Strongest Currencies in Africa: Africa has a couple of strong currencies that are used as a medium of exchange in markets across the continent as explained here.
1. Libyan Dinar (1 USD = LD 1.41)
The Libyan Dinar has always been the strongest currency in Africa. It has been gaining its strength in recent times because of the strict monetary policy introduced by the country’s central bank.
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In Libya, the CBL has a programme that only sells a limited number of dollars to its citizens. Also, its strength has been increasing steadily after the reopening of the previously blockaded oil ports and fields. That raised the country’s dollar earnings for oil sales.
One (1) Libyan Dinar is equals to 64.02 Kenyan Shilling. When compared with the dollar, one dollar is equivalent to 1.4116 Libyan dinars.
2. Tunisian Dinar (1 USD = DT 2.87)
The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. When compared to the Kenyan Shilling, you will get 39.62 Kenyan Shilling exchanged for one Tunisian Dinar. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.8714 Tunisian dinars.
3. Ghanaian Cedi (1 USD = GH₵ 5.49)
Ghana is a west African country with a growing and well managed economy. This has earned them third spot with the Ghanaian cedis has the their highest currency in Africa.
One Ghanaian Cedis is equal to about 22.68 Kenyan Shilling. Comparing it with the dollar, it is approximately 4 Ghanaian cedis that’s one U.S dollar.
4. Sudanese Pound (1 USD = SD 45.06)
The Sudanese Pounds is the currency of Sudan, it is one of the highest currency in Africa but also one of the most volatile due to political instabilities.
5. Moroccan Dirham (1 USD = MAD 9.89)
This is also one of the strongest currencies in Africa, one Moroccan Dirham equals 8.90 Kenyan Shilling.
About 9 Moroccan Dirham is exchanged for one dollar.
6. Botswana Pula (1 USD = P 10.90)
Botswana Pula is worth 8.32 Kenyan Shilling.
10.8 Botswana Pula is exchanged for one dollar.
7. South African Rand.
This should have been up the ladder, but the currency is gradually losing it value. Currently, one South African Rand is about 6.32 Kenyan Shilling. Against the dollar, 14 South African Rand equals one dollars.
8. Egyptian Pound (1 USD = E£ 16.30)
The Egyptian pounds is worth 5.82 Kenyan Shilling.
It exchange rate to the United States dollar is 15.4 Egyptian pounds to 1 USD.
9. Eritrean Nakfa (1 USD = Nfk 15.00)
Eritrea, an island country of Africa. Their currency is one of the currency that beats the Kenyan Shilling.
The currency is worth 5.82 Kenyan Shilling. The exchange rate of this currency to the dollar is 15.5 Eritrean Nakfa equals one USD.