List of African Countries with Strong Currency
When considering African Countries with Strong Currency factor, one might think Nigeria as giant of Africa will be part of the list.
Sadly Nigeria isn’t part of this great list of African Countries with Strong Currency.This articles shows the top African countries with the strongest currencies.
Nigeria is not among the countries with the strongest currencies in Africa and it may not be a surprise as neither are many of the oil-producing countries in Africa.
Without further ado, below is a list of African Countries with Strong Currency in no particular order.
1. Libyan Dinar
It worth R8.53. It is believe that the Libyan’s currency is very strong in Africa due to its oil deposit and exploration, which helps strengthen the currency. Here is a carefully written article on Top 10 Tourist Attractions Around the World.
2. Ghanaian cedi
The currency worth R3.79. Ghana is rich in gold.They a little or no crude oil. The Ashanti region of the country is where the gold are deposited. The currency got revalued a number of times and the latest revaluation occurred in 2007. Some believe this value may not last for long.
3. South African rand
The currency is still among the strongest currencies in Africa despite the face that it was devalued about 2 years ago.
4. Tunisian dinar
It worth R.6.65. According to statistics, the currency gains almost 20% appreciation against the South African currency, Rand this year.
5. Eritrean Nakfa
It is worths R1.01. Though Eritrea and Ethiopia have parted ways, the two of them still have currencies that have lots of similarities in value. Their currency is also as strong as that of South Africa. The Eritrean currency is pegged to the US dollar making it stronger.
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6. Sudanese pound
It is worths R1.85. The currency of the country was revalued after the colonial era. It had undergone a number of revaluation over time with the latest being in 2011. After south Sudan separated from north Sudan, their last revaluation took place. The strength of the currency tend to come about as a result of the revaluation.
7. Botswana pula
The currency is worth R1.20. For many years, the Pula had been a stronger currency compared to the Rand. This has been made possible by the political and economic structures of the country. Any have hailed the country’s kind of democracy as the best in Africa.
8. Moroccan Dirham
The currency is worth R1.29. This currency may be strong today, but it neither had nor always been like this. It was actually very weak sometimes ago, but the economic revival being put in place by the government is helping things out.
9. Zambina kwacha
Value of the currency is R1.7.5, In times past, the country was a colony of Northern Ehodesia.teh country sas rarely had any economic success. There was even a time when 1 USD exchanged for 5,120 Kwacha. The currency was taken through revaluation in January 2013 and that improves ion the value o the currency.
10. Egyptian pound
The currency of the Egyptians is the same as 1.50. The country is known for a number of political turmoil. Despite all that, the country has maintained their heads when the going was touch and they have keep their currency very strong and valuable.