Top 10 African countries with the weakest currencies in February 2025

Africa gains from having a strong currency in many ways, such as commerce, investment, regional integration, and geopolitical influence, much like the rest of the globe. In contrast, these are affected when a country’s currency has little strength.

Business Insider Africa presents the top 10 African countries with the weakest currencies in February 2025.
This list is courtesy of the Forbes currency calculator.
São Tomé and Prínciperanks number 1 on the list.

African nations with weak currencies in contrast to the dollar confront substantial economic challenges ranging from rising inflation and decreased buying power to diminishing investor confidence and adverse trade circumstances.

When a currency is weak, it leads to an unstable investment climate. Domestic and international investors are afraid of nations with volatile currencies since the danger of unanticipated currency depreciation might reduce earnings and capital investments.

Foreign direct investment (FDI) is less likely to flow into nations with weak or volatile currencies since investors prefer markets with more security and long-term development prospects.

Furthermore, firms operating in such contexts have unexpected operational costs, making it difficult to plan growth projects efficiently.

African countries with weak currencies frequently have to pay more for imported commodities and have a harder time negotiating advantageous trade agreements.

This shortcoming makes it more difficult for companies to purchase cutting-edge equipment, raw materials, and technology at competitive costs, which lowers industrial output.

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Furthermore, a weak currency reduces a nation’s ability to negotiate in regional trade blocs like the African Continental Free Trade Area (AfCFTA), which lowers the competitiveness of exports and impedes attempts at economic integration.

In the end, one of the worst consequences of having a weak currency is excessive inflation.

Food, gasoline, and technology are among the necessities that many African countries mostly import. Consumer prices for products and services rise as a result of rising import costs brought on by a declining currency.

While several African countries boast some of the world’s best-performing currencies it also has some of the worst, predominantly in nations struggling with economic instability.

With that said, here are the weakest currencies currently according to the Forbes currency converter, last updated on 26th of February 2025.