What is African money called?


Quick Answer

Africa is a large continent made up of many different countries, with each having its own currency. Therefore, it's necessary to consult a list of world currencies to find specific currency names for each African nation. Going in alphabetical order, Algeria uses the dinar as currency. Angolans exchange kwanzaa. The pula reigns in Botswana. The people of Burundi shop with the Burundi franc.

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Full Answer

Several African countries use a unique version of the franc, as a preferred currency, due to these areas at one time being French colonies. Therefore, the nations of Cameroon, Chad, the Republic of Congo, Guinea, Ivory Coast, Niger, Rwanda, Senegal and Togo all have versions of the franc. Remnants of European colonial influence on African currency also appear in countries like Kenya, Somalia, Tanzania and Uganda, where they use the schilling. The Egyptians and Sudanese call their currencies the pound, which originated in England.

It is interesting to note that Mauritius and Seychelles have their own versions of the rupee, a currency common to India. Liberia, a country created by U.S. citizens and former African American slaves, is the only African country to model its currency after the dollar. Liberians trade with the Liberian dollar. As stated, many countries have unique currency names.

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