Top ten Strongest Currency in Africa.Comparering to US dollar
Top ten the highest currency in Africa ,comparering to United States of America Dollar. Hello my viewers welcome to my youtube channel, if you are new here please Subscribe so that you don't miss our next program.
Today we shall list the top 10 Strongest and highest currency in Africa for the year 2021. Africa is one of the most important and resourceful Continent in the world.This is because it is the biggest natural hub that serves most of the countries Globally.As such, most of the overseas nations trade their Currency in exchange for goods and services with africa.without wasting much of your time let's look these 10 African countries that have strongest currency , verry powerfull that some other european countries.
Number 1, Libya.
Libya is the country that has the highest and strongest currency in Africa , Libya has got the POPULATION of 7 million people .the name of libiyan currency is called Dinner, 1 United States Dollar is equal to 1.42 Dinner , that makes Libya to be at the top of Africa top Currency.
Number 2, TUNISIA.
Siting second place is the Tunisian Dinner.it is the official currency of Tunisia. Tunisia is located in North Africa and bordered by mediterranean sea and sahara desert. Tunisia as a country have got the POPULATION of 12 Million People and the Capital City of TUNISIA is called Tunis. To change US dollar to TUNISIA Dinner, 1 United States Dollar is equal to 2.8 TUNISIA Dinner.
Number 3.Ghana
The name of the Currency of Ghana is Cedis,Ghana cedis is among the top 3 strongest Currencies in Africa. this west african Country is located along the gulf and the atlantic ocean.Although Ghana has a relatively small POPULATION , but their Currency still comes third on this list, Ghana as Country has got the population of 31 MILLION people, and the Capital City of Ghana is called ,Accra. To convert Ghananian Cedi to United States Dollar,1 United States Dollar is equal to 5.65 Cedi
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Top 15 Strongest / Most Valuable Currencies In The World
Today's video is about the Top 15 Strongest Currencies In The World
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In this video, we are taking a look at the top 10 strongest currencies in the world. The strength of a currency is determined by the degree of purchasing power of the currency in other countries. The strength of a currency is basically the strength of the economy of the country that powers that currency as well as the demand for the currency in the world. A strong currency is one whose value does not fluctuate easily in the exchange rates and one which has international market demand. Sometimes many believe that the US dollar is the strongest currency in the world but that’s not true. The US dollar is the most traded because 64 percent of foreign exchange transactions are made in USD, followed by the euro which is only 19.7 percent. That’s why it’s quite reasonable to base this list on setting US Dollar as the standard unit for measuring the value of currencies.
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Comparing the Nigerian Naira and the Ghanaian Cedis
Naira is the official currency of the Federal republic of Nigeria while Cedis is the currency for Ghana. Check out the rates of converting Naira to Cedis or Cedis to Naira.
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Top 20 Richest Countries in 2050 #shorts #viral #shortsvideo #gdp
In this video, we take a look at the top 20 richest countries in 2050. These countries are forecasted to have a GDP of over $1 trillion!
Now is the time to invest in these countries, as they are projected to be among the wealthiest in the world in the next few decades. Whether you're looking to retire early or just want to make some serious money, these are the 20 richest countries you need to watch!
Top 10 Countries in Africa With The Most Millionaires
#africatop10 Despite the continent’s strong economic growth over the past decade, the majority of Africans still struggle to make ends meet. That is not to say however, that Africa lacks wealthy people. UK-based New World Wealth recently released a report that ranks African countries according to their number of millionaires.
Here are the Top 10 Countries in Africa With The Most Millionaires
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Top 10 Strongest Currencies In The World || Reviewed For You Travels
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The strongest Militaries in Africa (Top 5)
5 Most Powerful African Militaries - It is the responsibility of the military to protect the territorial integrity of a country, including territories on water, Land and air. In order to achieve this, different African countries allocate large amounts of money in the annual budget for defense ministries. The money allocated is used for military training and purchasing of military weapons and ammunitions.
