What are 3 major currencies in Africa?

Answer 1

The South African Rand, coded ZAR on currency markets.

Equivalent (Jan 2008) to about USD 14c, EUR 10c and GBP 7p

Named after the Witwatersrand (White Waters Ridge) which runs through Johannesburg, where the worlds largest deposits of gold lie. The gold contributes a lot to the wealth of South Africa so the currency is appropriately named.

The Rand was created in 1961, when South Africa became a Republic, fully independent from Great Britain. Previously South Africa used the Pound, Shillings and Pence currency as in the UK.

Currency is administered by the South African Reserve Bank.

See the link below to a currency converter if you would like to check an exchange rate/ value.

Odd fact:
Rand means 'ridge' and Dollar comes from 'thaler' (German) meaning "valley" or "dale".
The South African rand $1 = +-R7

Answer 2

Africa is not a nation. It is a continent. It comprises maybe 200 countries. Most of them have their own currency, but the mighty dollar speaks loud and long almost anywhere. A lot of African countiures are 'emerging' and barter is the norm for trade.

Answer 3

The South African Rand, coded ZAR on currency markets.

Equivalent (Jan 2008) to about USD 14c, EUR 10c and GBP 7p

Named after the Witwatersrand (White Waters Ridge) which runs through Johannesburg, where the worlds largest deposits of gold lie. The gold contributes a lot to the wealth of South Africa so the currency is appropriately named.

The Rand was created in 1961, when South Africa became a Republic, fully independent from Great Britain. Previously South Africa used the Pound, Shillings and Pence currency as in the UK.

Currency is administered by the South African Reserve Bank.

See the link below to a currency converter if you would like to check an exchange rate/ value.

Odd fact:

Rand means 'ridge' and Dollar comes from 'thaler' (German) meaning "valley" or "dale".

Answer 4

The continent of Africa is not one country.

And, unlike most of Europe (which, united under the EU, uses the Euro), Africa has no single currency. Each country uses it's own monentary system (about 54 of them in all).

Answer 5

AfricaCountry Currencies Currency Code

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Africa (General) Numerous countries in Africa use the Communaute Financiere Africaine franc

which is issued by the Central Bank of the West African States

Algeria Algerian dinar DZD

Angola kwanza AOA

Bassas da India uninhabited

Benin Communaute Financiere XOF

Africaine franc

Botswana pula BWP

Bouvet Island uninhabited

Burkina Faso Communaute Financiere XOF

Africaine franc

Burundi Burundi franc BIF

Cameroon Communaute Financiere XAF

Africaine franc

Cape Verde Cape Verdean escudo CVE

Central African Republic Communaute Financiere XAF

Africaine franc

Chad Communaute Financiere XAF

Africaine franc

Comoros Comoran franc KMF

Congo, Congolese franc CDF

Democratic Republic of the

Congo, Communaute Fiananciere XAF

Republic of the Africaine franc

Cote d'Ivoire Communaute Financiere XAF

Africaine franc

Djibouti Djiboutian franc DJF

Egypt Egyptian pound EGP

Equatorial Guinea Communaute Financiere XAF

Africaine franc

Eritrea nakfa ERN

Ethiopia birr ETB

Europa Island no indigenous inhabitants

Gabon Communaute Financiere XAF

Africaine franc

Gambia, The dalasi GMD

Ghana cedi GHC ₵

Glorioso Islands no indigenous inhabitants

Guinea Guinean franc GNF

Guinea-Bissau Communaute Financiere XAF

Africaine franc

Guinea-Bissau peso GWP

Juan de Nova Island no indigenous inhabitants

Kenya Kenyan shilling KES

Lesotho loti/South African rand LSL/ZAR

Liberia Liberian dollar LRD

Libya Libyan dinar LYD

Madagascar ariary MGA

Malawi Malawian kwacha MWK

Mali Communaute Financiere XAF

Africaine franc

Mauritania ouguiya MRO

Mauritius Mauritian rupee MUR

Mayotte euro EUR

Morocco Moroccan dirham MAD

Mozambique metical MZM

Namibia Namibian dollar NAD

South African rand ZAR

Niger Communaute Financiere XAF

Africaine franc

Nigeria naira NGN ₦

Reunion euro EUR

Rwanda Rwandan franc RWF

Saint Helena Saint Helenian pound SHP

Sao Tome and Principe dobra STD

Senegal Communaute Financiere XAF

Africaine franc

Seychelles Seychelles rupee SCR

Sierra Leone Leone SLL

Somalia Somali shilling SOS

South Africa rand ZAR

Sudan Sudanese dinar SDD

Swaziland lilangeni SZL

Tanzania Tanzanian shilling TZS

Togo Communaute Financiere XAF

Africaine franc

Tromelin Island uninhabited

Tunisia Tunisian dinar TND

Uganda Ugandan shilling UGX

Western Sahara Moroccan dirham MAD

Zambia Zambian kwacha ZMK

Zimbabwe Zimbabwean dollar ZWD

Answer 6

Unlike Europe where most of the countries use the Euro, Africa does not have one currency that is used across the continent. Most of the 56 countries in Africa have their own currency. Some examples are:

Namibia = Namibian dollar

South Africa = South African Rand

Niger = West African Franc

Egypt = Egyptian pound

Please see the related link for more examples.

Answer 7

There are 47 countries in Africa. There are Dinars and Kwanza, Pula, Francs and Pounds, Nakfa and Dalasi, Cedi, Lota and Dollars, Dirham and Metical, Lilangeni, and the Tanzanian Shilling.

Answer 8

The South African Rand, The Kenyan Shilling

Answer 9

Botswana pula