Countdown of African Countries Experiencing the Greatest Currency Depreciation in 2025

In recent times, several African nations have been grappling with currency devaluation issues. Here's a look at some of the countries experiencing these challenges and the factors contributing to their struggles.

Rwanda The Rwandan Franc is currently trading at 1,438.7 per US dollar, having faced depreciation due to rising inflation and trade imbalances. Despite the central bank's monetary tightening measures, external shocks continue to weaken the currency, with increasing fuel and food import costs putting additional strain.

Malawi The Malawian Kwacha, now trading at 1,733.2 per US dollar, has depreciated due to the government's decision to meet International Monetary Fund (IMF) requirements by devaluing the currency. Malawi's heavy reliance on agricultural exports and foreign aid leaves it vulnerable to external shocks.

Uganda The Ugandan Shilling is valued at 3,665.4 per US dollar and has faced devaluation pressures from external debt, fluctuating export revenues, global financial conditions, and rising inflation.

Burundi The Burundian Franc is now at 2,962.7 per US dollar and has depreciated due to economic mismanagement, trade deficits, sanctions, and limited access to international financial markets.

Nigeria Nigeria's Naira is trading at 1,528.4 per US dollar. The recent removal of fuel subsidies has contributed to inflation, putting additional strain on the currency. Government policies, including multiple exchange rates and capital controls, have failed to prevent further depreciation of the Naira. Persistent forex shortages, worsened by dwindling oil revenues, further exacerbate the situation.

Sierra Leone The Sierra Leonean Leone has fallen drastically, now trading at 20,969.5 per US dollar. The country's economic struggles are fueled by weak exports, poor governance, and high inflation. Despite a redenomination attempt in 2022 aimed at simplifying transactions, the currency has not been stabilized, leading to further devaluation.

São Tomé & Príncipe The Dobra of São Tomé & Príncipe is the most severely devalued currency in Africa, now valued at 22,281.8 per US dollar. The tiny economy of São Tomé & Príncipe relies heavily on foreign aid, tourism, and cocoa exports, making it difficult for businesses and citizens to plan long-term financial decisions due to its high instability.

Tanzania Tourism and agriculture remain key economic drivers in Tanzania, but rising global commodity prices have impacted foreign exchange reserves. The Tanzanian Shilling is valued at 2,650 per US dollar, and the central bank's interventions have provided temporary relief, but long-term stability remains uncertain. The currency has steadily depreciated due to trade deficits and external debt burdens.

Congo (Kinshasa) The Congolese Franc is trading at 2,865.2 per US dollar and is suffering from chronic instability due to factors such as global price fluctuations, political uncertainty, and corruption.

Guinea The Guinean Franc trades at 8,643.8 per US dollar, one of the weakest in Africa, due to high inflation, political instability, and limited forex reserves. Guinea's economy is vulnerable to global market swings due to its dependence on mining, particularly bauxite.

It's important to note that there is no reliable, up-to-date list of the ten African countries currently struggling most with currency devaluation and their exact ranking, as this information is not provided in the search results. Ongoing economic challenges are highlighted for countries like Mozambique and Liberia, but no comprehensive or ranked overview exists in the given sources.

Countdown of African Countries Experiencing the Greatest Currency Depreciation in 2025