Currency is a way which is used as medium of exchange, it refers to the money in any form while when someone talks about the most expensive currency in the world, commonly the currency which come to mind is US dollar but it is not true as Kuwaiti currency is most valuable in the world because of its highest value among others.
There are many currencies in the world which are known as one of the most expensive because of its value, currencies are the way through which people can buy or purchase different things, in the different regions of world the value of currencies are different which show the power of the economy of that world.
Economy development of the country can be judged through the value of its currency because if currency is valuable then per capital income of that region will be high which shows the development and there are many countries which have high valuable currencies.
So Here Is The List Of Top 10 Most Expensive Currencies Of The World 2018
The US dollar is known as American dollar or United States dollar, it is the official currency of the United States along with its sub-national administrative divisions according to the 1972 constitution, the federal reserve notes are the US dollars which are known as one of the most expensive currencies in the world because of its value in the international market, the United States dollar is known as most traded currency in the trade market, I some recent years the value of dollar is going decrease but the strength of US dollar is not and it is one of the most popular currency in world business currency.
Swiss Franc is the official currency of Switzerland as well as it is also used by the Liechtenstein, the Franc is known as one of the most valuable currencies in the world because of its developed economy as the power of any currency can be judged from its strength of economy, there are many medium of exchange but Swiss Franc has occupied the place in top ten most expensive currencies in the world, for international capital the Switzerland banks make the currency safe for international trade and as the part of European Union Switzerland uses its own currency.
In the list of top 10 most expensive currencies in the world, the Euro is considered as one of the most valuable currencies in the international trade, this currency is the official medium of exchange for eurozone where about 19 countries are included like Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain while according to January 2017 report that about 1,109,000,000,000 Euro is in the circulation and this currency has crossed the US dollar in power as it has more value than Dollar.
Cayman Island which is known as KYD is one of the most expensive currencies in the world, Cayman dollars have placed at 7th position in top ten most valuable currencies in the international market while among other famous currencies KYD has crossed the Euro because of the strength of its economy, this currency is officially used by the Cayman islands, this currency is subdivided into 100 cents while it is ranked as one of the most expensive medium of exchange in the world business economy and it is abbreviated with dollar sign.
There are many powerful currencies in the world which are considered as one of the most expensive medium of exchange in the world while among others Gibraltar Pound is spotted at 6th place in top 10 most valuable currencies in the world, the most famous currency is belong to the of Gibraltar which is exchangeable with the British pound sterling at par value while currency is controlled by the central bank which tries to empower the international trade by strengthen it while to mint the cons and prints Government of Gibraltar is responsible.
British pound is known as pound sterling which is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha while pound is considered 5th most expensive currency in the world as it is much valuable in the international trade, this currency is a flat money which is backed in that areas where it is being used by gold or silver, it is the fourth most traded currency that is used in the international trade market and Pound sterling is the third highest currency that is held in reserve currency.
The Jordan currency is known as one of the most expensive currencies in the world as it is known as Jordanian Dinar while it is mostly used in west bank alongside the Israeli shekel, the 4th most valuable currency in the international market is subdivided into 10 dirham, 100 qirsh or 1000 fulus, central ban of Jordan controls the Dinar’s circulation while the most famous exchange rate of Jordan Dinar is the JOD to EUR rate and its strength in world business market shows the country’s economy development which makes it powerful in international trade market.
There are number of currencies in the world which are known as one of the most valuable in international trade while in the list of top 10 most expensive currencies in market, the Omani Rial is considered as one of the most value, the official currency of Oman is divided into 1000 baisa, the economic power of country can be seen in shape of its powerful currency that is ranked as 3rd most expensive currency in world and central bank of Oman controls the circulation of currency.
Dinar is the official currency of Bahrain which is considered as second most expensive currency in the world, the Bahraini dinar was introduced in 1965 while before officially introduction the Gulf rupee was in used as a medium of exchange, It is divided into 1000 fils, three decimal places denoting the fils are used to represent the Bahraini dinar which is known as one of the most valuable currencies in the world, the central bank of Bahrain controls the circulation and it empowers it for the international trade while the world eyes focus on Bahraini dinar because of its highest value.
The official currency of Kuwait which is known as Kuwaiti dinar is most expensive currency in the world, Dinar is sub-divided into 1,000 fils, the highest valued currency unit is spotted at 1st place in top 10 most expensive currencies in international market, KWD is used as the code for the Kuwaiti dinar, the Central Bank of Kuwait controls the circulation of the currency while the inflation in the country is about 4.7%, the world business community focuses their eyes to Kuwait because of its highest valued currency and oil rich country’s economic stability empower the currency.
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