The Most Expensive Currencies in the World

Perhaps you have wondered what is the most expensive currency in the world? And you would think, easy, the British pound, the Swiss franc, the euro and the dollar are the most expensive currencies in the world, but no, there are currencies that are even more valuable. Here’s a list of the most expensive currencies in 2020.

Kuwaiti Dinar ($ 3.29)

Kuwaiti Dinar

The most expensive currency in the world is the Kuwaiti dinar. Its currency code is KWD. The high value of its currency is explained by its significant oil exports to the global market. Kuwait is considered one of the richest countries in the world. Since 2003, the currency was pegged to the US dollar, but in 2007 the government decided to peg the Kuwaiti Dinar to the partial basket of currencies. It highlights that Kuwait is a tax-free country with a fairly low unemployment rate.

Bahraini Dinar ($ 2.66)

Bahraini Dinar

The second most expensive currency is the Bahrain dinar and the currency code is BHD. The Bahraini dinar is the second most expensive currency. Bahrain is the Persian Gulf island state with a population of just over one million people. As in the first case, the highest income in this country comes from oil exports. Its rate against the dollar has remained the same for 14 years.

Omani Rial ($ 2.60)

Omani Rial

The third most expensive currency in the world is the Omani rial and the currency code is OMR. It has a developed economy and a high quality of life. The purchasing power of this currency is so high that the government has to issue 1/4 and 1/2 Rial notes.

Jordanian dinar ($ 1.41)

Jordanian dinar

Among the most expensive currencies is the Jordanian dinar and the currency code is JOD. This country is not economically developed and has a lack of resources, such as oil. However, the Jordanian dinar costs 1.41 US dollars which makes it one of the 10 most powerful currencies in the world.

British Pound Sterling ($ 1.32)

British Pound Sterling

Among the five main currencies of the world is the British pound and its currency code is GBP. The British pound is believed to be the most expensive currency in the world, but it appears in fifth place on this list. The British Colonies issue their own banknotes, which visually differ from banknotes issued by the Bank of England.

Cayman Islands dollar ($ 1.22)

Cayman Islands dollar

This coin has a KYD code. The Cayman Islands is one of the best tax havens in the world. The Cayman Islands dollar costs about $ 1.22.

Euro ($ 1.11)

Euro currency

Among the strongest currencies is the euro and the currency code is EUR. The euro currency has strengthened in recent years. It is the official currency in European countries where you can find several economically developed countries. The euro is the second reserve currency worldwide, covering 22.2% of all savings in the world, the US dollar has 62.3%).

Swiss franc ($ 1.01)

Swiss franc

The Swiss franc is one of the most stable currencies and its code is CHF. Switzerland is not only one of the richest countries in the world, but also one of the most stable. Its banking system is known for its determined discretion. Furthermore, its high-tech products are very well known throughout the world.