Top strongest currencies in Africa
The U.S. Dollar is said to be one of the most stable currencies globally and the most universal as well.
The currency is accepted virtually everywhere in the world as a medium of exchange and influences markets and governments. Not only is the dollar strong, it also influences the monetary policies of respective governments.
Many countries compare the strength of their currencies against the Dollar's performance to determine their economic health and international standing.
While countries like Japan, Britain, and Switzerland boast of currencies that compare to the dollar, some African countries equally boast of the stability of their currencies and the respective influence they carry globally.
In this article, we explore the strongest legal tenders in some African currencies.
1. Tunisian Dinar (Tunisia) Currency Name: Dinar Code: TND Current Exchange Rate: $1 = 3.14
2. Libyan Dinar (Libya) Currency Name: Dinar Code: LYD Current Exchange Rate: $1 = 4.86
3. Moroccan Dirham (Morocco) Currency Name: Dirham Code: MAD Current Exchange Rate: $1 = DH 10.02
4. Botswana Pula (Botswana) Currency Name: Pula Code: BWP Current Exchange Rate: $1 = 13.61
5. Seychellois Rupee (Seychelles) Currency Name: Seychellois Rupee Code: SCR Current Exchange Rate: $1 = SRe 13.86
6. Ghanaian Cedi (Ghana) Currency Name: Cedi Code: GHC Current Exchange Rate: $1 = GH₵ 13.89
7. Eritrean Nakfa (Eritrea) Currency Name: Nakfa Code: ERN Current Exchange Rate: $1 = Nfk 15.00
8. South African Rand (South African) Currency Name: Rand Code: ZAR Current Exchange Rate: $1 = R 18.35
9. Zambian Kwacha (Zambia) Currency Name: Kwacha Code: ZMW Current Exchange Rate: $1 = ZK 27.37
10. Egyptian Pound (Egypt) Currency Name: Egyptian Pound Code: EGP Current Exchange Rate: $1 = E£ 47. 40
