Keep Up With Global Black News

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox.

BY Nduta Waweru, 10:15am May 12, 2018,

All about the money: Modern African currencies no longer in use

by Nduta Waweru, 10:15am May 12, 2018,
Photo: Banknote Index

Before African countries had currency currently in use, trade used to be conducted using basic items, materials, animals and others as a medium of exchange.

But over time, with colonisation, independence and change of regimes, the currencies have changed drastically, with new ones introduced and others discarded.

One of the currencies no longer in use is the Zimbabwean dollar, which was suspended after inflation in the country rose by 5 billion percent. The country introduced different measures to handle the currency crux including allowing the use of multi-currency and introducing bond notes.

All about the money: Modern African currencies no longer in use

Photo: Zimbabwe Dollars

However, the Zimbabwean dollar is not the only ‘obsolete’ currency. Here are other modern day African currencies (away from the colonial currency) that are no longer in use.

Last Edited by:Francis Akhalbey Updated: May 31, 2018

Conversations

Must Read

Connect with us

Join our Mailing List to Receive Updates

Face2face Africa | Afrobeatz+ | BlackStars

Keep Up With Global Black News and Events

Sign up to our newsletter to get the latest updates and events from the leading Afro-Diaspora publisher straight to your inbox, plus our curated weekly brief with top stories across our platforms.

No, Thank You