Top 10 Highest Currency in the World
An officially approved form of money is called currency. Money is available in the form of paper and coins. Every nation has its currency. Around the world, there are 180 currencies. The top 10 highest currency is decided based on several variables, including exchange rates, GDP, inflation rate, and numerous economic and political factors. The top ten highest currencies in the world are listed below.
1. Kuwaiti Dinar
It is the national currency of Kuwait, and it is the world's highest-valued currency. Kuwait is a tiny country situated between Saudi Arabia and Iraq. Kuwait is a tax-free country, and it ranks among the richest nations in the world.
It has substantial oil reserves and exports a huge amount of oil to international markets. Kuwait's economy depends significantly on oil exports. The value of one KWD is equal to 265.36 Indian rupees.
2. Bahraini Dinar
It is Bahrain's official currency. It is the second-most costly currency in the world, and the value of one BHD is equal to 215.73 Indian rupees. Bahrain's economy depends significantly on oil and gas exports.
3. Omani Rial
It is the national currency of Oman, and this country is located on the Arabian Peninsula's southeast coast. The value of one OMR is equal to 211.18 Indian rupees. Oman's economy depends significantly on oil, fishing, and trading activities. The Omani government decided to expand its sources of income by promoting tourism and metallurgy.
4. Jordanian Dinar
It is Jordan's national currency. The JOD is also distributed in the west bank, and the west bank is a part of Israel. The value of one JOD is equal to 114.66 Indian rupees. Jordan's economy depends significantly on tourism, phosphates, potash, and fertilizer derivatives.
5. Cayman Islands Dollar
Cayman Islands' official currency is the KYD. The Cayman Islands are a "tax haven" and have become a significant hub for international finance. The currency is referred to as CI$. The value of one KYD is equal to 98.36 Indian rupees. The economy of Cayman Island is mainly dependent on financial services and tourism.
6. Pound Sterling
It is the UK's official currency. It is the oldest currency that has been continuously used since its inception. Sterling's primary unit is the pound. The value of one GBP is equal to 99.82 Indian rupees. The UK's economy relies mostly on manufacturing, tourism, and services.
7. Gibraltar Pound
It is Gibraltar's national currency, and the Gibraltar government issues coins and banknotes in the Gibraltar pound. Gibraltar's economy mainly depends on ship maintenance, e-gaming and tourism sectors. The value of one GIP is equal to 99.48 Indian rupees.
8. Swiss Franc
It is the national currency of Liechtenstein and Switzerland. Due to Switzerland's strict monetary policy and low debt levels, investors can feel secure when trading or keeping currency using the swiss franc. The value of one CHF is equal to 87.09 Indian rupees. Switzerland's economy mainly depends on commerce, finance, and tourism.
It is the second-most widely used currency worldwide. The official currency of the eurozone is the euro. The eurozone consists of 19 member nations of the European Union. The European nations that use the euro as their primary currency are Austria, Belgium, Portugal, Cyprus, Estonia, Slovakia, Finland, France, Lithuania, Germany, Greece, Ireland, Latvia, Luxembourg, Malta, Italy, the Netherlands, Slovenia, and Spain. The value of one EUR is equal to 85.67 Indian rupees.
10. US Dollar
It is the national currency of the USA and its territories. It is also known as US$. The United States dollar is recognized as a "World Reserve Currency." The US dollar was introduced in 1972 and is now the world's most widely used and exchanged currency. The value of one USD is equal to 81.33 Indian rupees.