It is not enough to have a nice-looking currency in today’s world. The play of economic concepts both on the local and international scenes lead to strong or weak currencies and some African currencies have shown this in 2019.

The strength of a currency is determined by a number of factors, including its supply and demand, market forces within the country, inflation and the foreign exchange market.

The United States dollar is considered one of the strongest currencies in the world and it’s, therefore, an appropriate benchmark with which to measure the strength of some African currencies.

In this article, we consider the strongest African currency in 2019.

1. The Libyan dinar


The Libyan dinar is the strongest currency in Africa based on its exchange rate to the US dollar and its purchasing power.

One US dollar currently exchanges for 1.38 Libyan dinars.

The Libyan dinar
The Libyan dinar

2. The Tunisian dinar

The Tunisian dinar is the second strongest currency in Africa.

One US dollar exchanges for 3.05 Tunisian dinar.

The Tunisian dinar
The Tunisian dinar

3. The Ghana cedis

Ghana is the only West African country to make it to this list of the top 8 countries with the strongest African currencies.

With 5.50 Ghana cedis for $1, it is the third strongest African currency.

The Ghana cedis

4. The Moroccan dinar

The Moroccan dinar is the currency of Morocco and the fourth on the list. It currently exchanges at 9.55 Moroccan dinar to $1.

SEE OTHERS: https://odinceblog.com/8-african-currencies-that-are-more-valuable-than-naira/

Naira is just a glorified tissue paper.

Nice post very educative...gone are the days where a naira was almost equal to a dollar...

Wait ooo Ghanian cedi?? Their money strong oo

Our lazy leaders may turn our currency name to Nigerian "diner" inteas of doing the right thing to improve believing the diner name to be the secrete of Egypt Tunisia etc.

I thought I will see naira on the list but I wasn't surprise.
That's what our leader has turned this country into

If we talk about revolution, some people will disagree cos of free money of Npower.

Advance slavery

...and we go open our gutter mouth dey form giant of africa.

E beta say na Buhari dey rule make we no talk say if APC had won GEJ den, one dollar 4 be one naira. E don clear us 4 eye.

See serious countries with important currencies.

Naira na glorified rizzler!

The kleptocrats like obj, Tinubu & their kinds are the parasite & termite that has devoured & still devouring this country. From 1973 to 80s 1$ was less 1#. It was 55-60kobo to 1$. Ghana cedi is now stronger than naira, what a shame.