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Foreign exchange

Check out the top 5 most expensive currencies in the world, and reasons why they are so

Which currency is the most expensive? Today we are not only going to answer that but also tell you why these currencies that made it to the top 5 are the most expensive. Kindly stay with me as I take you through this journey.

First on our list is the Kuwaiti Dinar, it is the most expensive currency in the world. The currency is represented by KWD, which is the currency code. The currency rates 3.30 USD (Kuwaiti dinar to US dollar), and rates 2.73 EUR (Kuwaiti dinar to euro).

The Kuwaiti Dinar is considered to be the highest currency, and such a high value is because of the significant oil exports into the global market and stable economy.

Second on the list is the Bahrain Dinar, which is represented by BHD, and it rates about 2.66 USD (Bahrain Dinar to US Dollar), and 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, the country’s enormous source of revenue is the "black gold" exports.

The Oman Rial is the third on the list, and it is represented by OMR. It rates about 2.60 USD (Oman Rial to US Dollar), and 2.15 EUR (Oman Rial to Euro).

Oman is a country on the Arabian Peninsula. Thanks to its strategic location, it possesses a progressive economy and a high quality of life.

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 put out 1/4 and 1/2 Rial banknotes. On the picture above, you can see 1/2 Rial.

The fourth on the list is the Jordan Dinar, it is represented by the currency code JOD. It rates about 1.41 USD (Jordan Dinar to US Dollar), and 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.

The last on our list is the British Pound Sterling. It goes by the currency code of GBP. It rates 1.37 USD (British Pound Sterling to US Dollar), and 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 banknotes, and they differ from banknotes issued by the Bank of England, but they are valued as 1 per 1.

Therefore, there are several of them: Scottish, North Ireland, Manx, Jersey, Guernsey, and others. Surprisingly, native Britons do not always want to accept "other" Pounds as a means of payment.

What do you think about this? Which currency would you want to have a lump sum?

Kindly drop your comments below.

Content created and supplied by: Ukazee (via Opera News )

BHD Bahrain Dinar KWD Kuwaiti Kuwaiti Dinar


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