Top 10 Strongest Currencies In Africa

Here are the list of top 10 strongest currencies in Africa, along with a brief history of each currency and the country it belongs to:

1. Libyan Dinar (LYD) – Libya – 1 LYD = 0.73 USD

The Libyan Dinar is the strongest currency in Africa. It was introduced in 1971 to replace the former Libyan pound.

The currency is backed by the country’s large reserves of oil. Libyan Dinar is among the top 10 strongest currencies in Africa.

2. Tunisian Dinar (TND) – Tunisia – 1 TND = 0.35 USD

The Tunisian Dinar was introduced in 1958, shortly after Tunisia gained independence from France. The currency has remained relatively stable over the years, thanks to the country’s strong economic policies. Tunisian Dinar is among the top 10 strongest currencies in Africa.

3. Ghanaian Cedi (GHS) – Ghana – 1 GHS = 0.16 USD

The Ghanaian Cedi was introduced in 2007, replacing the old Ghanaian cedi at a rate of 1:10,000. The currency has remained relatively stable over the years, thanks to Ghana’s strong economic policies. Ghanaian Cedi is among the top 10 strongest currencies in Africa.

4. Moroccan Dirham (MAD) – Morocco – 1 MAD = 0.11 USD

The Moroccan Dirham was first introduced in 1882, during Morocco’s French protectorate period. The currency has been relatively stable over the years, although it experienced some fluctuations during the global financial crisis of 2008. Moroccan Dirham is among the top 10 strongest currencies in Africa.

5. Seychelles Rupee (SCR) – Seychelles – 1 SCR = 0.07 USD

The Seychelles Rupee was introduced in 1914, during the country’s colonial period under Britain. The currency has remained relatively stable over the years, thanks to the country’s booming tourism industry. Seychelles Rupee is among the top 10 strongest currencies in Africa.

6. Botswana Pula (BWP) – Botswana – 1 BWP = 0.07 USD

The Botswana Pula was introduced in 1976, replacing the South African Rand. The currency has remained relatively stable over the years, thanks to Botswana’s strong and diversified economy. Botswana Pula is among the top 10 strongest currencies in Africa.

7. Eritrean Nakfa (ERN) – Eritrea – 1 ERN = 0.06 USD

The Eritrean Nakfa was introduced in 1997, shortly after Eritrea gained independence from Ethiopia. The currency has remained relatively stable over the years, although it is not widely traded outside of the country due to government restrictions.

The Eritrean economy is heavily dependent on exports of minerals and agricultural products. Eritrean Nakfa is among the top 10 strongest currencies in Africa.

8. South African Rand (ZAR) – South Africa – 1 ZAR = 0.05 USD

The South African Rand was introduced in 1961, shortly after South Africa gained independence from Britain. The currency has experienced some fluctuations over the years, but remains one of the strongest currencies in Africa. South African Rand is among the top 10 strongest currencies in Africa.

9. Zambian Kwacha (ZMW) – Zambia – 1 ZMW = 0.05 USD

The Zambian Kwacha was first introduced in 1968, replacing the Zambian pound. The currency has experienced some fluctuations over the years, but remains one of the strongest currencies in Africa. Zambian Kwacha is among the top 10 strongest currencies in Africa.

10. Egyptian Pound (EGP) – Egypt 1 EGP = 0.03 USD

The Egyptian Pound was first introduced in 1834, during Egypt’s Ottoman period. The currency has experienced some fluctuations over the years, but remains one of the strongest currencies in Africa. Egyptian Pound is among the top 10 strongest currencies in Africa. There is also another list which explains the exchange rate of each currencies. You can also see list of weakest currencies in Africa.

Previous Post

Lexie Hull Net Worth, Basketball Career, Early Life

Next Post

Ashionye Michelle Raccah Biography, Net Worth, Age, Number