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4 Most Valuable Currencies in Africa Currently (Pics)

 

There are more than 50 countries in Africa and each country has its own currency. The currencies of some African countries are stronger than that of others and this is the result of long-term stability in the value of those currencies as a result of intentional economic policies and reforms.

 

Below are the four most valuable currencies in Africa in 2022:

1. Tunisian Dinar

 

The Tunisian Dinar is the currency used by Tunisia and it is the strongest currency in Africa and one of the strongest in the world.

 

It has been a currency unit since 1964 and its exchange rate in the current market is 3.096 Tunisian Dinar to US$1.

Source: mataf.net currency converter

2. Libyan Dinar

 

The Libyan Dinar is the currency of Libya and it was introduced in 1951 after the African country’s independence from Italy.

 

The Libyan Dinar is the second strongest currency in Africa as it currently exchanges in the market at 4.84 LYD per U.S. Dollar.

Source: mataf.net currency converter

3. Ghanaian Cedi

 

The Ghanaian Cedi is one of the most stable currencies in the world. It is also the third most valuable currency in Africa.

 

Its value has increased exponentially since 2011 and the strength of the currency of the USD has contributed to the African country’s current account performance and foreign exchange reserves accumulation, which have risen to $43 billion. Currently, the Ghanaian Cedi exchanges at 8.046 GHC to one Dollar.

Source: mataf.net currency converter

4. Moroccan Dirham

The Moroccan Dirham had seen exponential growth since 2011 when King Mohammed VI came into power and introduced free-market reforms that have helped the African country maintain economic stability.

 

The Moroccan government is also heavily involved in the mining industry and has one of the largest phosphate reserves worldwide; Morocco exports most of its supply to China. The country ranks second for being a leading exporter of phosphates, uranium ore, and car parts. Currently, US$1 is equal to 10.17 Moroccan Dirham.

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