4 Arab currencies are the strongest in the world ever
4 Arab currencies are the strongest in the world ever
2024-08-02
Alsumaria News – Economy
Four Arab currencies top the list of the 10 strongest currencies in the world out of 180 currencies recognized by the United Nations around the world, while the US dollar comes in tenth place globally on the list of the strongest currencies, while four Arab currencies dominate the first four places.
The list of the strongest world currencies is as follows:
1- The Kuwaiti Dinar, equivalent to 3.27 dollars.
The Kuwaiti Dinar is the most valuable currency in the world. Since its first introduction in 1960, the Kuwaiti Dinar has consistently ranked first as the most valuable currency in the world. Kuwait’s economic stability, driven by its oil reserves and tax exemption system, contributes to the high demand for its currency. Among Indian expatriates, the exchange rate of the Indian rupee against the Kuwaiti Dinar is particularly popular.
2- Bahraini Dinar, equivalent to $2.65
The Bahraini Dinar is ranked second as the second strongest currency in the world. The Bahraini Dinar is pegged to the US dollar and is used exclusively in Bahrain. With a strong expatriate community, including a large number of Indians, the Bahraini Dinar is ranked second as the strongest currency in the world.
3- Omani Riyal, equivalent to $2.60 The
Omani Riyal is ranked third in the world. It was introduced after the country stopped using the Indian rupee as its official currency. As a country with large oil reserves, the economy of the Sultanate of Oman relies heavily on the oil sector. The Omani Riyal, which is pegged to the US dollar, is the third most expensive currency in the world.
4- Jordanian Dinar, equivalent to $1.41
The Jordanian Dinar has become the official currency in Jordan Since replacing the Palestinian pound in 1950, fixed exchange rates and a diversified economy have contributed to Jordan In the rise in the value of its currency, making it the fourth strongest currency in the world.
5- The British pound is equivalent to 1.26
Great Britain The British pound (GBP), which is widely used in other countries and territories, and as the fifth strongest currency in the world, is important in global finance, and London’s status as a financial center and Britain’s extensive commercial activities contribute to the strength of the pound.
It comes next:
6- Gibraltar pound is equivalent to 1.26 dollars
7 –Cayman Islands Dollar
8- Swiss Franc = 1.14 9-
Euro = 1.08
10- US Dollar = 1.0
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