Nigeria and South Sudan Ranked Among Africa's Weakest Currencies
1 report, 1 independent
Updated Oct 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
An ranking of African currencies by nominal exchange rate, published on October 11, 2026, identified South Sudan’s pound as the second weakest currency on the continent. Nigeria’s naira was also listed among the top ten weakest currencies. South Sudan’s currency weakness is attributed to conflict, oil dependence, and repeated economic shocks since 2011.
From kenya-today.com
Why it matters
The ranking highlights significant currency volatility in several African nations. While the nominal exchange rate does not measure purchasing power or inflation-adjusted value, the weak rates reflect economic pressures in countries like South Sudan.
From kenya-today.com
Who's involved
- NigeriaSovereign state whose naira was listed among the top ten weakest currencies.
- South SudanCountry whose pound was ranked second among African currencies.
Keep exploring
The entities involved
-
Nigeria
sovereign state in West Africa
-
South Sudan
country in East Africa
Related events
- Nigeria is currently engaged in a competitive landscape against South Africa, Ghana, Egypt, and Kenya for regional and foreign investment, with the Naira's performance being a key factor.
- A report examined tech companies in Nigeria and Egypt, finding that currency depreciation is forcing them to operate across African markets.