to the erosion of exchange reserves by more than 20% in the end of 2014, but Algeria still maintain the first rank globally in the world’s largest economy of the end of 2015, at a value that reached $153 billion.

“Al-Riyadh” Saudi Arabia newspaper revealed on list of the countries which occupied the first rank worldwide in the total foreign exchange reserves, as Saudi Arabia ranked first regionally and third globally with $ 616 billion, followed by Algeria in second place with a total cash reserves of about $153 billion at the end of 2015, followed by the United Arab Emirates by about $ 93 billion (ranked 26) globally, Kuwait at about $ 20.7 billion (ranked 36 globally), then Qatar with about $38 billion (ranked 43 globally), then Morocco with $23 billion (50 globally), Oman, Jordan and Egypt with about 18 and 17.8 and 16.5 billion dollars (respectively rank 58, 58 and 59 globally), then Yemen by about $ 5.3 billion (ranked 72 globally).

Bahrain ranked 75 globally with $ 4.4 billion, and globally, China ranked first by about $ 3.23 trillion, an increase of 27% of the world’s total foreign exchange reserves, followed by Japan at about $ 1.25 trillion, representing 10.4% of total world reserves.