Most Expensive Currencies In 2021๐ต
Although the US currency remains one of the most valuable currencies in the world, but there are some that has a higher denominator compared to the greenback
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1๏ธโฃKuwaiti Dinar (KWD)
1 KWD = 3.26 USD
The highest currency in the world right now is the Kuwaiti Dinar. The Kuwaiti dinar (KWD) was the most valuable government-backed currency as of 2020. Substantial oil production helped augment Kuwait's wealth and support the value of the Kuwaiti dinar. Over the years, Kuwait amassed a significant sovereign wealth fund. The Kuwait Investment Authority manages this fund and helps to ensure that Kuwait remains prosperous.
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2๏ธโฃBahraini Dinar (BHD)
1 BHD = 2.66 USD
The Bahrain Dinar is the second most valuable currency. Bahrain is a Persian Gulf island state with a population of just over 1 million people. As in the first case, this countryโs largest source of income is the "black gold" exports. Interestingly, the Bahrain Dinar is pegged to the US Dollar exchange rate, and its rate against the US Dollar has remained stable since 2005.
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3๏ธโฃOman Rial (OMR)
1 OMR = 2.60 USD
Oman is a country on the Arabian Peninsula. Thanks to its strategic location, it possesses a developed economy and a high quality of life. The Oman Rial is also pegged to US Dollar as Bahrain Dinar. Remarkably, the purchasing power of this currency is so high that the government had to issue 1/4 and 1/2 Rial banknotes. On the picture above, you can see 1/2 Rial (Half Rial).
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4๏ธโฃJordan Dinar (JOD)
1 JOD = 1.41 USD
It is hard to explain the high value of Jordan Dinar. This country is not economically developed, and it lacks essential resources, such as oil. Nevertheless, one Jordan Dinar costs 1.41 US Dollars, which makes it one of 10 the strongest world currencies.
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5๏ธโฃBritish Pound Sterling (GBP)
1 GBP = 1.31 USD
Most people consider that British Pound is the strongest world currency, but it only closes the top five of this list. British Colonies issue their own banknotes, which visually differ from banknotes issued by the Bank of England, but they are valued as 1 per 1. Therefore, there are several of them: Scottish, North Ireland, Manx, Jersey, Guernsey, Gibraltar Pounds, as well as St. Elena Island Pound and Falkland Islands Pound. Amusingly, native Britons do not always want to accept "other" Pounds as a means of payment.
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6๏ธโฃCayman Islands Dollar (KYD)
1 KYD = 1.22 USD
The Cayman Islands are one of the worldโs best tax haven. These islands provided licenses for hundreds of banks, hedge funds, and insurance companies. Thanks to its leadership among tax haven Cayman Islands Dollar costs approximately 1.22 US Dollars.
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7๏ธโฃEuropean Euro (EUR)
1 EUR = 1.19 USD
The Euro currency has strengthened over the past few years. This allowed it to rise in the list of the most powerful currencies. Partially, its strength is explained by the fact that it is the official world currency in European countries, among which you will find several economically developed ones. Besides, Euro is the second reserve world currency enveloping 22.2% of all world savings (US Dollar has 62.3%).
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8๏ธโฃSwiss Franc (CHF)
1 CHF = 1.10 USD
Switzerland is not only one of the richest countries in the world, but it also belongs to the most stable ones. Its banking system had long been known for its formerly resolute "Bank Secrecy". Besides, its high-tech goods are very well known all around the globe. Pay attention to how extraordinary this banknote looks. This is the only banknote I saw which has a vertical view.
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9๏ธโฃUS Dollar (USD)
1 USD = 0.85 EUR
Owing to the USA's world economic leadership, its currency achieved the title "World Reserve Currency". In other words, you can make dollar payments everywhere (in any country).
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1๏ธโฃ0๏ธโฃCanadian Dollar (CAD)
1 CAD = 0.75 USD
The Canadian dollar is the fifth largest reserve world currency. It is often called the "loonie" in honor of the bird depicted on the one-dollar coin.
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