Top 10 most valuable currencies of Africa in 2022

Ever wondered which African country has the highest currency in Africa? The African continent is home to 54 countries with various currencies. In this article, we will see the Top 10 Most Valuable Currencies of Africa in 2022.

Let us start our countdown of Countries with the highest currency in Africa.

10. The Egyptian Pound (1 EGP = INR 4.14)

Egypt, a country linking northeast Africa with the Middle East, dates to the time of the pharaohs. The pound is the official currency of Egypt. It is divided into 100 piastres, or ersh, or 1,000 milliemes. All Egyptian banknotes are bilingual, with Arabic texts and Eastern Arabic numerals on the obverse, and English texts and Western Arabic numerals on the reverse.

Symbol: E£, ج.م

ISO CODE: EGP

Central Bank: Central Bank of Egypt

Value of the Egyptian Pound

1 EGP = INR 4.14

1 EGP = PKR 11.36

1 EGP = BDT 5.10

1 EGP = USD 0.051

1 EGP = EURO 0.051

9. The South African Rand (1 ZAR = INR 4.61)

South Africa is a country on the southernmost tip of the African continent, marked by several distinct ecosystems. The South African rand, or simply the rand, is the official currency of the Southern African Common Monetary Area: South Africa, Namibia, Lesotho and Eswatini. It is subdivided into 100 cents.

Symbol: R

ISO CODE: ZAR

Central Bank: South African Reserve Bank

Value of the South African Rand

1 ZAR = INR 4.61

1 ZAR = PKR 12.64

1 ZAR = BDT 5.67

1 ZAR = USD 0.057

1 ZAR = EURO 0.057

8. The Zambian Kwacha (1 ZMW = 5.21)

Zambia, in southern Africa, is a landlocked country of rugged terrain and diverse wildlife, with many parks and safari areas. The Kwacha is the currency of Zambia. It is subdivided into 100 Ngwee. The name kwacha derives from the Nyanja, Bemba, and Tonga language word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom". The name ngwee translates as "bright" in the Nyanja language.

Symbol: ZK

ISO CODE: ZMW

Central Bank: Bank Of Zambia

Value of the Zambian Kwacha

1 ZMW = INR 5.21

1 ZMW = PKR 14.27

1 ZMW = BDT 6.40

1 ZMW = USD 0.064

1 ZMW = EURO 0.064

7. The Eritrean Nakfa (1 ERN = INR 5.43)

Eritrea is a northeast African country on the Red Sea coast. It shares borders with Ethiopia, Sudan and Djibouti. The nakfa is the currency of Eritrea and was introduced on 15 November 1998 to replace the Ethiopian birr at par. The currency takes its name from the Eritrean town of Nakfa, site of the first major victory of the Eritrean War of Independence. The nakfa is divided into 100 cents.

Symbol: Nfk, نافكا, ናቕፋ

ISO CODE: ERN

Central Bank: Bank Of Eritrea

Value of the Eritrean Nakfa

1 ERN = INR 5.43

1 ERN = PKR 15.00

1 ERN = BDT 6.74

1 ERN = USD 0.067

1 ERN = EURO 0.067

6. The Seychellois Rupee (1 SCR = INR 6.19)

The Seychelles is an archipelago of 115 islands in the Indian Ocean, off East Africa. It's home to numerous beaches, coral reefs and nature reserves, as well as rare animals such as giant Aldabra tortoises. The rupee is the currency of the Seychelles. It is subdivided into 100 cents. In the local Seychellois Creole language, it is called the roupi and roupie in French. The ISO code is SCR. The abbreviation SR is sometimes used for distinction.

Symbol: SR, SRe

ISO CODE: SCR

Central Bank: Central Bank of Seychelles

Value of the Seychellois Rupee

1 SCR = INR 6.19

1 SCR = PKR 16.98

1 SCR = BDT 7.62

1 SCR = USD 0.076

1 SCR = EURO 0.076

5. The Botswanian Pula (1 BWP = INR 6.23)

Botswana, a landlocked country in Southern Africa, has a landscape defined by the Kalahari Desert and the Okavango Delta, which becomes a lush animal habitat during the seasonal floods. The pula is the currency of Botswana. It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana—home to much of the Kalahari Desert—and therefore valuable and a blessing. The word also serves as the national motto of the country.

Symbol: P

ISO CODE: BWP

Central Bank: Bank of Botswana

Value of the Botswanian Pula

1 BWP = INR 6.23

1 BWP = PKR 17.07

1 BWP = BDT 7.66

1 BWP = USD 0.076

1 BWP = EURO 0.076

4. The Moroccan Dirham (1 MAD = INR 7.53)

Morocco, a North African country bordering the Atlantic Ocean and Mediterranean Sea, is distinguished by its Berber, Arabian and European cultural influences. The Moroccan dirham is the official monetary currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. One Moroccan dirham is subdivided into 100 centimes.

Symbol: MAD

ISO CODE: MAD

Central Bank: Bank Al-Maghrib

Value of the Moroccan Dirham

1 MAD = INR 7.53

1 MAD = PKR 20.62

1 MAD = BDT 9.25

1 MAD = USD 0.092

1 MAD = EURO 0.092

3. The Ghanaian Cedi (1 GHS = INR 8.06)

Ghana, officially the Republic of Ghana, is a country in West Africa. It abuts the Gulf of Guinea and the Atlantic Ocean to the south, sharing borders with Ivory Coast in the west, Burkina Faso in the north, and Togo in the east. The Ghanaian cedi is the unit of currency of Ghana. It is the fourth historical and only current legal tender in the Republic of Ghana. One cedi is divided into 100 pesewas.

Symbol: GH¢, GH₵

ISO CODE: GHS

Central Bank: Bank of Ghana

Value of the Ghanaian Cedi

1 GHS = INR 8.06

1 GHS = PKR 22.20

1 GHS = BDT 9.91

1 GHS = USD 0.099

1 GHS = EURO 0.099

2. The Libyan Dinar (1 LYD = INR 16.40)

Libya, officially the State of Libya, is a country in the Maghreb region in North Africa. It is bordered by the Mediterranean Sea to the north, Egypt to the east, Sudan to the southeast, Chad to the south, Niger to the southwest, Algeria to the west, and Tunisia to the northwest. The dinar is the official currency of Libya. The dinar is divided into 1,000 dirhams. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit.

Symbol: LD, ل.د

ISO CODE: LYD

Central Bank: Central Bank of Libya

Value of the Libyan Dinar

1 LYD = INR 16.40

1 LYD = PKR 44.41

1 LYD = BDT 20.16

1 LYD = USD 0.20

1 LYD = EURO 0.20

1. The Tunisian Dinar (1 TND = INR 25.19)

Tunisia, officially the Republic of Tunisia, is the northernmost country in Africa. It is a part of the Maghreb region of North Africa, and is bordered by Algeria to the west and southwest, Libya to the southeast, and the Mediterranean Sea to the north and east. The dinar is the currency of Tunisia. It is subdivided into 1000 milim or millimes. The abbreviation DT is often used in Tunisia, although writing "dinar" after the amount is also acceptable

Symbol: DT, د.ت

ISO CODE: TND

Central Bank: Central Bank of Tunisia

Value of the Tunisian Dinar

1 TND = INR 25.19

1 TND = PKR 69.04

1 TND = BDT 30.98

1 TND = USD 0.31

1 TND = EURO 0.31

So here we are - The Top 10 Most Valuable Currencies of Africa in 2022. Hope you enjoyed reading this article.

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Last updated on 05/10/2022