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0:00 - African Militaries
1:48 - Ethiopia
3:28 - Nigeria
4:57 - South Africa
6:06 - Algeria
7:22 - Egypt
8:30 - outro
Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cabo Verde, Cameroon, Central African Republic (CAR), Chad, Comoros, The Democratic Republic of the Congo, Republic of the Congo, Cote d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leon, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, Zimbabwe
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How rich is Africa [2021 UPDATES]
GDP, or Gross domestic product, is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. It provides an economic snapshot of a country, used to estimate the size of an economy and growth rate.
Although GDP is generally used to measure the wealth of the country, it has limitations when it comes to determining the state of living of the country, and it is mainly influenced by population, because the higher the population, the higher the number of hands to produce products and services.
Here are ten most richest countries of Africa, measured in GDP.
Number1
Nigeria, US$496.12 Billion
Officially, the Federal Republic of Nigeria it is a most populous country in Africa, found in the West African region. Nigeria is one of the world's most ethnically and linguistically diverse nations; covering an area of 923,769 square kilometers, with a population of over 211 million.
This country is Africa’s leading economy, and the 30th largest economy by GDP volume in the entire world. However, Nigeria's economy is highly dependent on oil and is therefore very vulnerable to fluctuate with the crude oil prices and production.
In 2020, the GDP was over US$ 400 billion, generated by the services, agricultural sector, crude oil and mining industry.
Number 2
South Africa, US$ 386.73 Billion
Often called 'the rainbow nation'. the Republic of South Africa is one of the most ethnically diverse countries in Africa. South Africa has a highly developed economy and advanced economic infrastructure, making the country the leading African economy and home to 75% of the largest African companies.
South Africa is rich in mineral resources, The country is the world's largest producer and exporter of gold, platinum, chrome and manganese, the second largest palladium producer and the fourth largest producer of diamonds. mining and manufacturing accounts for around 2.2% and 2% respectively of the GDP.
According to the International Monetary Fund's, the economic growth is expected to pick up in 2021, estimated at 3.1% of the GDP, and to stabilize in 2022 at 2%.
Number 3
Egypt, US$ 331.36 Billion
Egypt is a country in North Africa, borders the Red Sea and the Mediterranean Sea, neighbored by countries include Libya, the Gaza Strip, and Sudan. According to the International Monetary Fund's, April 2021 forecast, GDP growth is projected to contract further to 2.5% in 2021 and recover to 5.7% in 2022.
The economy of Egypt is divided into three broad categories—agriculture, manufacturing, and services with Services being by far the biggest contributor to GDP, accounting for over 68 percent in 2018.
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TOP 10 RICHEST COUNTRIES IN AFRICA BY GDP 2020/21 - LARGEST ECONOMIES
Top 10 richest countries in Africa by GDP.
Largest African economies 2020
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Nominal GDP measures a country’sgross domestic product using current prices, without adjusting forinflation. Contrast this with real GDP, which measures a country’s economic output adjusted for the impact of inflation. While the two indices measure the same output, they are used for very different purposes: changes in value versus changes in volume.
Deeper definition
GDP is the core measure of a country’s economic health, totaling the monetary value of all goods and services produced in a given time period, minus the value of the goods and services used up in production. Businesses large and small rely on GDP for major planning decisions. For investors, GDP is a guide for estimating profit margins and making financial decisions. Economists use it to understand the economy and make forecasts.
Nominal GDP
Nominal economic statistics, also called current-dollar statistics, are not adjusted to account for the price changes from inflation and deflation. The natural rise and fall (mostly rise) of prices is captured by nominal GDP, which tracks the gradual increase of the value of an economy over time. If overall gross domestic product rises 2 percent in a year and inflation runs at 2 percent over the same period, nominal GDP will be +4 percent for that year.
Nominal GDP is the preferred figure for comparing GDP to other variables that also don’t adjust for inflation. For example, debt is always calculated and expressed as a nominal figure, so debt-to-GDP ratios are always based on nominal GDP. Because inflation is baked into nominal GDP figures, it can give an inaccurate view of growth.
source : Bankrate.com
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Top 10 Weakest Currencies In The World | Country With The Weakest Currency | Info A 2 Z
Top 10 Weakest Currencies In The World | Country With The Weakest Currency | Info A 2 Z
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Top 10 Safest and Strongest Currencies in Africa Right Now!!!
