African currency
Encyclopedia
African currency was originally formed from basic items, materials, animals and even people available in the locality to create a medium of exchange
. This started to change from the 17th century onwards (though there is still some slavery), as Europe
an colonial powers introduced their own monetary system
into the countries they administered. As Africa
n countries achieved independence during the 20th century, some retained the new denominations that had been introduced, though others renamed their currencies for various reasons. Today inflation often creates a demand for more stable (but forbidden) foreign currency, while in rural areas the original bartering system is still in widespread usage.
'. Dowry
or bride price
or Lobolo
items were usually of diverse nature: cows, blankets, clay pots, and so on. Coins were used in Northern and Eastern Africa from Egyptian times onwards due to ongoing trade contact with Europe and Asia.
During Colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. Examples include the Somali shilling
; the Italian East African lira
; and the African franc (in Francophone countries). Many post-colonial governments have retained the name and notional value unit system of their prior colonial era currency. For example the British West African pound was replaced by the Nigerian pound
which is still divided into shillings.
A different trend is seen when the predominant foreign power relationship changes, causing a change in the currency: the East African rupee
(from long-term trade with Arabia and India) was replaced by the East African shilling
after the British become the predominant power in the region. Other countries threw off the dominant currency of a neighbour; the Botswana pula
replaced the South African rand
in Botswana in 1976. Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling
.
Many Africa
n countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there is such rampant inflation that re-valuing must take place every so often (viz. the Zimbabwe dollar). There is a thriving street trade by unlicensed street traders in US dollars or other stable currency, which are seen as a hedge against local inflation. The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, and is usually labelled a crime.
In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (you can eat a chicken but not a coin). Even where currency is used, haggling over prices is very common. This is in contrast with the pre-independence Rhodesian dollar
which was always a strong currency linked to the British pound.
There is a planned West African Monetary Zone among Anglophone African countries planned for implementation in 2009. Similarly in East Africa
, the member countries of the East African Community
plan to introduce a single currency, the East African Shilling
in 2012.
The African Union
has proposed a single currency, the Afro
, for the entire continent by 2023.
|-
| width="80%" align="center" | Present Currencies of African Countries
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Currency ISO!!Country !!Currency
|-
|DZD||
Algeria||Algerian dinar
|-
|AOA||
Angola||Kwanza
|-
|XOF||
Benin||CFA franc
|-
|BWP||
Botswana||Pula
|-
|XOF||
Burkina Faso||CFA franc
|-
|BIF||
Burundi||Burundi franc
|-
|XAF||
Cameroon||CFA franc
|-
|CVE||
Cape Verde||Cape Verdean escudo
|-
|XAF||
Central African Republic||CFA franc
|-
|XAF||
Chad||CFA franc
|-
|KMF||
Comoros||Comorian franc
|-
|XAF||
Republic of the Congo||CFA franc
|-
|CDF||
Democratic Republic of the Congo||Congolese franc
|-
|DJF||
Djibouti||Djiboutian franc
|-
|EDP||
Egypt||Egyptian pound
|-
|XAF||
Equatorial Guinea||CFA franc
|-
|ERN||
Eritrea||Nakfa
|-
|ETB||
Ethiopia||Ethiopian birr
|-
|XAF||
Gabon||CFA franc
|-
|GMD||
The Gambia||Dalasi
|-
|GHS||
Ghana||Ghanaian cedi
|-
|GNF||
Guinea||Guinean franc
|-
|XOF||
Guinea-Bissau||CFA franc
|-
|XOF||
Côte d'Ivoire||CFA franc
|-
|KES||
Kenya||Kenyan shilling
|-
|LSL||
Lesotho||Loti
|-
|LRD||
Liberia||Liberian dollar
|-
|LYD||
Libya||Libyan dinar
|-
|MGA||
Madagascar||Malagasy ariary
|-
|MWK||
Malawi||Malawian kwacha
|-
|XOF||
Mali||CFA franc
|-
|MRO||
Mauritania||Ouguiya
|-
|MUR||
Mauritius||Mauritian rupee
|-
|MAD||
Morocco||Moroccan dirham
|-
|MZN||
Mozambique||Mozambican metical
|-
|NAD||
Namibia||Namibian dollar
|-
|XOF||
Niger||CFA franc
|-
|NIN||
Nigeria||Naira
|-
|RWF||
Rwanda||Rwandan franc
|-
|STD||
São Tomé and Príncipe||Dobra
|-
|XOF||
Senegal||CFA franc
|-
|SCR||
Seychelles||Seychellois rupee
|-
|SLL||
Sierra Leone||Sierra Leonean leone
|-
|SOS||
Somalia||shilling
|-
|ZAR||
South Africa||South African rand
|-
|SDG||
Sudan||Sudanese dinar
|-
|SZL||
Swaziland||Lilangeni
|-
|TZS||
Tanzania||East African shilling
|-
|XOF||
Togo||CFA franc
|-
|TND||
Tunisia||Tunisian dinar
|-
|UGX||
Uganda||East African shilling
|-
|ZMK||
Zambia||Zambian kwacha
|-
|ZWD||
Zimbabwe||American dollar
|-
|}
Medium of exchange
A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system.By contrast, as William Stanley Jevons argued, in a barter system there must be a coincidence of wants before two people can trade – one must want exactly what the other has to offer, when and...
