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Additionally, wise economic management, low inflation, and steady economic growth play a role in maintaining the currency’s value.
The government’s efforts to control inflation and keep economic policies in check also contribute to the strength of the TND.
A currency's strength is usually measured by how much it is worth against the dollar, and stronger currencies indicate better purchasing power.
The top currencies in Africa have remained strong due to their country's stable economy, natural resources, and effective government policies.
Since 1 USD is equal to approximately 4.75 LYD, it indicates a strong local currency value.
Some of these currencies are stronger than others and hold a high value when compared to other global currencies, like the US dollar.
This control helps the currency stay strong compared to other African currencies.
Morocco’s economy relies heavily on tourism, agriculture, and industries like textiles and mining.
Government policies that include financial reforms contribute to the stability of the currency..
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