Similarly, some African countries have more than one official currency.
It has a very weak economy which doesn’t seem to get better any sooner.This is the official currency of Guinea, a small country on the Western coast of Africa. So, for many nations that made this list, there is high tendency such nation do more of exportation and at every means reduce the level of their importation of goods and services.
1 US Dollar = 3,833.01 Colombian Peso Currency code = COP #12. For every nation that maintains a strong economy and international investment, this is part of the secrets such a nation operates with.For many nations that dwell more on importations of good, such nation promotes the currency value of such nation they patronize their products.
But in this write-up, we will be limiting the scope to the strongest currencies in Africa nations contemporaries. It is also one of the fast-growing currency on the shore of Africa.When you talk about currency, the beauty of any currency you have I your hands or purse is the value of such currency, there have been situations where certain individuals have a lot of money in their purse yet such money cannot buy a bottle of coke, not because the money is not exchangeable with a bottle of coke rather the value of such money is not equivalent to the set price of such. The value of this currency has depleted by hundred 100% in the past five years. Zambian Kwacha; 1 ZMW – 0.054 USD. This currency has a code of Dirham. The standard of living of her citizen is beyond good, her citizens have a good standard of living, have a good pay which is the best minimum wage so far, the population of this nation is not that much.
Zimbabwe takes the title for the country with the most official currencies, however. 1 US Dollar = 2,315.7 Tanzanian Shilling Currency code = TZS #13. This list of currencies with their values is based on the exchange rates against the US dollar. Although the country is believed to be economically stable, the currency here has a low exchange rate and hence it has made its place on this list.This is the currency used in the country of Sao Tome and Principe. This currency has once been the leading currency in the shore of Africa, and it has been competitively favorable in the market ecosystem, not until recently that the nation moves down to the 6th position on the list of the strongest currencies in Africa. Due to the highest poverty rates, inflation and political instability being faced by the country, its official currency is continuously losing its value making it the eighth cheapest valued currency unit in the world. April 2, 2019 orange. Libya in Africa has the most stable economy, although this has little effect on the standard of living of he left citizens due to constant plumber of war on her shore. The country suffers an economic downturn due to various factors such as unemployment, low-quality education, etc. The code of this currency is R. and when it comes to exchanging rate, 1 US Dollars is equivalent to $4.71 Ghana Cedi.On the 4th position of this nation, currencies are the Dirham of Moroccan. It’s the currency of the country in Northeast Africa, Sudan. Top 10 Weakest Currencies in the World with Lowest Value. The currency code for this nation is LYD, and in exchange terms, one LYD is equivalent to $1 US dollars.To stress more, the giant of Africa currency cannot be compared to the value DINAR of Libya is holding, 1 DINAR goes for a huge sum of about #261.19naira of Nigeria currency, what does this imply? Seychelles is a small island country on the west coast of Africa. The country has a population of just over 95,000 people. Definition? The country had been using the Russian Ruble even after its independence from the USSR. Zambian Kwacha . So, this list is from the world ranking body, but we are here to write more on each nation that was opportune to be on this list. This currency has the code of Pula. One of the reasons for this is the fact that foreign currency (US Dollar) was more popular among the locals in Cambodia.This is the national currency of Paraguay, a country in the continent of South America. One of the poorest countries in the world, Sierra Leone has suffered war and epidemics. It is one of the Africa countries that was slit from Ethiopia in the year 1990’s. A promising currency seek to pull the hands of international currency towards the home nationMany nations today found their currency fighting and dwelling the battle of devaluation as a result of debt that was incurred by past or existing governments. Malagasy Ariary. One United States dollar is worth 7.01 SDG. Burundi, a country located in East Africa is one of the poorest countries in the world.