A country’s currency speaks volumes about the general well being of its people and its economy at large. Most people usually pay attention to the strongest currencies that exist and barely ever bother to know the weakest ones. Below is a list of top ten countries with the poorest and weakest currencies in Africa in 2020:
1. Sao Tome and Principe
Sao Tome and Principe is among the countries with the Weakest Currencies in Africa. Their currency is known as the Sao Tome and Principe Dobra. Its ratio against the USD is 21,560.
2. Sierra Leone
Sierra Leone is one of the poorest currencies in Africa, thanks to wars that happen time to time plus Ebola virus that is eminent in the country. Its currency is known as the Sierra Leonean Leone, whose ratio to the USD is 9,711.
3. Guinea
Guinea is one country whose inflation rate is among the highest in Africa. It is well endowed with resources such as diamond and gold yet it is still rotting in poverty. Its currency is known as the Guinean Franc and its ratio to the USD is 9,515.
4. Uganda
Uganda is an East African country whose currency is among the lowest valued in the region. Ugandan currency is known as the Ugandan shilling (UGX) and its ratio to the USD is 3,600.
READ: Top 10 Countries with The Strongest Currencies in Africa 2020
5. Madagascar
Its exchange rate is known as the Malagasy Ariary. Its ratio to the USD is 3,540.
6. Tanzania
The Tanzanian currency is known as the Tanzanian Shilling or ‘shilingi’ in Kiswahili. Its exchange rate to the USD is 2,300.
7. Burundi
The Burundian currency is known as the Burundian Franc. Its exchange rate against the USD is 1,843.
8. Democratic Republic of Congo (DRC)
The Congolese currency is known as the Congolese Franc. Its exchange rate against the USD is 1,665.
9. Rwanda
Rwandan currency is known as the Rwandan Franc. Its current exchange rate against the USD is 875.
10. Malawi
The Malawian currency is known as the Malawian Kwacha. Kwacha closes our list as among the coutries with Weakest Currencies in Africa. Its exchange rate against the USD is 722.
