Economic Bulletin: Africa-CurrencyEconomic Bulletin: Africa-Currency
August 17, 1999
CFA Franc Depreciates
DAKAR, Senegal (PANA) - After maintaining stability in the past one month and half, the CFA franc dropped a few francs this week, averaging 620.80 for one US dollar from 608.64 last week and 612.60 to the greenback two weeks ago.
In Dakar, the currency exchanged at 609 (buying) and 639 (selling) for one dollar from 596 (buying) and 626 (selling) to the American currency on the same day last week.
The following are Tuesday's average exchange rates of African currencies against the US dollar:
Country Currency Current Rate Previous Rate
Algeria Dinar 67.13 (62.61)
Angola Kwanza 3,018,363.00 (2,276,604.50)
Botswana Pula 4.64 (4.50)
Burundi Franc 435.75 (405.69)
Cape Verde Escudo 100.00 (97.00)
CFA Zone * Franc 620.80 (608.64)
Comoros Franc 450.00 (430.40)
Congo (DRC) DRC Franc 5.00 (2.80)
Djibouti Franc 177.00 (179.56)
Egypt Pound 3.45 (3.42)
Eritrea Nakfa 7.25 (7.30)
Ethiopia Birr 8.18 (7.9)
Gambia Dalasi 10.90 (10.00)
Ghana Cedi 2,568.32 (2,534.86)
Guinea Franc 1,243.54 (1,223.00)
Kenya Shilling 74.10 (72.58)
Lesotho Maloti 6.07 (6.13)
Liberia Dollar 40.00 (47.00)
Libya Dinar 0.30 (0.30)
Madagascar Franc 5,478.08 (5,050.00)
Malawi Kwacha 42.55 (42.75)
Mauritania Ouguiya 204.00 (143.00)
Mauritius Rupee 24.05 (20.30)
Morocco Dirham 9.80 (9.69)
Mozambique Metical 12,75.10 (12,325.00)
Namibia Dollar 6.06 (6.02)
Nigeria Naira 102.00 (105.00)
Rwanda Franc 345.00 (313.89)
Sao Tome & Principe Dobra 2,390.00 -
Seychelles Rupee 5.10 (5.00)
Sierra Leone Leone 1,550.00 (820.00)
Somalia Shilling 2,620.00 -
South Africa Rand 6.10 (6.17)
Sudan Dinar 220.00 (2,000.00)
Swaziland Lilangeni 6.05 (6.07)
Tanzania Shilling 769.23 (775.19)
Tunisia Dinar 1.15 (1.14)
Uganda Shilling 1,380.00 1,379.00
Zambia Kwacha 2,400.00 (2,300.00)
Zimbabwe Dollar 37.57 (37.73)
European Union Euro 1.09 (1.07)
IMF/World Bank SDR 1.65 (1.36)
*CFA - Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Congo (Brazzaville), Cote d'Ivoire, Equatorial Guinea, Gabon, Guinea-Bissau, Mali, Niger, Senegal and Togo.
--------------------------------------------------------------------------------
This site is part of AFRICA NEWS ONLINE.
Send your thoughts to [log in to unmask] for our Readers' Forum.
When commenting on a story, please indicate the article name and date.
--------------------------------------------------------------------------------
Copyright © 1999 Panafrican News Agency. All Rights Reserved.
Material may not be redistributed, posted to any other location, published or used for broadcast without written authorization from the Panafrican News Agency. B.P. 4056, Dakar, Senegal.
Tel: (221) 824-13-95 | Fax: (221) 824-13-90 | E-mail: [log in to unmask]
[ Daily News | Sports | Economics | Environment | Science & Health | Weekly Review ]
|