. This started to change from the 17th century onwards (though there is still some slavery), as Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
an colonial powers introduced their own monetary system
Monetary system
A monetary system is anything that is accepted as a standard of value and measure of wealth in a particular region.However, the current trend is to use international trade and investment to alter the policy and legislation of individual governments. The best recent example of this policy is the...
into the countries they administered. As Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
n countries achieved independence during the 20th century, some retained the new denominations that had been introduced, though others renamed their currencies for various reasons. Today inflation often creates a demand for more stable (but forbidden) foreign currency, while in rural areas the original bartering system is still in widespread usage.
African History
In pre-colonial times African currency included shells, ingots, arrowheads, iron, human beings, salt, cattle, goats, blankets, axes, beads, and many others. In the early 19th century a slave could be bought in West Africa with manilla currency; multiples of X-shaped rings of bronze or other metal that could be strung on a staff. Concubines could also be bought for sex or for any number of exchangeable items with a 'store of valueStore of value
A recognized form of exchange can be a form of money or currency, a commodity like gold, or financial capital. To act as a store of value, these forms must be able to be saved and retrieved at a later time, and be predictably useful when retrieved....
'. Dowry
Dowry
A dowry is the money, goods, or estate that a woman brings forth to the marriage. It contrasts with bride price, which is paid to the bride's parents, and dower, which is property settled on the bride herself by the groom at the time of marriage. The same culture may simultaneously practice both...
or bride price
Bride price
Bride price, also known as bride wealth, is an amount of money or property or wealth paid by the groom or his family to the parents of a woman upon the marriage of their daughter to the groom...
or Lobolo
Lobolo
Lobolo or Lobola in Zulu, Xhosa and Ndebele; is sometimes translated as bride price) is a traditional Southern African custom whereby the man pays the family of his fiancée for her hand in marriage...
items were usually of diverse nature: cows, blankets, clay pots, and so on. Coins were used in Northern and Eastern Africa from Egyptian times onwards due to ongoing trade contact with Europe and Asia.
During Colonial times (roughly from 1680 to 1990) the respective colonial powers introduced their own currencies to their colonies or produced local versions of their currencies. Examples include the Somali shilling
Somali shilling
The Somali shilling is the official currency of Somalia...
; the Italian East African lira
Italian East African lira
The lira was the currency of Italian East Africa between 1938 and 1941. It was equivalent to the Italian lira and Italian currency circulated, together with banknotes first issued in 1938. In Italian Somaliland, the lira was already circulating...
; and the African franc (in Francophone countries). Many post-colonial governments have retained the name and notional value unit system of their prior colonial era currency. For example the British West African pound was replaced by the Nigerian pound
Nigerian pound
The pound was the currency of Nigeria between 1907 and 1973. Until 1958, Nigeria used the British West African pound, after which it issued its own currency. The pound was subdivided into 20 shillings, each of 12 pence...
which is still divided into shillings.
A different trend is seen when the predominant foreign power relationship changes, causing a change in the currency: the East African rupee
East African rupee
The rupee was the currency of Britain's East African colonies and protectorates between 1906 and 1920. It was divided into 100 cents.The rupee replaced the Indian rupee, which had previously circulated. In 1920, the rupee was revalued against sterling to a peg of 1 rupee = 2 shillings...
