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What are the top 15 strongest currencies in Africa?
Unless you are conversant with various currencies in Africa, you hardly know which one is stronger.
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Here are the top coins you should have in mind.
Libyan dinar
What is the strongest currency in Africa?
It is the dinar that Libya uses.
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One US dollar is about 1.38 Libyan dinars.
At this rate, it is among the leading currencies in the world too.
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2.
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Tunisian dinar
The Tunisian dinar has grown to be one of the steadiest African currencies too.
A dollar goes for about 2.813 Tunisian dinars.
Ghanaian cedis
One of the most striking currencies in Africa will always be Ghanas cedis.
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One US dollar is equivalent to about 5.4 Ghana cedis.
Morrocan dirham
The dirham is Morrocos currency.
It trades with the US dollar at about 9.8.
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It would be best if you also kept in mind that it remains illegal to export the dirham.
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5.
Botswana Pula
Botswana is among the African countries that pride themselves on stable economic conditions and credible democracies.
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With this, their pula has come out as one of the most important currencies within the region.
10.9 pulas will be enough to get you a dollar.
Zambian Kwacha
The Zambian kwacha has proven to be relatively stable.
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The more volatile the price of copper is, the more negatively the kwacha is affected.
A dollar exchanges with about 13.15 kwachas.
Seychellois rupee
Seychelles rupee is not only valuable but also stable.
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One USD will often make you about 13.65 rupees.
South African rand
As mentioned earlier, the South African currency ranks eighth.
A US dollar goes forabout 14.38 rands.
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Eritrean nakfa
The nakfa in Eritrea has remained steady for a relatively long time.
Besides, the government hardly floats this currency.
Fifteen nakfas will give you a US dollar.
A US dollar is about 16.35 Egyptian pounds.
Significant investments have ensured that a dollar goes for about 22.25 Doblas.
Ethiopian Birr
The Ethiopian birr is one currency which volatility is very low.
With 29.4 birrs, you will easily get one US dollar.
Mauritian rupee
Mauritius prides itself on a rupee which strength is reliable.
One USD will often exchange for about 36.3 rupees.
This country relies on its reserves to keep its currency stable.
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Mauritanian ouguiya
The MRU is Mauritanias currency.
It has no unit based on the divisions of ten.
You will learn that 1 USD will exchange with 37.13 MRUs.
Sudanese pound
Despite being among the most influential currencies within the continent, it undergoes much volatility.
The unstable political space within the country significantly contributes to such fluctuations.
However, one USD will go for about 45.06 Sudanese pounds.
Which currency do you consider the best?
She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you’ve got the option to email her at perisrodah254@gmail.com.
