Strongest currencies in Africa: A currency is the legal exchange for goods and services in a country. It also reflects the current situation and strength of the economy of that country in comparison with other countries in the world. The value of a currency in respect to anther greatly determines the level of satisfaction a person derives from it. All African countries have a specific currency specific to it, that it use as a legal tender to transact business and for foreign exchange. Africa has a couple of strong currencies that are used as a medium of exchange in markets across the continent as explained here.
Here are the 10 strongest currencies in Africa:
1. Libyan Dinar.
Libya is known for it vast deposit of crude oil. Currency of Libya, the Libyan Dinar is the strongest currency in Africa. One (1) Libyan Dinar is equals to NGN 223. When compared with the dollar, one dollar is equivalent to 1.4116 Libyan dinars.
2. Tunisia Dinar.
The Tunisian Dinar comes in after the Libyan Dinar as the second most valuable currency in Africa. When compared to the Nigerian Naira, you will get NGN138 exchanged for one Tunisian Dinar. The exchange rate of this currency to the dollar, 1 US dollar is equivalent to 2.2814 Tunisian dinars.
3. Moroccan Dirham.
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