The value of a country’s currency determines its level of economic success and the confidence of investors in its economy. To have a strong currency, a country needs to produce goods and services that other countries need and are willing to purchase using the seller country’s currency. Countries also need to deliver a high interest rate on investments so that foreign investors are interested in the country’s financial and economic opportunities. Finally, countries need to have a stable government and sound economic policies. With the British Pound, the Euro and the dollar being the stronger currencies in the world, let’s take a look at the top 5 currencies in Africa.
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Analyst Kingdom is a place where you can read about data-driven insights and notes about economic, financial, social and cultural subjects regarding Africa.
Looking at how the different countries on the continent have evolved throughout the years, we can get a good picture as to where they are headed.
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