Currency or money is the primary medium of exchange in the modern world decidedly preferred over the barter system and this is in the form of paper, coins and of late virtual currency.
Factors, such as interest and inflation rates, economic growth, political stability, trade balance and stimulus measures influence the value of a currency.
A High currency is that which its value increases in comparison to other currencies due to factors like good government policies, political stability, and decreased external among others.
Below is the List of strongest Currencies in Africa 2022
- Egyptian Pound
The Genēh Maṣri or the Egyptian Pound is the currency of Egypt. The name Genēh is derived from the guinea, a coin of approximately one-quarter ounce of gold. The name came from the Guinea region in West Africa, where much of the gold used to make the coins originated where 1 Egyptian Pound = 0.063 US Dollar and Currency Code = EGP
- Eritrean Nakfa
The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence and 1 Eritrean Nakfa = 0.066 US Dollar and Currency Code = ERN
- South African Rand
The rand takes its name from the Witwatersrand (“white waters’ ridge” in English), the ridge upon which Johannesburg is built and where most of South Africa’s gold deposits were found and 1 South African Rand = 0.58 US Dollar, Currency Code = ZAR
- Seychellois Rupee
The Republic of Seychelles is the smallest country, by population and currency is called roupi in the local Seychellois Creole (Seselwa) language where 1 Seychellois Rupee = 0.54 US Dollar, Currency Code = SCR
- Zambian Kwacha
The Zambian kwacha was first issued in 1968 to replace the Zambian pound where 1 Zambian Kwacha = 0.55 US Dollar and Currency Code = ZMW
- Botswanan Pula
The Botswanan Pula became widely known internationally through numerous references in the No. 1 Ladies’ Detective Agency by Alexander McCall Smith, making it possible for readers worldwide to get an idea of the Pula’s purchasing power where 1 Botswanan Pula = 0.086 US Dollar and Currency Code = BWP
- Moroccan Dirham
The central bank of Morocco, the Bank Al-Maghrib issues the Moroccan Dirham which is the official monetary currency of the Kingdom of Morocco where 1 Moroccan Dirham = 0.11 US Dollar and Currency Code = MAD
- Ghanaian Cedi
The Ghanaian Cedi has been legal tender in the Republic of Ghana since 2007. The word cedi is the Akan word for cowrie shell, which were formerly used as currency in what is now Ghana. One cedi is divided into one hundred pesewas where 1 Ghanaian Cedi = 0.17 US Dollar and the Currency Code = GHS
- Tunisian Dinar
The name dinar is derived from the Roman denarius. Carthage, which is now modern day Tunisia once being a Roman Province. It is a criminal offence in Tunisia to import or export dinar. Every year, each citizen can convert into foreign currency up to 6,000 Tunisian dinars before departure from the country where 1 Tunisian Dinar = 0.36 US Dollar and the Currency Code = TND
- Libyan Dinar
The Libyan Dinar is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit. The CBL has a programme that only sells a limited number of dollars to its citizens. This coupled with the burgeoning revenues from the petroleum sector has further bolstered the popular currency where 1 Libyan Dinar = 0.73 US Dollar and the Currency Code = LYD