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Dollar is the Most Expensive Currency? 5 Most Expensive Currency in the World

       


Dollar is the Most Expensive Currency? 5 Most Expensive Currency in the World

Currency Notes. 

Most people think that US Dollar is the world's most valuable Currency. But is it really so? Let us understand, in fact the US Dollar is not the most expensive currency in the World. There are many countries in the world where the currency is quite high against the dollar.

 

Most people think that US Dollar is the world's most valuable Currency. But is it really so? Let us understand, in fact the US Dollar is not the most expensive currency in the World. Now days 1 dollar of America is equivalent to about 74 rupees of India. There are many countries in the world where the currency is quite high against the dollar. Today we are going to tell you about the 5 countries of the world whose currency is the most valuable in the whole world.


1. Kuwaiti Dinar

Kuwaiti Dinar

The dinar was introduced in 1960 to replace the Gulf rupee, equal to the Indian rupee. It was initially equivalent to one pound sterling. As the rupee was fixed at 1 shilling 6 pence, that resulted in a conversion rate of ​13 1⁄3 rupees to the dinar.

When Iraq invaded Kuwait in 1990, the Iraqi dinar replaced the Kuwaiti dinar as the currency and large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized.

Kuwaiti Dinar is considered the most expensive currency in the world. Today, 1 Dinar of Kuwait is equivalent to 240 (approx.) Indian rupees. It is a rich country on earth, where the main sources of income are natural gas and crude oil. In Kuwait, it is very easy to get a job for a trained worker6 series of Kuwaiti Dinar has been launched by central bank till now.

  • The Symbol of Kuwaiti Dinar is - د.ك


2. Bahraini Dinar

Bahraini Dinar

The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. Bahraini coins and notes were introduced at that time. Initially, Abu Dhabi adopted the Bahraini dinar but changed to the United Arab Emirates dirham in 1973.

After Kuwaiti dinar, Bahrain Dinar comes in the line of the most expensive currency. Today, 1 dinar of Bahrain is 194.68 (Approx.) Indian Rupee. Bahrain is one of the most developing countries in Arabia. Bahrain is the 13th richest country in the world, with petroleum as its main source of income.

  • The Symbol of Bahraini Dinar is - .د.ب


3. Omani Rial

Omani Rial

Until 1940, the Indian rupee and the Maria Theresa thaler (known locally as the rial - adopted from the Portuguese "real") were the main currencies circulating in Muscat and Oman, as the state was then known, with Indian rupees circulating on the coast and thaler in the interior. Maria Theresa thaler were valued at 230 paisa, with 64 paisa = 1 rupee.

Oman comes in the category of world's richest countries. Today, the value of Oman currency riyal is around 190.65 (Approx.) Indian Rupee. More than half of the foreign laborers working in Oman are found only from India. A typical Indian laborer in Oman earns 35 to 40 thousand a month.

In 1940, coins were introduced for use in Dhofar, followed, in 1946, by coins for use in Oman. Both coinages were denominated in Baisa (equivalent to the paisa), with 200 Baisa = 1 Rial. The Indian rupee and, from 1959, the Gulf rupee continued to circulate. On 6 June 1966, India devalued the Gulf rupee against the Indian Rupee. Following the devaluation, several of the states still using the Gulf rupee adopted their own currencies. Oman continued to use the Gulf rupee until 1970, with the government backing the currency at its old peg to the pound, when it adopted the Rial Saidi.

  • The Symbol of Omani Rial is - ر.ع.


4. Jordanian Dinar

Jordanian Dinar

From 1927 to 1950, the Palestine Currency Board issued the Palestine pound as the official currency in both Mandatory Palestine and the Emirate of Transjordan. After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board was formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consisted of a president and four members.

The Jordanian Dinar, currency of Jordan, is considered the fourth most expensive currency in the world. Today, the value of 1 dinar of Jordan is 103.54 (Approx.) Indian Rupee. Jordan is not included in the rich countries of the world but due to the law and order of the government here, it is a developing country.

As of 1 July 1950, the Jordanian dinar became the kingdom’s official currency, and use of the Palestine pound ceased in the kingdom on 30 September 1950. Although issued by the Jordan Currency Board, the notes bear the country's official name, "The Hashemite Kingdom of the Jordan".

  • The Symbol of Jordanian Dinar is - د.ا


5. British Pound / Pound Sterling

British Pound / Pound Sterling

The full official name pound sterling, is used mainly in formal contexts and also when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is normally used. The currency name is sometimes abbreviated to just sterling, particularly in the wholesale financial markets, but not when referring to specific amounts; for example, "Payment is accepted in sterling" but never "These cost five sterling". The abbreviations "ster." and "stg." are sometimes used. The term "British pound" is sometimes used in less formal contexts, but it is not an official name of the currency.

Pound Sterling, The currency that runs in England, is considered the fifth most expensive currency in the world. Today, the price of a pound is 95 .10 (Approx.) Indian Rupee. At a time Britain has ruled over one third of the world.

  • The Symbol of British Pound / Pound Sterling is - £

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