Top 5 Currencies in Africa
5. Botswana Pula
Botswana Pula is abbreviated ( BW). It serves as an attractive currency because traders trade it on the Johannesburg Stock Exchange, which is the largest Stock Exchange in Africa. 1 US Dollar = 10. 90 Pula. 1 Pula = 33. 79 Nigerian Naira.
4. Moroccan Dirham
The Moroccan currency(Dirham) has the de-facto medium of exchange in Western Sahara region. Its de-facto state makes it one of the strongest currencies in Africa. 1 US Dollar = 9.89 Moroccan Dirham. 1 Moroccan Dirham= 42. 34 Nigerian Naira.
3. Ghanaian Cedi
Ghanaian currency holds the number 3 spot in Africa despite all the changes made to it. In 2007, the currency was replaced by Cedi and ever since the GDP of the country has improved drastically. 1 US Dollar= GH ¢5.49. 1 Ghanaian Cedi= 66.97 Nigerian Naira
2. Tunisian Dinar
This is the currency of the Tunisians. It is abbreviated DT. The country’s monetary policy to export or import Dinars or convert them to other currencies has enabled the Dinar to be among the highest in the continent. 1 US dollar= 2. 87 Tunisian Dinar 1 Tunisian Dinar= 142.06 Nigerian Naira
1. Libyan Dinar
The Libyan Dinar is the strongest money in Africa. In Libya, the central bank of Libya has a programme that only sells a limited number of dollars to its citizens. 1 US Dollar= 1.41 Libyan Dinar. 1 Libyan Dinar= 283. 58 Nigerian Naira
Going through the list makes me wonder when the Nigerian currency will make it to the list or chart of the strong.