(from long-term trade with Arabia and India) was replaced by the East African shilling
East African shilling
The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969. It was produced by the East African Currency Board...
after the British become the predominant power in the region. Other countries threw off the dominant currency of a neighbour; the Botswana pula
Botswana pula
The pula is the currency of Botswana. It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana - home to much of the Kalahari Desert - and therefore valuable. Pula also means "blessing" as rain is considered a...
replaced the South African rand
South African rand
The rand is the currency of South Africa. It takes its name from the Witwatersrand , the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c"...
in Botswana in 1976. Some countries have not changed their currency despite being post-colonial, for example Uganda retains the Ugandan shilling
Ugandan shilling
The Shilling is the currency of Uganda. Technically, the shilling is subdivided into 100 cents but no subdivisions have been issued since the revaluation of the shilling in 1987.-History:...
.
Many Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
n countries change their currency's appearance when a new government takes power (often the new head of state will appear on bank notes), though the notional value remains the same. Also, in many African currencies there is such rampant inflation that re-valuing must take place every so often (viz. the Zimbabwe dollar). There is a thriving street trade by unlicensed street traders in US dollars or other stable currency, which are seen as a hedge against local inflation. The exchange rate is grossly more favourable to the seller of the foreign currency than is the official bank rate, and is usually labelled a crime.
In many rural areas there is still a strong bartering culture, the exchanged items being of more immediate value than official currency (you can eat a chicken but not a coin). Even where currency is used, haggling over prices is very common. This is in contrast with the pre-independence Rhodesian dollar
Rhodesian dollar
The dollar was the currency of Rhodesia between 1970 and 1980. It was subdivided into 100 cents.-History:The dollar was introduced on February 17, 1970, less than a month before the declaration of a republic on March 2, 1970. It replaced the pound at a rate of 2 dollars to 1 pound...
which was always a strong currency linked to the British pound.
There is a planned West African Monetary Zone among Anglophone African countries planned for implementation in 2009. Similarly in East Africa
East Africa
East Africa or Eastern Africa is the easterly region of the African continent, variably defined by geography or geopolitics. In the UN scheme of geographic regions, 19 territories constitute Eastern Africa:...
, the member countries of the East African Community
East African Community
The East African Community is an intergovernmental organisation comprising the five east African countries Burundi, Kenya, Rwanda, Tanzania, and Uganda. Pierre Nkurunziza, the President of the Republic of Burundi, is the current Chairman of the East African Community. The EAC was originally...
plan to introduce a single currency, the East African Shilling
East African shilling
The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969. It was produced by the East African Currency Board...
in 2012.
The African Union
African Union
The African Union is a union consisting of 54 African states. The only all-African state not in the AU is Morocco. Established on 9 July 2002, the AU was formed as a successor to the Organisation of African Unity...
has proposed a single currency, the Afro
Afro (currency)
The African Monetary Union is the proposed creation of an economic and monetary union for the countries of the African Union, administered by the African Central Bank...
, for the entire continent by 2023.
Present Currencies
{| style="font-size:95%;"|-
| width="80%" align="center" | Present Currencies of African Countries
|- valign="top"
|
{| class="wikitable sortable" style="margin-left:auto;margin-right:auto"
! style="width:2em;" |Currency ISO!!Country !!Currency
|-
|DZD||
Algeria||Algerian dinarAlgerian dinar
The dinar is the currency of Algeria and it is subdivided into 100 santeem .-History:The dinar was introduced on 1 April 1964, replacing the Algerian new franc at par.-Coins:...
|-
|AOA||
Angola||Kwanza|-
|XOF||
Benin||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|BWP||
Botswana||PulaBotswana pula
The pula is the currency of Botswana. It has the ISO 4217 code BWP and is subdivided into 100 thebe. Pula literally means "rain" in Setswana, because rain is very scarce in Botswana - home to much of the Kalahari Desert - and therefore valuable. Pula also means "blessing" as rain is considered a...
|-
|XOF||
Burkina Faso||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|BIF||
Burundi||Burundi franc|-
|XAF||
Cameroon||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|CVE||
Cape Verde||Cape Verdean escudo|-
|XAF||
Central African Republic||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|XAF||
Chad||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|KMF||
Comoros||Comorian francComorian franc
The franc is the official currency of Comoros. It is nominally subdivided into 100 centimes, although no centime denominations have ever been issued.-History:...
