Revealed: Top 10 weakest currencies in Africa, see naira's position

• The Central Bank of Nigeria has been applying fiscal measures to fortify the naira and curb inflation
• These measures person resulted successful immoderate short-term wins, but the naira has not appreciated significantly
• Based connected the currency study by the extremity of June 2025, Nigeria and others are connected the database of the apical 10 countries with the weakest currencies

Ruth Okwumbu-Imafidon, a writer with Legit.ng, has implicit a decennary of acquisition successful concern reporting crossed integer and mainstream media.

As the 2nd fractional of 2025 begins, respective countries proceed to grapple with currency devaluation and different economical challenges.

African countries person peculiarly applied respective policies and measures to support their economies stable, trim import dependence, and code different economical issues.

Some currencies, specified arsenic the Nigerian naira and the Egyptian pound, person weakened sharply successful the archetypal half, portion others person shown betterment acknowledgment to accrued export volumes and favorable monetary policies.

CBN reforms person helped the naira admit successful caller times. Photo credit: Contributor, CBN
Source: UGC

The implications of the weaker currency are chiefly higher inflation, arsenic seen successful Nigeria, but information from the National Bureau of Statistics person shown that inflation is declining.

As of June 30, 2025, respective African nations proceed to look currency depreciation, reflecting broader economical challenges similar inflation, constricted overseas reserves, and fiscal instability.

Top 10 countries with the weakest currencies

Below is the ranking of the 10 countries connected the continent with the lowest-valued currencies against the US dollar, based connected the information from the Forbes Currency Calculator arsenic computed by Business Insider Africa.

1. São Tomé and Príncipe: The land federation has the astir devalued currency successful Africa. The Dobra is presently exchanging astatine astir 22,281.80 units per US dollar, making it the weakest connected the continent.
2. Sierra Leone: The Leone remains nether pressure, trading astatine astir 20,969.50/$.
3. Guinea: The Guinean Franc continues to look headwinds, with the speech complaint astatine 8,657.48/$, keeping it among the astir devalued African currencies.
4. Uganda: The Ugandan Shilling presently trades astatine astir 3,605.57/$, placing the East African state successful 4th presumption connected the list.
5. Burundi: With a complaint of 2,975.85/$, the Burundian Franc continues to bespeak economical strain, placing it among the weaker currencies successful the region.
6. Democratic Republic of the Congo: The Congolese Franc stands astatine 2,905.28/$, underscoring the persistent monetary and fiscal challenges facing the country.
7. Tanzania: Despite caller economical reforms, the Tanzanian Shilling trades astatine 2,653.06/$, showing ongoing currency instability.
8. Malawi: The Malawian Kwacha is valued astatine 1,732.71/$, pointing to continued pressures connected the country’s overseas speech market.
9. Nigeria: The Naira is presently exchanging astatine astir N1,553.68/$. Though it has seen flimsy betterment recently, it remains 1 of Africa’s weakest currencies.
10. Rwanda: Concluding the list, the Rwandan Franc trades astatine 1,448.29/$.

Nigeria has the ninth weakest currency successful Africa. Photo credit: Pius Utomi Ekpei
Source: Getty Images

For Nigerians, the CBN reforms are yielding immoderate bully results arsenic July 2025 has started connected a beardown note, with the naira appreciating against the dollar.

How Nigeria tin payment from a weaker currency

In related news, the naira has depreciated tremendously successful the past 25 months, going from N460 to N1,600 to a dollar.

Despite the depreciation, economical experts person powerfully resisted the government's efforts to artificially boost the naira.

In an interrogation with Legit.ng, an economist and information adept listed ways that Nigerians tin benefit much from a weaker currency.

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Source: Legit.ng