5 Most expensive currency in the world, Dollar does not come anywhere

The currency of each country has a different value. Today we will talk about 5 such currency values which are the most expensive in the world. Dollar is the most valuable currency in the world, but it is not one of the most expensive currency values.

Most people consider the dollar to be the most expensive currency, but in reality it is not so, apart from the dollar, there are also currencies which are expensive.

5 Most expensive currency in the world

1. Kuwaiti Dinar

The Kuwaiti Dinar is among the most expensive currency to be counted as of May 2021. The symbol for Kuwaiti Dinar is KWD. If one converts Kuwaiti Dinar to US Dollar, then it is more than $ 3.25.

The Kuwaiti Dinar was introduced in 1960 to replace the Gulf Rupee equivalent to the Indian Rupee.

But the Iraqi dinar converted the Kuwaiti dinar into currency when Iraq invaded Kuwait in 1990. And a lot of banknotes were stolen at the time of this attack.

Later the stolen and new banknote series introduced were reinstated in Kuwaiti dinars.

2. Bahraini Dinar

Bahraini dinar symbol BD and code: BHD | The name dinar is derived from the Roman dinar. The Bahraini dinar is one of the second most valuable currency in the world as of May 2021.

If we talk about the Bahraini Dinar, then it is worth more than US Dollar 2.60 and also comes in the second most valuable from Kuwaiti Dinar.

The Bahraini dinar was introduced in 1965, while the value of 10 rupees in the Gulf was replaced by 1 Bahraini dinar. When Bahrain coins and notes were introduced in the beginning, they were priced around 15 shillings sterling.

Abu Dhabi adopted the Bahraini dinar in 1973, with which the value of 1 dirham was changed to 0.1 Bahraini dinar to dirham.

3. Omani Rial

Omani Rial Arabic ISO 4217 code OMR is the currency of Oman. The Omani Rial is one of the third most valuable currency after the Bahraini Dinar and the Kuwaiti Dinar.

From 1973 to 1986, 1 Omani Rial was worth more than US$2.890. But by 1986, 1 Omani Rial had come to US$ 2.6008. The Central Bank of Oman sells the US Dollar for 0.385 Omani Rial while it buys the US Dollar for 0.384.

Omani coinage was introduced for use in Dhofar in 1940 and started being used in Oman in 1946. On 6 June 1966, India devalued the Gulf Rupee against the Indian Rupee, Oman took the Gulf Rupee into circulation till 1970.

4. Jordan Dinar

The Jordan Dinar (code:JOD) became known in 1950 as the currency of Jordan. The Jordanian dinar is one of the fourth most valuable currency in the world.

The Jordanian Dinar was introduced in 1964 by the Central Bank of Jordan. Apart from this, the Jordanian dinar is also used in the West Bank along with the Israeli shekel. Jordan became independent on 25 May 1946.

The Palestine pound ceased to be used on 30 September 1950. The Central Bank of Jordan was established in 1959.

5. England Currency (Pound Sterling)

Pound Sterling (GBP) ranks fifth in the world in value. After the Euro, the US Dollar, and the Japanese Yen, GBP is the most traded in the forex market.

The exchange rate of the pound sterling against the US dollar is referred to in the wholesale forex markets as “cable”. The term “cable” refers to the GBP/USD exchange rate transmitted via transatlantic cable in the 1800s.

GBP/USD is referred to as “cable dealers” in forex trading. For example, JPY/USD is referred to as “fibre”.

“GB” stands for United Kingdom.