If you are a business Man/Woman and you are planning to shift your investments to any of the African countries; then this article is for you. This post will provide information on the list of the 55 African countries and their currency as well as provide answers to questions like: How many countries are in Africa and their currency? Which country in Africa is using dollar? Which is the highest currency in Africa? Which currency is used in Africa? What is the world's strongest currency? What is the cheapest currency in the world? What is the safest currency in the world? and What is the weakest currency in Africa?
Algeria use the Dinar (DZD) currency.
Angola use the Angolan Kwanza (AOA) currency.
Benin use the CFA Franc (XOF) currency.
Botswana use the Pula (BWP) currency.
Burundi use the Burundi Franc (BIF) currency.
Burkina Faso use the CFA Franc BCEAO (XOF) currency.
Cameroon use the CFA Franc BEAC (XAF) currency.
Cape Verde use the Cape Verde Escudo (CVE) currency.
Central African Republic use the CFA Franc BEAC (XAF) currency.
Chad use CFA Franc BEAC (XAF) currency.
Comoros use the Comoros Franc (KMF) currency.
Cote d’Ivoire use the CFA Franc BCEAO (XOF) currency.
DR Congo use the Francs (CDF) currency.
Djibouti use the Djibouti Franc (DJF) currency.
Egypt use the Pound (EGP) currency.
Equatorial Guinea use the CFA Franc BEAC (XAF) currency.
Eritrea use the Eriterian Nakfa (ERN) currency.
Ethiopia use the Birr (ETB) currency.
Gabon use the CFA Franc BEAC (XAF) currency.
Gambia use the Dalasi (GMD) currency.
Ghana use the Cedi (GHS) currency.
Guinea use the Franc (GNF) currency.
Guinea-Bissau use the Guinea-Bissau Peso (GWP) currency.
Kenya use the Shillings (KES) currency.
Lesotho use the Loti (LSL) currency.
Liberia Use the Dollar (LRD) currency.
Libya use the Dinar (LYD) currency.
Madagascar use the Malagasy ariary (MGA) currency.
Malawi use the Kwacha (MWK) currency.
Mali use the CFA Franc BCEAO (XOF) currency.
Mauritania use the Ouguiya (MRO) currency.
Mauritius use the Rupees (MUR) currency.
Morocco use the Dirham (MAD) currency.
Mozambique use the Metical (MZN) currency.
Namibia use the Dollar (NAD) currency.
Niger use the CFA Franc BCEAO (XOF) currency.
Nigeria use the Naira (NGN) currency.
Republic of the Congo use the Franc BEAC (XAF) currency.
Réunion use the Euro (EUR) currency.
Rwanda use the Franc (RWF) currency.
São Tomé and Principe use the Dobra (STD) currency.
Senegal use the CFA Franc BCEAO (XOF) currency.
Seychelles use the Rupees (SCR) currency.
Sierra Leone use the Leone (SLL) currency.
Somalia use the Shillings (SOS) currency.
South Africa use the Rand (ZAR) currency.
South Sudan use the Pound (SSP) currency.
Sudan use the Pound (SDG) currency.
Swaziland use the Lilangeni (SZL) currency
Tanzania use the Shillings (TZS) currency.
Togo use the CFA Franc BCEAO (XOF) currency.
Tunisia use the Dinar (TND) currency.
Uganda use the Shillings (UGX) currency.
Zambia use the Kwacha (ZMW) currency.
Zimbabwe use the Dollar (ZWD) currency.
Having discussed about the various countries in Africa and their currency, let us now answer some related questions.
Libyan Dinar (LD 1.41) is equivalent to 1 US Dollar
- Tunisian Dinar (DT 2.87) is equivalent to 1 US Dollar
- Ghanaian Cedi (GH 5.49) is equivalent to 1 US Dollar
- Moroccan Dirham (MAD 9.20) is equivalent to 1 US Dollar
- Botswana Pula (P 11.6) is equivalent to 1 US Dollar
- Zambian Kwacha (ZK 13.4 is equivalent to 1 US Dollar
- Seychellois Rupee (SR 13.64) is equivalent to 1 US Dollar
- Egyptian pound (E£ 15.86) is equivalent to 1 US Dollar
- Eritrean Nakfa (NFK 15.00) is equivalent to 1 US Dollar
- South Africa Rand (R 14.87) is equivalent to 1 US Dollar
Sao Tome and Principe Dobra is the lowest currency in Africa. It is noted to be the smallest nation in Africa. It is classified as the weakest currency based on the exchange rate to the dollar and its purchasing power.
The US Dollar used to be considered the safest currency due to the economic stability of the USA. In comparison to the emerging markets, US Dollar is also far less volatile. It still defaults safe-haven assets for many organizations and countries facing uncertainty.
The Iranian Rial is the least valued currency in the world. It is the lowest currency to USD
The Kuwaiti Dinar is widely regarded as the world's most powerful currency. Kuwaiti Dinar, abbreviated as KWD, is widely used in oil-related transactions in the Middle East.