Ranking of the most expensive currencies in the world
How do we know the most expensive currencies in the world? It is linked to the US dollar, which is known to be the strongest currency in the world in terms of the exchange rate, so all countries adopted it to link currencies with it, and therefore there are many strong and medium currencies, and some of them are very weak in terms of the exchange rate and purchasing power, and how to link these currencies to the economy of each country Separately, in this article we learn in detail about the arrangement of some currencies around the world, where we learn about strong currencies in terms of the exchange rate and others that seem weak due to the state's economy and other components, so let us learn about this information through the next few lines.
What are the most expensive currencies in the world?
The exchange rate against the US dollar is what links the ranking of the most expensive currency in the world, in addition to its purchasing power, which is definitely linked with the economy of the country that issues this currency, so let us know in detail about these currencies.
In the beginning, these currencies must be arranged before knowing the history of each currency and the exchange rate that characterizes it against the dollar, and these currencies are: Kuwaiti dinar - Bahraini dinar - Omani riyal - Jordanian dinar - British pound - Cayman Islands dollar - European euro - Swiss franc - Canadian dollar .
These are the strongest currencies against the dollar, and it can be known that the US dollar is the ninth strongest currency in the world in terms of purchasing power, but we will not talk about it, but we will talk about strong currencies in its exchange rate in front of it, in the following points.
Kuwaiti dinar
The Kuwaiti dinar is the national currency of Kuwait, a rich Arab country that adopted this currency in the year 1961 AD, and although Kuwait is one of the smallest countries in the world, but its wealth depends on oil, its extraction and export, and its population is small, which made the large volume of wealth distributed over the population, Thus, the Kuwaiti dinar became one of the strongest fixed currencies against the dollar, and the last amendments to the Kuwaiti dinar were in the year 2014, when the Central Bank of Kuwait issued banknotes in denominations of 0.25 - 1 - 5 10 - 20 Kuwaiti dinars, in order to absorb the purchasing power of the currency, which is a very large force.
As for the exchange rate against the dollar, it has been fixed for a long time: 3.29
dinar Bahraini
The national currency of the State of Bahrain, which is located in the middle of the Arabian Gulf, began to be circulated in the mid-sixties of the twentieth century instead of the Gulf rupee, where circulation began and with time it became a strong currency as a result of Bahrain's oil wealth.
The Bahraini dinar consists of about 1,000 fils, and it has four metal denominations, which are the Bahraini dinar, denomination 1 - 5 - 10-20, as well as the banknote denomination: 5 - J 10 - 25 - 50 - 100 - 500 Bahraini dinars.
The exchange rate against the dollar is: 2.66.
Rial Omani
The use of the Omani riyal began in the year 1972 AD, when the Sultanate of Oman used the Saudi riyal before, then it used its national currency, and it is one of the strong currencies in the Arabian Gulf and in the world. The exchange rate against the dollar, so the Omani riyal is considered the third strongest currency in the world, where we find that the exchange rate is: 2.60
Dinar Jordanian
It is the national dinar of the Hashemite Kingdom of Jordan, and it was traded in the year 1950 AD instead of the Palestinian pound, and thus became the national currency of the country. One Jordanian dinar consists of one thousand fils, or 100 piasters, and it is one of the strong currencies against the dollar, where the exchange rate against the dollar is fixed at: 1.41
Sterling pound
It is the historical English currency, as it circulates in the United Kingdom and some territories of the British Crown, and it is considered one of the oldest currencies in the world, and it was one of the strongest currencies in the world in the colonial period, but it lost part of its historical value, and its exchange rate against the US dollar became about 1.32
Cayman Islands dollar
It is the national currency traded in the Cayman Islands and it is one of the strong currencies, and it has coins and paper as well, and this dollar is fixed at the exchange rate of 1.22
European Euro
It is the currency traded on the European continent, and it is one of the modern currencies in the world, as the European Union traded this currency and it became the official currencies of some countries that reached about 19 European countries, including Germany with a strong economy, Spain, Italy and France, while Britain did not abandon its historical currency .
The euro is the second traded currency in the world after the US dollar, but it is not the most expensive currency, while its exchange rate against the dollar is about 1.11
Swiss franc
It is the official currency of Switzerland, which is a completely stable and secure currency and is considered one of the most stable currencies in the world, so this currency is bought because it is one of the most important safe currencies in the world. As for its exchange rate against the dollar, it is equal to: 1.01
Canadian dollar
It is one of the currencies with a very strong purchasing power, and it is the official and national currency of the State of Canada since 1871 AD, when the Canadian Parliament issued an order to circulate this currency and make it historical for the country. The exchange rate against the dollar is 0.75, which is one of the strongest currencies in the world.
Weak currencies against the US dollar
There are many weak currencies in the world against the US dollar, and these currencies have a cheap exchange rate relative to the dollar for many reasons, including the weak economy of these countries, and their weak purchasing power. These currencies are:
Iranian riyal - Cambodian riyal - Paraguayan gurani - Guinean franc - Venezuelan bolivar - Vietnamese dong - Indonesian rupiah - Uzbek som - Laotian kip - Sierra Leonean leon.
There are many medium currencies in purchasing power and the exchange rate against the US dollar, and these currencies are numerous, and they differ from one currency to another in terms of purchasing power, which is a measure of the strength of the economy. or weakness.
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