Top 5: Most Effective & High Valued African Currencies
In the olden days, there was a time when humans had nothing as currency or had no concept of such a thing. As human population grew and tribes begun to establish as well as community, a need for things came forward, things that were not produced by only one tribe. A concept of trading then became the norm where people would trade goods for things. Slowly the concept of bartering became civility as individuals exchanged goods for things they had in excess and vice versa. Centuries ago, a concept of currencies began to form where things would be bought with an agreed standardized item. For years, salt and even potatoes were used as currencies by some communities. Later, precious minerals and metals became established currencies with gold, silver and brass being the most well-known.
Countries began to form, borders began to be introduced, languages were formed and then currencies for those nations were established with coins and specialized pieces of papers. Now-a-days these pieces of paper have the ability to control and dictate the quality of life. Certain papers however, have certain strengths depending on the economic well-being of nations. When we talk about strong currencies then often the Euro, US dollar and the sterling come to mind, as well some Middle Eastern currencies. African nations usually lag behind economic and purchasing power. Still, there are a few countries in the mostly impoverished continent that have done well for themselves. The top 5 African countries with strongest currencies are as follows.
Note: The figures and rankings maybe subject to change depending on the current exchange rates
Currently Libyan Dinar is the High valued currency bill in Africa
Q : Which African Country has the highest currency value?
- 1. Libyan Dinar (1 USD = 1.4 LYD)
- Tunisian Dinar (1 USD = 2.3 TND)
- Ghanaian Cedi (1 USD = 4.75 GHS)
- Sudanese Pound (1 USD = 6.41 SDG)
- Moroccan Dirham (1 USD = 16.2 EGP)
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