Africa is a continent abundant in natural resources, yet it is often linked to economic struggles, particularly in the wake of challenges such as the COVID-19 pandemic, ongoing regional conflicts, and disruptions to global supply chains.
Despite its vast reserves of minerals, oil, and agricultural potential, many African nations continue to face hurdles that impede economic growth and stability.
The pandemic exacerbated existing vulnerabilities, leading to widespread economic downturns, and the ripple effects of global supply chain disruptions have further hindered development.
Additionally, conflicts in various regions have undermined peace and security, while also disrupting trade and investment flows.
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These combined factors have contributed to an economic outlook that remains uncertain for many African countries, despite their untapped potential and resources.
As of 2024, several African currencies are facing significant challenges against the US dollar, highlighting broader economic difficulties across the continent.
The following list ranks the weakest currencies based on their exchange rates to the dollar, with a higher value indicating a weaker currency.
- Leone(SLL) – 20,969.50/$ Sierra Leone
- Guinean Franc(GNF) – 8,569.17/$ Guinea
- Malagasy Ariary(MGA) – 4,402.47/$ Madagascar
- Ugandan Shilling(UGX) – 3,773.15/$ Uganda
- Burundian Franc(BIF) – 2,859.52/$ Burundi
- Congolese Franc(CDF) – 2,785.00/$ Democratic Republic of Congo
- Tanzanian Shilling(TZS) – 2,587.65/$ Tanzania
- Malawian Kwacha(MWK) – 1,728.97/$ Malawi
- Naira(NGN) – 1,382.50/$ Nigeria
- Rwandan Franc(RWF) – 1,288.16/$ Rwanda
