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List of 20 Highest Currencies in Africa 2021

As African countries achieved independence during the 20th century, some retained the new denominations that had been introduced, though others renamed their currencies for various reasons. Today, inflation often creates a demand for more stable (but forbidden) foreign currency, while in rural areas the original bartering system is still in widespread usage. As of 1 March 2019, the Libyan dinar (LYD) has the strongest currency in Africa. Top 10 Strongest currencies in Africa 2021

Pre-colonial era

In pre-colonial times, many objects were sometimes used as currency in Africa. These included shells, ingots, gold (gold dust and gold coins (the Asante)), arrowheads, iron, salt, cattle, goats, blankets, axes, beads, and many others. In the early 19th century a slave could be bought in West Africa with manilla currency; multiples of X-shaped rings of bronze or other metal that could be strung on a staff. Top 10 weakest currencies in Africa 2021

Colonial era

During colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. These included the Somali shilling; the Italian East African lira; and the African franc (in Francophone countries). Many post-colonial governments have retained the name and notional value unit system of their prior colonial era currency. For example, the British West African pound was replaced by the Nigerian pound, which was divided into shillings, before being replaced by the naira.

Modern day

A different trend was seen when the predominant foreign power relationship changed, causing a change in the currency: the East African rupee (from long-term trade with Arabia and India) was replaced by the East African shilling after the British became the predominant power in the region. Other countries threw off the dominant currency of a neighbour: the Botswana pula replaced the South African rand in Botswana in 1976. Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling.

List of 20 Highest Currencies in Africa 2021

  1. Tunisian Dinar (1 USD = DT 2.80)
  2. Libyan Dinar (1 USD = LD 4.53)
  3. Ghanaian Cedi (1 USD = GH₵ 6.04)
  4. Moroccan Dirham (1 USD = MAD 9.00)
  5. Botswana Pula (1 USD = P 11.25)
  6. Seychellois Rupee (1 USD =SR 13.62)
  7. South African Rand (1 USD = R 14.98)
  8. Eritrean Nakfa (1 USD = Nfk 15.00)
  9. Egyptian Pound (1 USD = E£ 15.70)
  10. Zambian Kwacha (1 USD = ZK 16.60)
  11. Sao Tomean Dobra (1 USD = Db 20.95)
  12. Mauritanian Ouguiya (1 USD = UM 36)
  13. Ethiopian Birr (1 USD = Br 46.03)
  14. Mauritian Rupee (1 USD = Rs 42.75)
  15. Gambian Dalasi (1 USD = D 51.50)
  16. Mozambican Metical (1 USD = MT 63.83)
  17. Cape Verdean Escudo (1 USD = Esc 94.30)
  18. Kenyan Shilling (1 USD = Ksh. 110.40)
  19. Algerian Dinar (1 USD = DA 136.93)
  20. Sudanese Pound (1 USD = SD 441.50)

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