African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange.
This started to change from the 17th century as European colonial powers introduced their own monetary system into the countries they invaded.
Since the advent of legal tender in the form of paper or polymer notes and ditching the old trade by barter system, currencies have continued to remain a fundamental factor in analyzing the strength of the economies of nations across the globe. Here is the current list of top 10 highest currencies in Africa,
1. Libyan Dinar (1 USD – 0.77 LYD)
Libyan dinar is known for its vast deposit of crude oil, which accounts for 95% of the nation’s total export earnings and 60% of its GDP. Libya sits at the top with the most stable currency in Africa. The country was made quite famous by its late leader Muammar Gaddafi. Although ravaged by war, its standard of living is not as bad as the oil sector. Compared to Nigeria, the continent’s largest economy, One Libyan Dinar goes for about a staggering N225.
2. Tunisian Dinar (1USD – 2.3 TND)
The Tunisian comes second after the Libyan Dinar. This North African nation has a diversified economy based on phosphate, oil, car parts manufacturing, tourism, and agro-food products. The country is an island with a 99% of inhabitants being Muslims. The average living standard here is relatively on the prime side with a high minimum wage. The economy is rock stable, thriving and with a small populace. More interestingly is its unemployment rate is stooping so low at 14%.
3. Ghanaian Cedes (1USD – 4.75 CEDI)
Ghana has a stable diversified economy rich in hydrocarbon, tourism, solid minerals, and automobiles among and many more. Its economy rose to prominence in the days of the gold boom and the cocoa era. The booming economy has steadied its currency and made it a promising nation in the globally. Ghana was ranked the fastest developing country in the world.
4. Sudanese Pound (1 USD – 6.41 SDG)
The Sudanese pound is one of the highest currency in Africa. Sudan has gone through a series of wars and divisions but manages to maintain a stable currency exchange rate. Sudan’s economy is yet still afloat despite the split that saw South Sudan gaining their independence. Sudan is seen in at the top due to its consistency in the foreign exchange market over time. To a Nigerian a Sudanese pounds is equal to N47.63.
5. Moroccan Diharm (1 USD – 16.2 Mad)
The conservative Islamic caliphate still in North Africa has the 5th largest economy in the continent and also the 5th highest currency in Africa it. It runs a liberal and a capitalist economy gaining major control over the economy. Some of its industries include mining, tourism, automobiles, construction, and textiles. A flourishing economy that has made its GDP stand at an impressive $148.1 billion. 1 Mad equates to about N33.
6. Botswana Pula (1 USD – 10.7 Pula)
Botswana is a landlocked state in Southern Africa with a well-defined landscape defined by the Kalahari Desert. It holds a record for retaining one of the world’s longest economic boom streak. The economic growth rate of Botswana is fast-paced and fairly consistent. Its economy depends on agriculture, copper, diamonds, textiles, and livestock. This South African nation is a major key player in the economy of its sub-region and it houses the South African development community corporate headquarters.
7. Zambian Kwacha (1 USD – 10.0 ZMK)
Zambia prides itself as the largest producer of copper in the continent before its neighbors, the Democratic Republic of Congo eyed the title with green eyes and used it. It is a landlocked of rugged terrain and diverse wildlife. Zambian’s economy has always been anchored on copper which is it’s a major source of export earnings. Although the country has been characterized by economic woes and fluctuations in it’s a price of commodities, it still finds itself on the top 10 list.
8. South African Rand (1 USD – 13.4 Rand)
It is the currency used in South Africa. It is the most developed democratic state in the African continent. South Africa has the second largest economy in Africa, trailing behind Nigeria. It has a very vibrant and competitive economy and is the only African member of the G-20 economic group. Its economy is diversified, comprising of mining (41% gold in the world and 90% platinum), automobiles assembly, textiles, agriculture, gold, fertilizer.
9. Eritrean Nafka (1 USD – 15.0 ERN)
Eritrean is an island nation in Africa, a remote country in the horn of Africa is quite small in economy, land area and population, its currency is Nafka. After parting ways with Ethiopia, it still shares the same currency with the old nation. Eritrea has a stable currency from a not too lively economy.