|-
|XAF||
Republic of the Congo||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|CDF||
Democratic Republic of the Congo||Congolese francCongolese franc
The franc is the currency of the Democratic Republic of Congo. It is subdivided into 100 centimes.-First franc, 1887-1967:During Belgian colonial rule, currency denominated in centimes and francs was issued for use in Congo. These francs were equal in value to the Belgian franc. From 1916, the...
|-
|DJF||
Djibouti||Djiboutian francDjiboutian franc
The franc is the currency of Djibouti. The ISO 4217 currency code is DJF. Historically it was subdivided into 100 centimes.- History :...
|-
|EDP||
Egypt||Egyptian poundEgyptian pound
The Egyptian Pound is the currency of Egypt. It is divided into 100 Qirsh , or 1,000 Milliemes ....
|-
|XAF||
Equatorial Guinea||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|ERN||
Eritrea||NakfaEritrean nakfa
The nakfa is the currency of Eritrea. It is divided into 100 cents. The currency was introduced in 1997 to replace the Ethiopian birr at par, and it was named after the town of Nakfa.For an earlier currency of Eritrea, see tallero....
|-
|ETB||
Ethiopia||Ethiopian birrEthiopian birr
The birr is the unit of currency in Ethiopia. Before 1976, dollar was the official English translation of birr. Today, it is officially birr in English as well....
|-
|XAF||
Gabon||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|GMD||
The Gambia||Dalasi|-
|GHS||
Ghana||Ghanaian cediGhanaian cedi
The Ghana Cedi is the unit of currency of Ghana. The word "cedi" is derived from the Akan word for cowry shell. The Ghana cedi was introduced on 3 July 2007 and is equal to 10,000 old cedis...
|-
|GNF||
Guinea||Guinean francGuinean franc
-First Guinean franc:The first Guinean franc was introduced in 1959 to replace the CFA franc. There were 1, 5, 10 and 25 francs coins with banknotes in 50, 100, 500, 1000, 5000 and 10,000 francs denominations. A second series of banknotes was issued in 1960, without the 10,000 francs...
|-
|XOF||
Guinea-Bissau||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|XOF||
Côte d'Ivoire||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|KES||
Kenya||Kenyan shillingKenyan shilling
The shilling is the currency of Kenya. It is divisible into 100 cents.-Coins:The first coins were issued in 1966 in denominations of 5, 10, 25 and 50 cents, and 1 and 2 shillings. Twenty-five cents coins were not minted after 1969; 2 shillings coins were last minted in 1971...
|-
|LSL||
Lesotho||LotiLesotho loti
The loti is the currency of the Kingdom of Lesotho. It is subdivided into 100 lisente . It is pegged to the South African rand on a 1:1 basis through the Common Monetary Area, and both are accepted as legal tender within Lesotho. The loti was first issued in 1966, albeit as a non-circulating...
|-
|LRD||
Liberia||Liberian dollarLiberian dollar
The dollar has been the currency of Liberia since 1943. It was also the country's currency between 1847 and 1907. It is normally abbreviated with the dollar sign $, or alternatively L$ or LD$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.-First dollar:The...
|-
|LYD||
Libya||Libyan dinarLibyan dinar
The dinar is the currency of Libya. Its ISO 4217 code is "LYD". The dinar is subdivided into 1000 dirham . It was introduced in 1971 and replaced the pound at par. It is issued by the Central Bank of Libya, which also supervises the banking system and regulates credit...
|-
|MGA||
Madagascar||Malagasy ariaryMalagasy ariary
The ariary is the currency of Madagascar. It is subdivided into 5 iraimbilanja and is one of only two non-decimal currencies currently circulating . The names ariary and iraimbilanja derive from the pre-colonial currency, with ariary being the name for a silver dollar...
|-
|MWK||
Malawi||Malawian kwachaMalawian kwacha
The kwacha is the currency of Malawi as of 1971, replacing the Malawian pound. It is divided into 100 tambala. The kwacha replaced other types of currency, namely British, South African and Rhodesian, that had previously circulated through the Malawian economy...
