Newsmediang.
Many people are familiar with some African currencies, but not everyone knows the worth of these notes. On the basis of this, Legit.ng brings you top 7 countries with the most valuable currency in Africa.
Below is the list of top 10 countries with the most valuable currencies in Africa.
1. Libyan Dinar
The Libyan Dinar is the most valuable currency in Africa. 1. Libyan Dinar (1 USD – 1.43 LYD).
Libya is known for its huge deposit of crude oil, which accounts for 95% of the nation’s total export earnings and 60% of her GDP.
2. Tunisian Dinar
This is the second most valuable currency the continent of Africa has produced. Tunisian Dinar (1USD – 2.90 TND). Libya is a country in North Africa.
The Tunisian Dinar comes right after the Libyan Dinar. The country is an island with the majority of her inhabitants being Muslims. The economy is relatively stable, and thriving.
3. Ghanaian Cedi (1USD – 5.75 CEDI)
Ghana is a country that has consistently worked on its currency to give it enough value. The Ghanaian Cedi (1USD – 5.75 CEDI).
Ghana has a stable, diversified economy known for thriving on revenues generated from hydrocarbon, tourism, solid minerals, automobiles, and so on… Her economy rose to prominence in the days of the gold boom and the cocoa era.
4. Moroccan Dirham
Moroccan Dirham is trailing Ghanaian Cedi. (1 USD – 9.87 Mad). Morocco can be found in North Africa.
. Moroccan Dirham (1 USD – 9.87 Mad) Morocco, the Islamic caliphate in North Africa. It runs a liberal and capitalist economy gaining major control over the economy. Some of her industries include mining, tourism, automobiles, construction, and textiles.
5. Botswana Pula
Botswana has the fifth most valuable currency in Africa. (1 USD – 11.86 Pula). The country, which is in Southern Africa, has a population of 2.3 million people, according to its 2019 census.
. Botswana Pula (1 USD – 11.86 Pula) The economic growth rate of Botswana is fast-paced and fairly consistent. For the record, Botswana is a landlocked state in Southern Africa with a well-defined landscape defined by the Kalahari Desert.
6. Eritrean Nafka
Eritrean Nafka is the sixth most valuable currency in Africa. (1 USD – 15.00 ERN).
Eritrean is quite small in economy, the land area and population is also small. Her currency is Nafka. After parting ways with Ethiopia, she still shares the same currency with the nation.
7. Egyptian Pounds
The Egyptian Pounds comes seventh in the list of top 7 countries with the most valuable currencies. (1 USD – 15.75 EGP).
Egypt is a famous nation and it is known for it wealth and pyramids. The Egyptian pound is divided into 100 piastres, or ersh, or 1,000 milliemes. The Egyptian pound is frequently abbreviated as LE or L.E.
