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  1. Jan 30, 2020 · Residents of the first European Union countries that adopted the euro began using the banknotes and coins on January 1, 2002. People had to use up all their cash in the countries' old paper money and coinage before mid-year that year, when they would no longer be accepted in monetary transactions and the euro would be used exclusively.

    • Matt Rosenberg
    • Geography Expert
  2. After Africa got its independence in the 20th century, the majority of the countries retained the same currency that the colonial powers had brought here or introduced whilst others had renamed it. By the end of the year 2013, the currency Zambian Kwacha or ZMW was identified as the strongest of all the currencies in Africa.

    Country
    Currency
    Iso-4217
    Algerian dinar
    DZD
    Angolan kwanza
    AOA
    Saint Helena pound
    SHP
    West African CFA franc
    XOF
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  4. The 23 European Countries usingEuro’, it is popularly known as “Eurozone”. Some nations outside of the Eurozone primarily trade using the ‘Eurocurrency. Kosovo and Montenegro also use the euro as their only currency. The ‘Euro’ is under the jurisdiction of the European Central Bank and the Eurosystem.

  5. Apr 25, 2017 · The South African Rand, abbreviated as ZAR, is the legal tender used in South Africa, Lesotho, Swaziland, and Lesotho. The ZAR is the only currency in the continent which is officially used in four countries. Introduced by the colonial government in 1961, it replaced the South African Pound and was once the most valuable currency in the continent.

    Rank
    Country
    Currency
    1
    Algeria
    Algerian dinar
    2
    Angola
    Kwanza
    3
    Benin
    CFA franc
    4
    Botswana
    Pula
    • Exchange Rates
    • Cash, Cards Or Traveler's cheques?
    • Money & Safety in Africa
    • Official African Currencies

    Exchange rates for many African currencies are volatile, so it's usually best to wait until you arrive before exchanging your foreign cash into local money. Often, the cheapest way to obtain local currency is to draw it directly from the ATM, rather than paying commission at airport bureaus or city exchange centers. If you prefer to exchange cash, convert a small amount upon arrival (enough to pay for transport from the airport to your initial hotel), then exchange the rest in town where it's cheaper. Make sure to download a currency converter app, or use a website like this oneto double check the latest exchange rates before agreeing to a fee.

    Traveler's cheques are outdated and very rarely accepted in Africa, especially in rural areas. Both cash and cards have their own set of pros and cons. Carrying large amounts of cash on your person is inadvisable in Africa from a safety perspective, and unless your hotel has a trustworthy safe, it's not a good idea to leave it in your hotel room either. If possible, leave the majority of your money in the bank, using an ATM to draw it in small installments as required. However, while cities in countries like Egypt and South Africa have a wealth of ATMs, you may be hard-pressed to find one in a remote safari camp or on a tiny Indian Ocean island. If you're traveling to places where ATMs are either unreliable or non-existent, you'll need to draw the cash that you intend on spending in advance. Wherever you go, it's a good idea to carry coins or small notes for tippingthe slew of people that you'll meet on your journey, from car guards to gas station attendants.

    So, if you're forced to draw large amounts of cash, how do you keep it safe? Your best bet is to split your cash, keeping it in several different locations (one rolled up in a sock in your main luggage, one in a secret compartment in your backpack, one in a hotel safe etc). In this way, if one bag is stolen, you'll still have the other cash stashes to fall back on. Don't carry your wallet in an oversized, obvious purse—instead, invest in a money belt or keep notes folded in a zipped pocket instead. If you decide to go the card route, be very aware of your surroundings at ATMs. Choose one in a safe, well-lit area, and make sure not to let anyone stand close enough to see your PIN. Be aware of con artists offering to help you make your withdrawal, or asking you for help making theirs. If someone approaches you while you're drawing money, be careful that they're not acting as a distraction while someone else seizes your cash. Staying safe in Africais easy—but common sense is essential.

    Algeria: Algerian dinar (DZD) Angola: Angolan kwanza (AOA) Benin: West African CFA franc (XOF) Botswana: Botswanan pula (BWP) Burkina Faso: West African CFA franc (XOF) Burundi: Burundian franc (BIF) Cameroon: Central African CFA franc (XAF) Cape Verde: Cape Verdian escudo (CVE) Central African Republic: Central African CFA franc (XAF) Chad: Central African CFA franc (XAF) Comoros: Comorian franc (KMF) Cote d'Ivoire: West African CFA franc (XOF) Democratic Republic of the Congo: Congolese franc (CDF), Zairean zaire (ZRZ) Djibouti: Djiboutian franc (DJF) Egypt: Egyptian pound (EGP) Equatorial Guinea: Central African CFA franc (XAF) Eritrea: Eritrean nakfa (ERN) Ethiopia: Ethiopian birr (ETB) Gabon: Central African CFA franc (XAF) Gambia: Gambian dalasi (GMD) Ghana: Ghanaian cedi (GHS) Guinea: Guinean franc (GNF) Guinea-Bissau: West African CFA franc (XOF) Kenya: Kenyan shilling (KES) Lesotho: Lesotho loti (LSL) Liberia: Liberian dollar (LRD) Libya: Libyan dinar (LYD) Madagascar: Mala...

  6. Euro area member countries. Although all EU countries are part of the Economic and Monetary Union (EMU), 19 of them have replaced their national currencies with the single currency – the euro. These EU countries form the euro area, also known as the eurozone. Austria. Belgium.

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