Money is very important in countries and as such this is the top 10 countries with the most expensive currencies.
1. Kuwaiti Dinar ($3.30)
The most expensive currency in the world is Kuwaiti Dinar.
Currency code – KWD.
Kuwaiti Dinar rates:
1 KWD = 3.30 USD (Kuwaiti dinar to US dollar).
1 KWD = 2.73 EUR (Kuwaiti dinar to euro).
Kuwaiti Dinar is considred to be the highest currency in the world estimating at $3.30 per Dinar.
Such a high value is explained by Kuwait's significant oil exports into the global market and stable economy.
2. Bahrain Dinar ($2.66)
Currency code – BHD.
Bahrain Dinar rates:
1 BHD = 2.66 USD (Bahrain Dinar to US Dollar).
1 BHD = 2.20 EUR (Bahrain Dinar to Euro).
The Bahrain Dinar is the second most valuable currency.
Bahrain is a Persian Gulf island state with a population of just over 1 million people. As in the first case, this country’s largest source of income is the "black gold" exports.
3.The Oman Rial
The Oman Rial is also pegged to US Dollar as Bahrain Dinar.
Remarkably, the purchasing power of this currency is so high that the government had to issue 1/4 and 1/2 Rial banknotes. On the picture above, you can see 1/2 Rial
4. Jordan Dinar ($1.41)
Currency code – JOD.
Jordan Dinar rates:
1 JOD = 1.41 USD (Jordan Dinar to US Dollar).
1 JOD = 1.16 EUR (Jordan Dinar to Euro).
It is hard to explain the high value of Jordan Dinar. This country is not economically developed, and it lacks essential resources, such as oil.
Nevertheless, one Jordan Dinar costs 1.41 US Dollars, which makes it one of 10 the strongest world currencies.
5. British Pound Sterling ($1.37)
Currency code – GBP.
British Pound Sterling rates:
1 GBP = 1.37 USD (British Pound Sterling to US Dollar).
1 GBP = 1.13 EUR (British Pound Sterling to Euro).
Most people consider that British Pound is the strongest world currency, but it only closes the top five of this list.
British Colonies issue their own banknotes, which visually differ from banknotes issued by the Bank of England, but they are valued as 1 per 1.
Therefore, there are several of them and that is Scottish, North Ireland, Manx, Jersey, Guernsey, Gibraltar Pounds, as well as St. Elena Island Pound and Falkland Islands Pound.
6. Cayman Islands Dollar ($1.22)
Currency code – KYD.
Cayman Islands Dollar rates:
1 KYD = 1.22 USD (Cayman Islands Dollar to US Dollar).
1 KYD = 1.01 EUR (Cayman Islands Dollar to Euro).
The Cayman Islands are one of the world’s best tax haven. These islands provided licenses for hundreds of banks, hedge funds, and insurance companies.
Thanks to its leadership among tax haven Cayman Islands Dollar costs approximately 1.22 US Dollars.
7. European Euro ($1.21)
Currency Code – EUR.
European Euro rate:
1 EUR = 1.21 USD (European Euro to US Dollar).
The Euro currency has strengthened over the past few years. This allowed it to rise in the list of the most powerful currencies. Partially, its strength is explained by the fact that it is the official world currency in European countries, among which you will find several economically developed ones.
8. Swiss Franc ($1.12)
Currency code – CHF.
Swiss Franc rates:
1 CHF = 1.12 USD (Swiss Franc to US Dollar).
1 CHF = 0.93 EUR (Swiss Franc to Euro).
Switzerland is not only one of the richest countries in the world, but it also belongs tothe most stable ones. Its banking system had long been known for its formerly resolute "Bank Secrecy".
Besides, its high-tech goods are very well known all around the globe, Pay attention to how extraordinary this banknote looks.
9. US Dollar
Currency code – USD.
US Dollar rate:
1 USD = 0.83 EUR (US Dollar to Euro).
Owing to the USA's world economic leadership, its currency achieved the title "World Reserve Currency". In other words, you can make dollar payments everywhere (in any country).
10. Canadian dollar ($0.79)
Currency code – CAD.
Canadian dollar rates:
1 CAD = 0.79 USD (Canadian dollar to US Dollar).
1 CAD = 0.65 EUR (Canadian dollar to Euro).
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