African Currencies Resilient in October 2025: Eritrea, Liberia, Uganda Show Stability

In October 2025, several African currencies demonstrated resilience against the US dollar, defying the broader depreciation trend observed across the continent. Countries like Eritrea, Liberia, and Uganda saw steady performance, with their currencies maintaining stability.

The best-performing African currencies in October 2025 were those with disciplined monetary policies and limited external exposure, indicating a strong resilience amidst global economic uncertainties. Eritrea's Nakfa remained unchanged against the US dollar, reflecting the country's managed exchange rate regime.

The Bank of Eritrea's oversight of the exchange market prioritizes stability and flexibility, despite challenges such as foreign currency shortages.