Friday, June 16, 2017

Here are the Top 10 Strongest Currencies in Africa

Africa has a couple of strong currencies that are used as a medium of exchange in markets across the continent as explained here.

1. Libyan Dinar.
Libya is known for it vast deposit of crude oil. Currency of Libya, the Libyan Dinar is the strongest currency in Africa.
 One (1) Libyan Dinar when compared with the US dollar, one dollar is equivalent to 1.4116 Libyan dinars.
2. Tunisia Dinar.
The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa.  The exchange rate of this currency to the dollar is 1 US dollar to 2.2814 Tunisian dinars.
3. Ghanaians Cedis.
 This third position has earned the Ghana cedis the status of the strongest currency in West Africa.
Also, many years back, their situation could not even be compared to what is obtainable in some countries like giant Nigeria but as we have it today, comparing it with the dollar, it is approximately 4 Ghanaian cedis  to one U.S dollar.
4. Sudanese Pounds.
The Sudanese Pounds is the currency of Sudan, it is one of the highest currency in Africa. About 6 Sudanese pounds is equal to one United States dollar. 
5. Moroccan Dirham.
This is also one of the strongest currencies in Africa. About 9 Moroccan Dirham is exchanged for one dollar.
6. Botswana Pula.
10.8 Botswana Pula is exchanged for one dollar.
7. South African Rand.
This should have been up the ladder, but the currency is gradually losing it value. Against the dollar, 14 South African Rand equals one dollars.
8. Egyptian Pounds.
It exchange rate to the United States dollar is 15.4 Egyptian pounds to 1 USD.
9. Eritrean Nakfa.
Eritrea, an island country of Africa. Their currency is one of the currency that is very strong. The exchange rate of this currency to the dollar is 15.5 Eritrean Nakfa equals one USD.

10. Zambian Kwacha.
Zambian Kwacha, currency of Zambia is also one of the highest currency in Africa . 1 USD = 9.84 Zambian kwacha.

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