Newslex Point News in Uganda, Uganda news
Check also: This is What Will Happen When You Give Money To The Poor
The list includes some interesting inclusions as well as some surprising omissions. For example, the naira, the official currency of Nigeria, Africa’s largest economy and most populous country, did not make the list, while the dinar, the official currency of Libya, made the list despite the fact that the North African country has been embroiled in intense civil conflict in the last half decade.
Here are currencies with strongest value in Africa
-
SOUTH AFRICAN RAND ZAR (1$=14)
Alongside Nigeria, South Africa boasts one of the continent’s strongest economies; however, a sluggish global economy and a fall in commodity prices has hit the rand in recent times with its value declining against the dollar. It currently exchanges for 14 rand to every 1USD.
-
BOTSWANA PULA BWP (1$=10.8)
The pula is Botswana’s official currency, with $1 worth about 10.8 Botswanan pula. The Botswanan economy is often regarded as an African success story; the country enjoys one of the highest Human Development Indexes (HDI) on the continent. Government revenue is derived from mining, cattle ranching, and the service sector.
-
MOROCCAN DIRHAM MAD (1$=9.9)
Morocco boasts one of the strongest currencies in Africa, with $1 currently exchanging for about 9.9 Moroccan dirham. The economy is built around tourism, manufacturing, and agriculture.
Scroll down & go to the next page.
This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.
