Eritrean Currency Stronger than South African Rand?

Out of the 9 African countries with stronger currencies than the South African Rand, the Eritrean Nakfa is one which is traded as 1 Nakfa at R1.01
Out of the 9 African countries with stronger currencies than the South African Rand, the Eritrean Nakfa is one which is traded as 1 Nakfa at R1.01

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


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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)

Ethiopian currency the Birr - shouting out of worthlessness?
Ethiopian currency the Birr – shouting out of worthlessness?