Welcome back to Know This Africa, the number one channel on the internet where amazing people come to watch! In today's video, we're going to explore the safest and strongest currencies in Africa. As we compare these currencies to the US dollar, which serves as the global reserve currency, we'll discover some interesting facts about the African continent's financial landscape.
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The 10 strongest African currencies
Courtesy of Business Insider Africa, here are the 10 strongest African currencies compared to the USD as of the 7th of July 2023:
1) Tunisian Dinar (may have been recently unseated by the Libyan Dinar)
2) Libyan Dinar
3) Moroccan Dirham
4) Ghanaian Cedi:
5) Botswana Pula
6) Seychellois Rupee
7) Eritrean Nakfa
8) Zambian Kwacha
9) Namibian Dollar
10) Lesotho Loti
#africa #africancountries #africannews #economy #currency #thisisafrica
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Lesotho Loti:
Namibian Dollar:
Zambian Kwacha:
Eritrean Nakfa:
Seychellois Rupee:
Botswana Pula:
Ghanaian Cedi:
Moroccan Dirham:
The Libyan Dinar:
The Tunisian Dinar:
TOP 10 WEAKEST CURRENCIES IN AFRICA
Welcome to this video about the top 10 weakest #currencies in Africa, via Afrokonnect.
Each currency represents the financial difference between their respective nations.
However, various African currencies are struggling with significant challenges, this has rendered them among the weakest on the continent.
These currencies face several factors, such as inflationary pressures, fiscal imbalances, and geographical uncertainties.
All these factors help depreciate these currencies against major global currencies.
Factors such as inflation rates and monetary policies play a significant role in a currency’s valuation.
It helps in shaping the fortunes of nations and impacting international trade and investment.
Economic Factors Affecting Currency Strength
This section of the video will focus on the economic factors that affects a currency strength:
1. #inflation Rate:
The higher the inflation, the lesser the purchasing power of the currency.
A high inflation rate also lead to a decrease of confidence among investors and consumers.
2. Fiscal Policies:
Policies made by the government such as taxes and budget deficits can influence the currency’s strength.
Sound fiscal policies such as a balanced budget can contribute to a stable currency.
3. Trade Balance:
A country’s imports must be balanced with its exports to ensure a strong currency.
A country that exports more causes its currency to be in high demand hence strengthening it.
Top 10 Weakest Currencies in Africa:
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Best African Countries to Live and Work in 2024
Planning a move to Africa? Wondering where to find the perfect balance of career opportunities, quality of life, and cultural experiences? In this video, we explore the top African countries that offer an ideal environment for living and working in 2024.
Economic Opportunities: Uncover thriving job markets and emerging business landscapes across the continent.
Quality of Life: Discover cities celebrated for their safety, healthcare, education, and overall well-being.
Cultural Diversity: Immerse yourself in the myriad of cultures that make these destinations unique.
#Africa #LivingAbroad #CareerOpportunities #WorkAbroad #GlobalLiving #ExpatLife #JobMarket #CulturalRichness #Travel2024 #ExploreAfrica
The Best African Countries to Live and Work in 2024
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Top 10 strongest currencies Value in the USD #shorts #currency #factifieddaily
Top 10 strongest currencies Value in the USD #shorts #currency #factifieddaily
World's Mightiest Currencies: BRICS and Beyond
Prepare to dive into the realm of global finance as we explore the world's mightiest currencies, from the BRICS nations and beyond. In this video, we'll dissect the economic powerhouses of Brazil, Russia, India, China, and South Africa, examining their currencies' impact on the international stage. But we won't stop there – we'll also uncover the strength of currencies from other influential countries around the world. Join us as we unravel the complexities of currency strength, exchange rates, and economic dominance in this fascinating exploration of the financial landscape. Subscribe now to stay updated on our journey through the world of economics and geopolitics!