(MUST SEE) The 5 Worst-performing Currencies In Africa And How Much They Have Lost In Value Versus The US Dollar

In Africa, the Liberian dollar is the worst currency so far in 2019, dropping 23.7% of its value against the US dollar in the forex market.

Charlie Bilello, a prominent US investor and Director of Research at Pension Partners LLC, recently released this in a tweet.

Bilello via @charliebilello compile data on currency economic issues including stock market report, foreign exchange, crude oil analysis, and others.

Angolan Kwanza followed the Liberian local currency, shedding 15.6% of its value while the Ghanaian Cedi lost 10.9% in value against the dollar this year.

Across the world, Venezuelan Bolivar has dropped by almost 100% against the US dollar this year alone.

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Over the last five years, Sudanese Pound weakened 87.4% in value against the dollar while Angola Kwanza, Egyptian Pound, Liberian Dollar, and Nigerian Naira lost 73.3%, 56.3%, 55.3%, and 55.2% respectively.

Here are the 5 worst performing African currencies in 2019:

Liberian Dollar (LSD) 31.9%

Angola Kwanza (AOA) 15.6%

Ghanaian Cedi (GHS) 10.9%

Sierra Leonean Leone (SLL) 10.1%

Mauritian Rupee (MUR) 5.2%.

The post (MUST SEE) The 5 Worst-performing Currencies In Africa And How Much They Have Lost In Value Versus The US Dollar appeared first on Naijaloaded | Nigeria’s Most Visited Music & Entertainment Website.