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Apr 22, 2024 · Find out which currencies are worth more than the U.S. dollar based on exchange rates from Open Exchange. See how oil, gas, and tourism affect the value of these currencies and how they are pegged or floated.
- Jo Groves
- Kuwaiti Dinar – KWD. The strongest currency in the world is the Kuwaiti Dinar. Introduced in 1960, the year the country declared independence from British rule, it initially had an equal exchange rate with the British Pound Sterling (GBP).
- Bahraini Dinar – BHD. Further down the Persian Gulf, is Bahrain, holding the second strongest currency, the Bahraini Dinar. Much like Kuwait, Bahrain has achieved its high amount of wealth due to the oil reserves in the kingdom, contributing to over 85% of the GDP.
- Omani Rial – OMR. Introduced in 1970, it was named the Saidi Rial after the sultanate of Oman, The House of Al Said. However, after the 1970 Omani coup d’état, in 1972 the currency was reintroduced as the Omani Rial, and had an equal exchange rate.
- Jordanian Dinar – JOD. The Jordanian Dinar has been the central currency of Jordan since 1950 when it replaced the Palestinian Pound, and to this day is still pegged to the US dollar.
- Kuwaiti Dinar (0.31) The Kuwaiti dinar is the highest valued currency in the world due to Kuwait’s strong economy and significant oil reserves. Kuwait is a small country with a population of just over four million people, but it has a GDP of more than $160 billion and is one of the world’s largest exporters of oil.
- Bahraini Dinar (0.38) The second highest currency in the world is the Bahraini dinar, the national currency of Bahrain. It is typically abbreviated as “BHD” and is pegged to the U.S. dollar at a rate of 1 BHD to 2.65 USD.
- Omani Rial (0.39) The Omani rial is third on our list of highest currencies in the world. The national currency of Oman, it is typically abbreviated as “OMR” and is pegged to the U.S. dollar at a rate of 1 OMR to 2.60 USD.
- British Pound (0.80) The British pound and the U.S. dollar are two of the most widely traded currencies in the world and their values are frequently compared to each other.
- Kuwaiti Dinar (KWD) The highest-valued currency in the world is the Kuwaiti Dinar (KWD). Since it was first introduced in 1960, the Kuwaiti dinar has consistently ranked as the world's most valuable currency.
- Bahraini Dinar (BHD) The Bahraini Dinar (BHD) serves as the currency of Bahrain, an island nation in the Arabian Gulf heavily reliant on oil exports.
- Omani Rial (OMR) The Omani Rial (OMR) is the currency of Oman and was introduced after the country ceased using the Indian Rupee as its official currency.
- Jordanian Dinar (JOD) The Jordanian Dinar (JOD) has served as the currency of Jordan since it replaced the Palestinian pound in 1950. Jordan's fixed exchange rates and diversified economy have contributed to the high value of its currency, ranking it as the 4th strongest globally.
1 Turkish Lira = 0.18 USD. Currency code = TRY. Prev. Select Currency and Know it’s rank: Currency Rank : 20. Most Valuable Currency In The World. Again, there is a great myth that the American Dollar holds the highest monetary value among all currencies in the world, but it is not the most valuable currency in the world.
Mar 15, 2024 · Find out which currencies are the most valuable against the INR and the USD in 2024. See the rankings, reasons and exchange rates of the top 10 highest currencies in the world.
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Apr 16, 2024 · Find out which currencies are the most valuable in 2024, based on factors such as oil and gas exports, economy, and central bank policies. See the top 10 list, exchange rates, and guides to the countries that use these currencies.
