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Youngancient
LIST OF THE FEW AFRICAN COUNTRIES THAT PRINT THEIR CURRENCY.
~1.3 mins read


The African continent is made of 54 countries and only 9(nine) countries can make their currencies and mint their coins. Nigeria, Morocco, Egypt, Algeria, South Africa, Zimbabwe, Kenya, Sudan, and The Democratic Republic of Congo are the only countries that have the resources to print their banknotes.

About 40 countries in the continent print their money in the United Kingdom, France, and Germany. African countries like Ethiopia, Libya, Ghana, and Angola along with 13 other countries place orders from British banknote printing giant De La Rue. About 7 other countries like Tanzania, and South Sudan, print theirs in Germany's Giesecke+Devrient, and most French-speaking African countries make their banknotes from the France's central bank.

The Nigerian banknote printed in the Central Bank of Nigeria is called Nigerian Naira. In Kenya, it's called Kenyan Shillings printed in the Central Bank of Kenya. Morocco has Moroccan Dirhams. Egypt's currency is the Egyptian Pound. Sudan has the Sudanese Pound. Algeria has the Algerian Dinar. The Democratic Republic of Congo has the Congolese Franc. South Africa uses the South African rand as their currency. Zimbabwe has the Real Time Gross Settlement (RTGS) dollar or RTG (which is also known as Zimdollar or Zollar.

The major reason why most African countries can not print their currencies is the expensive nature of the process of making money. Meanwhile, the 9 African countries have enough resources and capacity through well-built structures/agencies to carry out the process of money-making or printing in their territories.


Photo credit: Facebook
Sources:
1.https://www.pulselive.co.ke/business/9-african-countries-print-their-own-currency-among-them-kenya-nigeria-south-africa/qkecx79
2.https://en.m.wikipedia.org/wiki/List_of_currencies_in_Africa





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Youngancient

New vs. Old (still the same)

Naira Resigned Samples
~0.5 mins read
The Resigning of Nigerian currency (Naira) by the President Buhari and CBN sparked heavy reactions from the citizens both those home and abroad. Most persons complained that it's a just a change of colour, others called it bleaching but at the end, It's still what we had several years ago.

From the display picture, we can all see that there's nothing really new about our change of colours on our Nigerian currency. This was what we had before so it's back again!!💁

So we don't really need to throw negative comments at the new designed Naira but embrace and await the official release of the currency in the economy.

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