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Strongest Currencies In Africa Against The US Dollar. / The 10 Strongest Currencies In The World / Top 7 Strongest Currencies In Africa - October 1, 2017 (2) (3) (4)
Which Are The Africa's Strongest Currencies? by Ancecoker(m): 7:49pm On Sep 06, 2021 |
Below are the top 10 strongest African currencies compared to the US dollar. 1. Libyan Dinar (1 USD = LD 1.41) The Libyan Dinar has maintained its solid position for quite many years as the strongest currency as compared to the dollar. Despite the ongoing conflict after the toppling of the longtime ruler Muammar Gaddafi, the North African country has maintained a low turnover of its currency to the US dollar. 2. Tunisian Dinar (1 USD = DT 2.87) Another north African country is on spot for taking up position two. Despite the recent Covid-19 demonstrations and a struggling economy, Tunisia has shown quite some resistance to the US dollar. Tunisia also enjoys very formidable import and export policies with its conversions being static and cautioned through its stiff regulations. 3. Ghanaian Cedi (1 USD = GH 5.49) Ghanaian currency is the leading within the sub-Sahara Africa but still appears in position three after Libya's Dinar and Tunisia's Dinar. Touted as the beacon of democracy in Africa, the Ghanaian Cedi enjoys a greater GDP per capita which is the largest in West Africa. 4. Moroccan Dirham (1 USD = MAD 9.20) Morocco has in many years pegged its currency at 60% to the Euro and 40% to the USD. Morocco also enjoys doing direct trade with various European nations given its closeness to Europe. 5. Botswana Pula (1 USD = P 11.6) The strength of the Pula is a result of the country’s exemplary economy and political structure. 6. Zambian Kwacha (1 USD = ZK 13.4) Zambia is the leading copper producer in Africa and its currency largely depends on global copper prices. 7. Seychellois Rupee (1 USD = SR 13.64) Described as a haven of luxury tourism, Seychelles has a very strict monetary policy that has seen its currency strengthened. With its low population of over 100,OOO people have also played part in boosting its GDP. 8. South African Rand (1 USD = R 14.87) Africa's leading gold producer, South Africa, heavily relies on the commodity to boost its economy. Other southern African countries like Malawi even peg their economies to the Rand. 9. Eritrean Nakfa (1 USD = NFK 15.00) The north African country has a fixed exchange rate that protects its currency from devaluation. This has also been boosted when it recently amended ties with its former bitter rival, Ethiopia, opening up trade between the two countries. 10. Egyptian Pound (1 USD = E£ 15.86) Egypt has implemented a series of tough economic measures, including devaluing the pound, slashing energy subsidies and introducing a value-added tax, to help meet conditions of a $12 billion IMF loan. Despite this, the state introduced interest rates to attract domestic and foreign investments. This has seen its currency steady over time. https://www.google.com/amp/s/www.africanews.com/amp/2021/07/26/which-are-the-africa-s-strongest-currencies/ 1 Like 2 Shares |
Re: Which Are The Africa's Strongest Currencies? by ozome15(m): 7:58pm On Sep 06, 2021 |
Hahahah nigeria is deaded. |
Re: Which Are The Africa's Strongest Currencies? by Saynoomore: 7:58pm On Sep 06, 2021 |
You mean that, even after moving decimal places, Ghanian cedi is not exchanging at 1:1 SMH! |
Re: Which Are The Africa's Strongest Currencies? by Snitch24(m): 8:00pm On Sep 06, 2021 |
Omoh see the gap Watin dey butsuwana abeg Chaii |
Re: Which Are The Africa's Strongest Currencies? by Visocrate(m): 8:26pm On Sep 06, 2021 |
Where is giant of Africa sorry giant of banditry, kidnappings and corruption. |
Re: Which Are The Africa's Strongest Currencies? by OBTMOS(m): 9:01pm On Sep 06, 2021 |
Mehn! Nigeria’s leaders have finished us |
Re: Which Are The Africa's Strongest Currencies? by Nobody: 9:37pm On Sep 06, 2021 |
Finished country 1 Like 1 Share |
Re: Which Are The Africa's Strongest Currencies? by Nobody: 4:06am On Sep 07, 2021 |
So this is Real? |
Re: Which Are The Africa's Strongest Currencies? by Salt06(m): 8:44am On Sep 07, 2021 |
Nigeria my country |
Re: Which Are The Africa's Strongest Currencies? by Teacher1776(m): 8:53am On Sep 07, 2021 |
Snitch24:Good governance. Period. |
Re: Which Are The Africa's Strongest Currencies? by Premiumwriter2: 9:21am On Sep 07, 2021 |
I would have been disappointed if naira made this list. |
Re: Which Are The Africa's Strongest Currencies? by Ancecoker(m): 9:28am On Sep 07, 2021 |
Nigeria is not look gooding at all |
Re: Which Are The Africa's Strongest Currencies? by ebenezary(m): 9:45am On Sep 07, 2021 |
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Re: Which Are The Africa's Strongest Currencies? by ANTIGAY(m): 11:01am On Sep 07, 2021 |
SEUNMSG MONOGAMY CILICMARIN VAUGHANLANREWAJ JULIUSMALEMA ARREWA AHIBOILANDGAS THEBOSSTREVOR1 NLPOLICEWOMAN |
Re: Which Are The Africa's Strongest Currencies? by HolySpiritFire(f): 11:11am On Sep 07, 2021 |
Nigeria our country, indeed there was a country. |
Re: Which Are The Africa's Strongest Currencies? by PARADIZEPRIEST: 12:39pm On Sep 07, 2021 |
NIGERIA NO DEAD,NA UNA STUPID DUBAI AND CHINA GOERS DEY CAUSE AM. CHANGING NAIRA AT ALL COST TO IMPORT NONSENSE LUXURY GOODS LIKE LACE AND ALL SORTS OF RUBBISH JEWERIES ,TOKUNBO MOTORS/LUXURY FURNITURES FLOODING INTO NAIJA. UNA NO GET SENSE NAIJA PPL ALWAYS SABOTAGING YOUR ECONOMY AND CAUSIN YA NATION FOR NOTHIN.FOOOLS! |
Re: Which Are The Africa's Strongest Currencies? by Ancecoker(m): 10:21pm On Sep 07, 2021 |
PARADIZEPRIEST: E be like say pepe dey your hand... If not you no go dey analyse wetin nor dey... Wetin Nigeria dey suffer now ehhn... Some people don chop the money 25years ago... |
Re: Which Are The Africa's Strongest Currencies? by Ancecoker(m): 7:59pm On Sep 09, 2021 |
How I wish Nigeria can start again |
Re: Which Are The Africa's Strongest Currencies? by Nobody: 11:03pm On Sep 09, 2021 |
The cedi exchange rate is artificial and doesn’t reflect the true Ghanaian economic reality. At least our naira against dollar rates explicitly tells the Nigerian Story! |
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