which is the most highest currency in the world
Answers
Answer:
Kuwaiti Dinar is the highest currency in the world.
No. 1 – Kuwaiti Dinar (1 KWD = 3.29 USD)
Currency code – KWD
1 KWD = 3.29 USD
The Kuwaiti Dinar is the world’s highest-valued currency against the US Dollar.
Kuwait is a small country with enormous wealth. The high value (rate) of its currency is explained by significant oil exports into the global market.
No. 2 – Bahraini Dinar (2.65 USD)
Currency code – BHD
1 BHD = 2.65 USD (pegged to dollar)
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 are the «black gold» exports.
It is interesting that the Bahrain Dinar is pegged to US Dollar exchange rate, and its rate against the US Dollar has remained stable since 2005 already.
No. 3 – Oman Rial (2.60 USD)
Currency code – OMR
1 OMR = 2.60 USD (pegged to dollar)
Oman is a country on the Arabian Peninsula. Thanks to its strategic location, it possesses a developed economy and a high quality of life.
The Oman Rial is also pegged to US Dollar as Bahrain Dinar.
It is remarkable that 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 (Half Rial).
No. 4 – Jordan Dinar (1.41 USD)
Currency code – JOD
1 JOD = 1.41 USD (pegged to dollar)
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 Dollar, what makes it one of 10 the strongest world currencies.