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What currencies are used in Africa?

The West African CFA franc used by 8 independent countries and the Central African franc used by 6 different countries are the two notable ones amongst the different national currencies that are circulated across the African continent.

Which African countries are planning to introduce a single currency?

Most of the African regions such as West Africa is planning to introduce West African Monetary zone that comprises of the Anglophone countries to have a common currency. In the same way, the member countries of the East African community are looking forward to introducing the single currency i.e. the East African Shilling.

What currency does South Africa use?

The South African Rand is the only currency of the continent that is used in four countries officially. Introduced in the year 1961 by the colonial government the South African Rand replaced the South African Pound and was one of the most valuable currencies used across the world.

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