Money is the most important factor in the world. Different countries have different currencies and have different values of currencies. Developed countries have more value of money. But the value of money for developing or poor country is quite low. For example in India $1 =75rs. (it keeps fluctuating).
However, the value of currency keeps changing from time to time. If you go to someplace where the value of currency is high then you spend more money. Whereas you go to someplace where the value of currency is low, So you save a lot of money and spend less.
Whenever you think of the most valuable currency in the world, only the name of US Dollar comes to your mind. So you are absolutely wrong. Let us know the 10 most valuable currencies in the world.
Highest Currency in The World
1. KUWAITI DINAR (1KD – $3.23)
The world’s strongest currency is the Kuwaiti Dinar. It is the currency of Kuwait.The Kuwaiti dinar is the world’s highest-valued currency unit per face value.
Kuwait is located on the tip of the Persian Gulf, between Iraq and Saudi Arabia, Kuwait’s wealth can be attributed to its heavy exports of oil to a global market.
The dinar was introduced in 1960 to replace the Gulf rupee.When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country’s currencies and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.
- Country- Kuwait
- Symbol- KD
- 1KD -245.25₹
2. BAHRAINI DINAR (1BD – $2.65)
It is the currency of Bahrain and 2nd most valuable currency in the world. Bahrain is a sovereign state in the Persian Gulf.
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee.Initially, Abu Dhabi adopted the Bahraini dinar but changed to the United Arab Emirates dirhams.
The majority of the country’s wealth comes from exporting its petroleum products and Aluminium production.
- Country- Bahrain
- 1 BD-201₹
3. OMANI RIAL (1R.O – $2.60)
The Omani rial is the currency of Oman. Oman is a country on the southeastern coast of the Arabian Peninsula in Western Asia.
This currency was first introduced in 1973 and has seen a significant rise in value due to the success of the countries oil supply.,
The Omani Rial is the third strongest currency in the world.
- Country- Oman
- Symbol- R.O.
- 1 R.O.-196.99₹
4. Jordanian Dinar (1JD – $1.41)
It has been the currency of Jordan since 1950. It is an Arabic nation on the bank of the river Jordan. It is situated in Western Asia.As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency. It is the 4th most valuable country in the world.
- Country- Jordan
- 1 JD-107.04₹
5. Pound Sterling (1£ – $1.21)
Pound Sterling is the official currency of the United Kingdom. Sterling is the fourth most-traded currency in the foreign exchange market. Britain is a sovereign country located off the northwestern coast of the European mainland. It’s one of the most widely used currencies and the oldest independent currency in the world, being first used in the United Kingdom in 1489. However, its value has been negatively affected by the UK’s decision to leave the EU.
- Country- united kingdom
- 1 £-91.85₹
6. Cayman Islands Dollar (1$ – $1.20)
It is the currency of the Cayman Islands. The Cayman Islands is an autonomous British Overseas Territory in the western Caribbean Sea.The Cayman Islands dollar was introduced in 1972, replacing the Jamaican dollar at par.
Cayman Island is one of the world’s best tax havens.
- Country- Cayman island
- Symbol- $
- 1 $-91.12₹
7. EURO (1€ – $1.08)
The euro is the official currency of the European Union, and the world’s second-biggest reserve currency. This is the currency of 19 of the 27 member states of the European Union. The EURO is the primary currency of the European Union and was adopted on January 1, 1999.
It is the second-most traded currency in the foreign exchange market. The name euro was officially adopted on 16 December 1995 in Madrid.
- Country- all European union
- 1 €-82.11₹
8. SWISS FRANC (1Fr. – $1.03)
It is official currency of Switzerland and Liechtenstein. Switzerland is one of the wealthiest countries in the world and has a solid track record in banking and finance. It is eighth-most commonly-held reserve currency in the world.
- Country- Switzerland and Liechtenstein
9. US DOLLAR (US$1)
It is the official currency of the United States. It is the world’s primary reserve currency. It is the most traded and used currency in the world.It also holds the title of the world’s primary reserve currency and is held by both central and commercial banks all over the world.
- Country- United States
10. CANADIAN DOLLAR (1C$ – $0.717488)
It is the currency of Canada. The Canadian dollar is the fifth most held reserve currency in the world. Canada’s natural resources rank third in value worldwide, mainly thanks to the country holding the third-largest reserves of crude oil and the second biggest uranium supply on the planet.
- Country- Canada
- Symbol- C$
- 1 C$-53.78₹
Also, read more article –
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