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Top 7 Strongest Currencies in Africa

March 27, 2017 at 11:00 am | Uncategorized

Mark Babatunde

Mark Babatunde

March 27, 2017 at 11:00 am | Uncategorized

1. LIBYAN DINAR LYD (1$= 1.4116)

LIBYAN DINAR LYD

Photo credit: Temehu

Based on its exchange rate to the dollar and its purchasing power, the Libyan dinar is Africa’s strongest currency. One dollar currently exchanges for about 1.4116 Libyan dinars. This is an impressive achievement considering that the North African country has been cut up in a civil conflict since former strongman Muammar Gaddafi was ousted in the 2011 Arab spring uprising. Some analyst believe the currency has been buoyed by the country’s extensive oil reserves and its role as a gateway for African migrants looking to enter Europe.

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