Top 10 Highest Currencies in Africa in 2022 Most Valuable

Hello and welcome to Itenert, have you ever wondered which country has the most valuable currency in Africa? A country's currency tells a lot about its economy and standard of living of its citizens. Having a strong currency means it becomes cheaper to import goods. It also means it is trading at historically higher levels than before. When a country’s medium of exchange is strong, it reduces its volatility in the forex market. Why is the value of a currency important? The value of a currency is important because it determines a country’s economic health. This directly dictates the demand for a currency on a global market. Countries with higher value currencies tend to attract more investors.
So which currency is the strongest and highest in Africa in 2021? In this video, we answer this by presenting to you The TOP 10 MOST VALUABLE CURRENCIES IN AFRICA in 2021. If you are new to the channel, subscribe to the channel if you want to watch more of these videos. Tell us in the comment box below, the country you are watching this video from. The following are the top 10 most valuable currencies in Africa in 2021.

NUMBER 10 ON THE LIST IS ZAMBIAN KWACHA.
The currency of Zambia is also one of the highest currencies in Africa.
The Zambian kwacha has an attractive value because the country is the largest producer of copper in Africa. This implies that the Zambian kwacha becomes stable or unstable depending on the price of copper. So, when the prices are stable the country enjoys valuable currency. But if the prices are volatile that affects its negatively. Zambia is located in southern Africa and is a landlocked country of rugged terrain and diverse wildlife, featuring many parks and safari areas.

NEXT ON THE LIST IS THE EGYPTIAN POUNDS.
The home of civilization and ancients’ pyramids is again home to a remarkable currency. The Egyptian pound has been gaining value over the years of its unofficial use in Sudan and the Gaza Strip. Also, the Egyptian pound has gained in value after government reduced interest rates to attract domestic and foreign investments.
Number 8 on the list is ERITREAN NAKFA.
The 8th strongest currency in Africa is the Eritrean Nakfa. Eritrea is an island nation in Africa. As stated above, the currency of the country is the Nakfa. Altogether, Eritrea is a remote country located in the horn of Africa. It is blessed with a small population and an equally small economy.
Number seven on the list is SOUTH AFRICAN RAND.
South Africa is the largest producer of platinum group metals globally. Other prevailing industries in the region include automobile manufacturing and commercial ship repair. It is the second-largest economy in Africa ranking below Nigeria which takes the top position. This report shows that the rand is an important reference currency. Several currencies including the Namibian dollar, the Swaziland lilangeni, and the Lesotho loti are maintained with the same currency as it.

Next valuable currency in Africa is SEYCHELLES RUPEE.
The Seychelles Rupee is the high-value currency of the island nation, Seychelles.
BOTSWANA PULA IS Number five on our list.
The Kalahari Desert and Okavango delta both define the Southern African country Botswana.
MOROCCAN DIRHAM IS NEXT ON OUR LIST.
Morocco is also known as Al Maghreb, meaning the place where the sun sets.
The Moroccan Dirham is one of the strongest currencies in Africa.
GHANAIAN CEDI is number Three on the list.
Ghana is a popular country that sits at Africa’s western edge. Its currency, Cedi, also sits at comfortable position in the global market.
LIBYAN DINAR IS NUMBER 2 ON OUR LIST.
The success of Libya’s currency makes it easy to mistake it for a non-African country. The war-torn nation surprisingly leads the list thanks to a number of economic policies and stringent regulations by its central Bank.
THE NUMBER ONE CURRENCY IN AFRICA IS THE TUNISIAN DINAR.
The Tunisian Dinar is the most valuable currency in Africa. The country was under the French colony and used the French Franc its currency for many years. But in 1960, the country replaced the Franc with the Dinar abbreviated as DT. The country’s monetary policy where it is illegal to export or import dinar or convert them to other currencies has enabled the dinar to be among the highest in Africa.

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