In your opinion, which currency with highest values in the world today? Some people doubtless that the British pound is the highest value of the currency. However, it turns out that the British Pound is not the highest value of the currency.
It turns out there is a currency whose value is more awesome than the dollar and pound sterling. Are you curious about what currencies are of high value? This is the review about currency with highest values:
1. Kuwaiti Dinar
The first country to have the highest value currency is Kuwait. You might not expect this but this is the reality. This country is one of the countries that have currency with highest values in the world.
This is because this country is the largest oil exporter and has an influence on its currency. The wealth of this country is increased because of the sale of oil, which can increase the value of the dinar. Starting from the time of use until now, there have been six Kuwait Dinar series published.
2. Bahraini Dinar
This small country has an area almost equal to 3.5 times the size of Washington DC. Bahrain is geographically the center of the countries in the Persian Gulf. Its industry depends a lot on oil production, financial services, and construction.
Furthermore, the value of this country’s currency is predicted to be stable against the dollar. The exchange rate of 1 Bahraini Dinar is equivalent to the US $2.65.
3. Oman Rial
Oman is a country on the east coast of Africa. This country has a very strong currency value against the US dollar. 1 Omani riyal is equivalent to the US $ 2.6. Moreover, with the strong relations between companies there, it looks like the riyal will continue to strengthen against the dollar.
Just like the story of Kuwait and Bahrain, Oman’s main source of wealth is petroleum. Furthermore, the demands of petroleum from this country naturally influences the demand for the Omani Rial.
4. Jordan Dinar
From 1927 to 1950, the Palestine Currency Board published the Palestinian pound as the official currency in Palestine and Jordan. However, after Jordan gained independence in 1946, the country wanted to have its own currency.
From that year onwards, the country’s currency is the Jordanian dinar. Although not a country that depends on oil revenues, Jordan has a stable economy.
5. British Pound Sterling
In the next position is the British Pound as the fifth strongest currency in the world. Currently, 1 pound is equivalent to the US $ 1.26. Furthermore, British Pound Sterling was once the world currency, circulated legally in various countries under the United Kingdom. Sometimes used with the local currency of the country.
Strengthening Pound Sterling occurred after Britain decided to leave the European Union or known as Brexit. Moreover, the circulation of Pounds Sterling is smaller than the circulation of the Dollar.
Now you know about currency with highest values in the world this year. The value of that currency can be above the dollar even the British Pound Sterling. Therefore, the value of the currency is also suitable for those of you who want to invest in currencies.