Face 2 Face Africa

by , at 11:00 am, March 27, 2017, Features

Top 7 Strongest Currencies in Africa

Photo Credit: Naija quest
Photo Credit: Naija quest

The strength or value of a currency is an index of its purchasing power, reflecting the current economic situation of a country in comparison with other countries in the world. Using the dollar as a benchmark, here Face2Face Africa ranks the seven strongest currencies in Africa.

The list includes some interesting inclusions as well as some surprising omissions. For example, the naira, the official currency of Nigeria, Africa’s largest economy and most populous country, did not make the list, while the dinar, the official currency of Libya, made the list despite the fact that the North African country has been embroiled in intense civil conflict in the last half decade.