Government spokesman: Mauritania’s hard Currency Reserves are About one Billion and 750 Million Dollars

The Minister of Petroleum, Mines and Energy, Government Spokesman, Mr. Nani Ould Cherouga, confirmed that the national currency is in good condition, as the Central Bank’s reserves of hard currency cover six months, with an amount of about one billion and 750 million US dollars, which is more than the average of countries’ reserves of hard currency (four months).

In response to a question while commenting on the results of the cabinet meeting on Wednesday evening in the pronouncement hall of the Mauritanian News Agency, accompanied by Their Excellencies the ministers of interior and decentralization, culture, youth, sports and relations with parliament, he added that the stabilization of the currency in Mauritania is part of the exchange policies aimed at making it safe from the turmoil of global markets.

Regarding the statement on the national vision for energy transition, the Minister said that our renewable energy capabilities are included in this vision, given the capabilities that our country enjoys in this aspect (long seashore, geographical location, etc.). , which makes us aspire to be a pole in the field of renewable energy, as 46% of the energy in our country is of the low-cost class.

In response to a question about the performance of national companies, the government spokesman confirmed that his talk last week about these companies was motivated by jealousy over them, as it is not acceptable after 63 years of independence for foreigners to take over simple businesses, stressing that the responsibility in the matter belongs to everyone and requires efforts to raise the performance of our national companies.