Most Powerful Currency In The World: What are the Strongest / Highest Currencies in the World?
Updated May 25, 2021
Most Powerful Currency In The World
A currency is said to be powerful when it has a high trading value. Many think that the US Dollar, British Pound or Euro is the highest currency in the world. But it is not necessary that the most powerful currency belongs to the wealthiest nations of the world, and this has made people curious to know which is the Most Powerful Currency In The World. So what do you think is the Most Powerful Currency In The World?
As per valuation, here is the ranking of the Most Powerful Currency In The World. Find the name of the currency that ranks at the top.
Which Is World Highest / Strongest Currency?
Every citizen knows their country's currency, but do they know which is the most powerful currency? From the table given below, we can get an idea on the powerful currency in the world.
As per the ranking, Kuwaiti Dinar is the most powerful currency of the world.
| S.No | Highest Currency in the World | Value of | In INR (May'2021) |
|---|---|---|---|
| 1 | Kuwaiti Dinar | 1 KWD | 245.70 INR |
| 2 | Bahraini Dinar | 1 BHD | 196.47 INR |
| 3 | Omani Rial | 1 OMR | 192.37 INR |
| 4 | Jordanian Dinar | 1 JOD | 104.33 INR |
| 5 | Gibraltar Pound | 1 GIP | 103.20 INR |
| 6 | British Pound | 1 GBP | 103.07 INR |
| 7 | Euro | 1 EUR | 89.59 INR |
| 8 | Cayman Island Dollar | 1 KYD | 88.71 INR |
| 9 | Swiss Franc | 1 CHF | 81.42 INR |
| 10 | United States Dollar | 1 USD | 74.06 INR |
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Most Powerful Currency
As per the ranking, among all the currencies, the one that ranks at the top of the list is Kuwaiti Dinar. Many think that the US Dollar is the most expensive currency globally, but it is not. Though it is the most traded and strongest currency in the world, it is not the most expensive. The Kuwaiti Dinar has been declared the highest currency globally because of Kuwait’s tremendous oil, wealth and economic stability.
Kuwaiti Dinar or KWD is the most expensive and powerful currency. It was introduced in 1960 and was initially equal to one pound sterling. Kuwait is a major exporter of oil and has one of the largest global reserves of oil, and this has made Kuwait’s currency in demand. As of May 2021, one KWD is equal to 245.70 INR. Also, in Kuwait, people are not bound to pay any taxes. The Most Powerful Currency In The World has been provided, along with full details. Read the article to know all about currencies in the world.
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Most Powerful Currency In The World - FAQs
As per the ranking, Kuwaiti Dinar is the most powerful currency of the world.
Kuwait is a small country between Iraq and Saudi Arabia.
It was introduced in 1960.
One Kuwait Dinar is equal to 245.70 INR.
One Bahraini Dinar is equal to 196.47 INR.
One Omani Rial is equal to 192.37 INR.
The second powerful currency in the world is Bahraini Dinar.
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