Have you ever wondered how valuable your country’s currency is? Well many people are of the opinion that the Euros and the United States currencies are the world's most valuable in the world, however this has not been the case as the United states currency otherwise referred to as US dollar ($) is ranked at position ten. Here is the top ten list.
10. US Dollar
It's the world’s most important reserve currency that is arguably considered to be the most traded currency in the entire planet. Despite its high demand, this currency is far below the list of the world's stongest currencies.
Switzerland's currency is considered to be the world’s safest currency in the world. This cureency is oftenly utilized in bank deposits where money is sent to offshore accounts. It is the only world’s currency not affected by inflation.
8. European Euros
It was first approved in 1999 and is considered to be the world’s second valuable currency because of its highest exchange rate in the world. Euros is used by 28 member states of the European union
7. Cayman Islands
The country known to be the best task haven in the world and comprises of a group of Islands in the Caribbean and that it's part of the British. It was introduced in 1972 and hence among the newest world currencies. A number of the world's largest banks and other firms rely on this currency for banking licenses.
6. Gibraltar Pound
This currency is used by Gibraltar and is tied to the british pound sterling at par value.
5. British Pound Sterling
Oftenly regarded as the world's most valuable currency while facts puts it behind four Arabian currencies as follows;
4. Jordanian Dinar [JOD]
This currency is ranked among the top four most valuable currencies in the world because of its stable exchange rates as maintained by the Jordan Government. Was first introduced in 1949 to replace the Palestinian pound. It ties with the US dollar.
3. Omaini Rial
This is Oman's national currency and is tied to the United states dollar. Oman used the Indian Rupee before 1940 when the currency was put in place.
2. Bahraini Dinar
Bahrain's currency that equals to 2.65 US Dollars. Saudi Riyal and Bahrain dinar are recognized as legal money in the country. A dinar equals to 10 Riyals.
1. Kuwaiti Dinar
And finally to the world’s highest currency as of June 2021. The currency is non other than Kuwaiti's Dinar [KWD]. As compared to United States Dollar, 1 Dinar is equivalent to $3.32 (US Dollars).
Content created and supplied by: Kemboi|Zachary_Ke (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More