Many African currencies have over the years suffered from weak value in the global exchange market due to dynamics in the economies of the countries. According to an International Monetary Fund (IMF) report in May 2023, many African countries have weak currencies due to heavy dependence on imports and less domestic production. However, there are countries in the continent whose currencies still have strong values when compared to the United States Dollar (USD) which remains the global benchmark when ranking currencies. Exchange rates change over time. This is caused by a mix of economic and political factors in a country. … Continue reading Top 15 African Countries With Strongest Currency Exchange Rate