|-
|XOF||
Mali||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|MRO||
Mauritania||Ouguiya|-
|MUR||
Mauritius||Mauritian rupeeMauritian rupee
The rupee is the currency of Mauritius.It is theoretically divided into 100 cents; however, as at October 2011, only 5 and 20 cent coins, are currently in circulation, the latest mintage of these two coins was in 2010. A Half Rupee coin is also in circulation.-History:The rupee was established by...
|-
|MAD||
Morocco||Moroccan dirhamMoroccan dirham
The dirham is the currency of Morocco. The plural form is pronounced darahim, although in French and English "dirhams" is commonly used. Its ISO 4217 code is "MAD". It is subdivided into 100 santimat . The dirham is issued by the Bank Al-Maghrib, the central bank of Morocco...
|-
|MZN||
Mozambique||Mozambican meticalMozambican metical
The metical is the currency of Mozambique, abbreviated with the symbol MZN or MTn. It is nominally divided into 100 centavos.-First metical :...
|-
|NAD||
Namibia||Namibian dollarNamibian dollar
The dollar has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies...
|-
|XOF||
Niger||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|NIN||
Nigeria||Naira|-
|RWF||
Rwanda||Rwandan francRwandan franc
The Rwandan franc is the currency of Rwanda. It is subdivided into 100 centimes.-History:...
|-
|STD||
São Tomé and Príncipe||DobraSão Tomé and Príncipe dobra
The dobra is the currency of São Tomé and Príncipe. It is abbreviated Db and is divided into 100 cêntimos, although inflation has rendered the cêntimo obsolete. The dobra was introduced in 1977, replacing the escudo at par....
|-
|XOF||
Senegal||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|SCR||
Seychelles||Seychellois rupee|-
|SLL||
Sierra Leone||Sierra Leonean leoneSierra Leone
Sierra Leone , officially the Republic of Sierra Leone, is a country in West Africa. It is bordered by Guinea to the north and east, Liberia to the southeast, and the Atlantic Ocean to the west and southwest. Sierra Leone covers a total area of and has an estimated population between 5.4 and 6.4...
|-
|SOS||
Somalia||shillingShilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...
|-
|ZAR||
South Africa||South African randSouth African rand
The rand is the currency of South Africa. It takes its name from the Witwatersrand , the ridge upon which Johannesburg is built and where most of South Africa's gold deposits were found. The rand has the symbol "R" and is subdivided into 100 cents, symbol "c"...
|-
|SDG||
Sudan||Sudanese dinarSudanese dinar
The dinar was the currency of Sudan between June 8, 1992 and January 10, 2007. Its ISO 4217 code is "SDD". It is now replaced by the pound.-History:...
|-
|SZL||
Swaziland||Lilangeni|-
|TZS||
Tanzania||East African shillingEast African shilling
The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969. It was produced by the East African Currency Board...
|-
|XOF||
Togo||CFA francCFA franc
The CFA franc is the name of two currencies used in Africa which are guaranteed by the French treasury. The two CFA franc currencies are the West African CFA franc and the Central African CFA franc...
|-
|TND||
Tunisia||Tunisian dinarTunisian dinar
The dinar is the currency of Tunisia. It is subdivided into 1000 milim or millimes . The abbreviation DT is often used in Tunisia, although writing "dinar" after the amount is also acceptable ; the abbreviation TD is also mentioned in a few places, but is less frequently used, given the common use...
|-
|UGX||
Uganda||East African shillingEast African shilling
The shilling was the currency issued for use in British controlled areas in East Africa from 1921 until 1969. It was produced by the East African Currency Board...
|-
|ZMK||
Zambia||Zambian kwachaZambian kwacha
The kwacha is the currency of Zambia. It is subdivided into 100 ngwee.-Etymology:The name derives from the Nyanja and Bemba word for "dawn", alluding to the Zambian nationalist slogan of a "new dawn of freedom"...
|-
|ZWD||
Zimbabwe||American dollar|-
|}
External links
- Central banks and currencies of AfricaCentral banks and currencies of AfricaThere are two African currency unions associated with multinational central banks; the West African Banque Centrale des Etats de l'Afrique de l'Ouest and the Central African Banque des Etats de l'Afrique Centrale...
- Profile of the African Union