The value of any currency is never constant; rather, it is determined by various factors such as interest rate, economic growth, inflation rate, and the impact of other currencies. A high rate of inflation inside a country causes a devaluation of the country’s currency, which reduces its value when compared to other currencies. In this post, we will show African countries with weakest currencies. African Countries With Weakest Currencies The following is a list of the Four African 1. Sao Tome and Principe Dobra 1 USD equal 21,050 STDr The Dobra of Sao Tome and Principe is Africa’s weakest currency, with one dollar worth nearly 20,000 USD. Sao Tome is an island state and a tiny country in central Africa whose major source of money is cocoa, coffee, and coconut exports, although this is insufficient to maintain the country’s local economy. The currency was initially launched in 1977, however it has since depreciated. 2. Seirra Leone leon(SLL) 1 USD=10,250 SLL The serria Leone leon is
We Talk On The Latest Happenings