Africa’s Strongest Currencies reflects that Africa has some of the strongest currencies in the world! Below is a list of Africa’s Top 10 Strongest Currencies when compared to the United States Of America dollar. There are some pleasant surprises like Libya which is currently a fragile state but out performing many of the biggest economies in Africa. Major economies such as Nigeria and Kenya do not make the list.
Here are Africa’s Top 10 Strongest Currencies
Libya – USD/LD 1,40
The dinar is the currency of Libya. Its ISO 4217 code is “LYD”. The dinar is subdivided into 1000 dirham. It was introduced in September 1971 and replaced the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit.
Tunisia Dinar – USD/ Dinar D2,89
The Tunisian Dinar is the currency of Tunisia. Our currency rankings show that the most popular Tunisia Dinar exchange rate is the EUR to TND rate. The currency code for Dinars is TND. Below, you’ll find Tunisian Dinar rates and a currency converter.
Ghana Cede – USD /Cede C5,44
The Ghanaian cedi is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into one hundred pesewas
Botswana Pula – USD/Pula P10,66
The pula is the currency of Botswana. It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means “rain” in Setswana, because rain is very scarce in Botswana — home to much of the Kalahari Desert — and therefore valuable and a blessing. The word also serves as the national motto of the country.
Zambian Kwacha – USD/Kwacha K12,81
The kwacha is the currency of Zambia. It is subdivided into 100 ngwee.
South African Rand – USD /Rand R14,18
The rand is the official currency of South Africa. The rand is subdivided into 100 cents. The ISO 4217 code is ZAR, from Zuid-Afrikaanse rand; the ZA is a historical relic from Dutch and is not used in any current context except the country abbreviation, where it is used because “SA” is allocated to Saudi Arabia.
Swaziland lilangeni – USD /Lilangeni R14,18
The lilangeni is the currency of Eswatini and is subdivided into 100 cents. It is issued by the Central Bank of Eswatini. The South African rand is also accepted in the country
Lesotho Loti – USD /Loti L14,18
The Loti is the currency of the Kingdom of Lesotho. It is subdivided into 100 Lisente. It is pegged to the South African rand on a 1:1 basis through the Common Monetary Area, and both are accepted as legal tender within Lesotho. The loti was first issued in 1966, albeit as a non-circulating currency.
Namibian Dollar – USD /Dollar D14,18
The Namibian dollar symbol: $; code: NAD; has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.
Egyptian Pound – USD/Pound P16,62
The Egyptian pound is the currency of Egypt. It is divided into 100 piastres, or ersh, or 1,000 milliemes. The Egyptian pound is frequently abbreviated as LE or L.E., which stands for livre égyptienne. E£ and £E are commonly used on the internet.