By Nick Paul,
THE Rand has had a lot of flack for its devaluation over the past couple of years. As I already wrote about a few countries with a weaker note and now let’s take a look at African countries who’s currencies are stronger than ours.
Eritrean Nakfa:
A country you probably haven’t heard from before, it split from Ethiopia in the early 90’s but has a currency, roughly on the same value as ours. This is only a recent development though since the beginning of 2014 and is as a result of the currency being pegged to the US Dollar.
One Eritrean Nakfa will cost you R1.01
The other eight countries whose currency stronger than SA Rand are:
Botswanan Pula – R1.20, Egyptian Pound – R1.50, Libyan Dinar – R8.53, Tunisia Dinar – R6.65, Moroccan Dirham – R1.29, Ghanaian Cedi – R3.79, Sudanese Pound – R1.85, and Zambian Kwacha – R1.73
https://twitter.com/AfricaFactsZone/status/528632635493736450
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EDITOR’S NOTE:
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Do not laugh but, do you happen to know this? Which one is worthless?
1 USD is equal to 15.05 Eritrean Nakfa (ERN)
1 USD is equal to 20.05 Ethiopian Birr (ETB)
