Most powerful African currencies of 2018

Mildred Europa Taylor June 25, 2018

Most powerful African currencies of 2018

Libyan Dinar

Libyan Dinar

This remains the strongest currency in Africa, despite the North African country’s recent crisis following the ousting of former leader Muammar Gaddafi in the 2011 Arab spring uprising.
One dollar currently exchanges for about 1.36 Libyan dinars. Analysts argue that the currency, introduced in 1971 to replace the pound, has maintained its status due to the country’s oil reserves and its role as a passage point for African migrants bent on entering Europe.

Last Edited by:Ismail Akwei Updated: June 25, 2018

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