10. Egyptian Pounds (1 USD – 17.8 EGP)
Egypt is a famous Arab nation that as existence since the biblical times. Well known for its civilization and home to the ancient pyramids. The nation is Africa’s third largest economy and one of the most developed in the continent. Its capital Cairo is the second largest city in Africa. Cairo is an economic and industrial hub, bustling with various activities.
Source : thenationnewspaper
Pls SUBSCRIBE below to our mailing list to get fresh updates on money making and inspiring articles.
Hello there! Do you use Twitter? I’d like to folplow you if that would be ok.
I’m absolutely enjoying your blog and look forward to nnew posts.
Yes. You can follow me @money24712
I got this web site from my buddy who informed me regarding this site and at the moment this
time I amm browsing this web site and reading very informative articles or eviews at this place.
Excellent blog you have here but I was wondering if you knew of aany community forums that cover the same topics talked about in this article?
I’d really like to be a part of communijty where I can get
feed-back froim other experienced individuals that share the same interest.
If you have any suggestions, please let me know. Cheers!
Hey! I just wanted to ask if you everr have any problems
with hackers? My last blog (wordpress) was hacked and I ended upp losing
many months of hard work due to no data backup.
Do you have any solutions to stop hackers?
No. I recommend you use akismet plugin, jetpack plugin and any security plugin to protect your blog
Hiya! Quicck question that’s completely off topic. Do you know
how to make your site mobile friendly? My webb site lkoks weird when browsing from my iphone4.
I’m trying to find a theeme or plugin that might bbe ablee to correct
this issue. If you have any recommendations, please share.
Cheers!
I think it depends on the theme you are using. For instance, am using ‘hueman’ theme and think is mobile friendly. But one issue about my theme is that it doesn’t post a featured image from my post to Facebook page. That is what am trying to correct. So try to experiment with themes, ask online and try the suggestion given
This is really interesting, You’re a very skilled blogger.
I have joined your feed and look forward to seeking
morre of your wondderful post. Also, I have shared your site in my
social networks!
I would like to thank you for the efforts you havve put inn writing this blog.
I’m hoping to view the same high-grade content by you in the future as
well. In fact, your creative writing abilities
has encouraged me to get my very own blog now 😉
You are so awesome! I don’t believe I’ve truly read anything like that before.
So good to find someone with unique thoubhts on this subject.
Seriously.. thanks for starting this up. This web site is one thing that is required on the web, soneone with a
bit of originality!
This is the right blog for everyone who wants to find out about this topic.
You know so much itts almost tough to argue with you (not that I
really would want to…HaHa). You certainly put a new spin on a topic that haas been discjssed for a long time.
Excellent stuff, just great!
I’m really impressed with your writing abilities and also with the format in your blog.
Is that this a paid tipic or did you customize
it your self? Either way stay up the excellent quality writing, it is rare to look a nice blog like this one these days..
I am not sure where you’re getting your info, but good topic.
I needs too spend some time learning more or understanding more.
Thanks for wonderful information I was looking for this information for my mission.
Hi there, yeah this piexe of writing is genuinely pleasant
andd I have learned lot of things from it concerning blogging.
thanks.
Hi it’s me, I am also visiting this site regularly, this web site is in fact good and thhe visitors are really
sharing nice thoughts.
hello!,I love yyour writing very so much!
share we communicate extra approximately your post on AOL?
I require a sspecialist in this space to unravel my problem.
May be that is you! Having a look ahead to peer you.
Pretty element of content. I simply stumbled
upon your website and in accession capital tto say that I
get in fact loved account yoyr weblog posts. Anyway I’ll be subscribing
for yoir augment or even I success you access persistently fast.
This is my first time visit at here and i am actually pleassant too read alll at alone place.
Hi just wanted to give you a brief heads up and let you know a few of the pictures aren’t loading properly.
I’m not sure why but I think its a linking issue.
I’ve tried it in two different browsers and both show the same outcome.
I love your blog.. very nice colors & theme. Did you make this website yourdself orr did
yyou hire someone to do it for you? Plz answer back as I’m looking to create
my own blog and would like to find out where u goot this from.
thanks a lot
Currently, am using ‘vmag’ theme
Currently it sounds like Movable Type is the topp blogging platform out there right
now. (from what I’ve read) Is that what you aree using on your
blog?
Hi there, yess this paragraph iss genuinely good and I have earned lot of things from it concwrning blogging.
thanks.
Its like you read my mind!
You seem to know so much approximately this, like you wrote the book in it or something.
I feel that you simply can do with some p.
c. to drive the message house
a little bit, but instead of that, this is
excellent
blog. A great read.
I?ll certainly be back.|
I visited various sites except the audio quality for audio songs existing at this web site is truly wonderful.|
Howdy, i read your blog from time to time and i own a similar one and i was just wondering if you get a lot of
spam remarks? If so how do you stop it, any plugin or anything you can suggest?
I get so much lately it?s driving me insane so any support is
very much appreciated.|
Greetings! Very helpful advice within this post!
It is the little changes which will make the most important changes.
Thanks for sharing!|
I seriously love your site.. Great colors & theme.
Did you develop this web site yourself? Please reply back
as I?m trying to create my own site and want to
know where you got this from or just what the theme
is named. Thank you! https://www.entreprisesjosemelo.ca
Hi, I do think this is a great blog. I stumbledupon it 😉 I may come back once again sinhce I saved as a favorite it.
Money and freedom is the greatest way to change, may you bee rich aand continue tto guide others.
Thank you for every other fantastic post. Where else may just anybody get that type of info in such
an ideal manner of writing? I’ve a presentation subsequent week, and I’m onn the search for
such information.
Thanks for your marvelous posting! I seriously enjoyed reading it,
youu happen to be a great author.I will always bookmark your blog and will
eventually come back from now on. I want to encourage yyou to definitely continue your great work,
have a nice evening!
This paragraph gives clear idea in favor of the new visitors of blogging,
thbat truly how to doo running a blog.
Having read this I believed it was rather enlightening.
I appreciate yyou spendfing some time and energy too put this content together.
I once again find myself personally spending
a significant amout off time both reading and leaving comments.
Butt so what, it was still worthwhile!
Hi, Neat post. There is a problem with your site inn internet explorer,
could check this? IE still is the marketplace chief and a hige podtion oof other people will paws over
your fanntastic writing due to this problem.
Hello! Do you uuse Twitter? I’d like to follow you if that would be okay.
I’mabsolutely enjoying your blog and look forward to new posts.
Hey there! This post could not be written any better!
Reading through this post reminds me of my old room mate!
He always kept chatting about this. I will forward tthis post to him.
Pretty sure he will have a good read. Thanks for
sharing!
Its such as you learn my mind! You seem to know so much about this, such as you wrote the ebook in it or something.
I think that you just can do with a few percent to ppressure the
message house a little bit, however ogher thaan that,this is wonderful blog.
A great read. I’ll certainly be back.
Greate post. Keepp writing such kind of info on your site.
Im really impressed by it.
Hello there, You have performed an excellent job.
I will certainly digg it and for my part suggest to my friends.
I’m sure they will be benefited from this site.
A fascinating discussion is worth comment.
I do believe that you need to write more on this topic, it mighnt not be a taboo matter bbut generally people doo
not discuss such subjects. To the next! Kind regards!!
merely smell generic viagra 100mg regularly cry aside account [url=http://viagenupi.com/]generic viagra sales[/url] completely sea extra
search http://viagenupi.com/ fully patient http://viagenupi.com/
Heyy there! Do you know if they make any plugins to protect against hackers?
I’m kinda paranoid about losing everything I’ve woroed hard on. Any tips?
These are truly impressive ideas iin concerning blogging.
Yoou have touched some good points here. Anny way keep upp wrinting.
Hello, yes this post is in fact good and I have learned lot of things from it on the topic of blogging.
thanks.
Pretty! This has been an extremely wonderful post.
Thanks foor providing this information.