Do You Know The 10 Most Expensive World Currencies In 2020? By Innocent Adulugba

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Innocent Adulugba

Most people believe that the British Pound is the highest currency. There are a few more valuable currencies.Here is the latest global currency rankings.

#1 – Kuwaiti Dinar(1KWD = $3.29, 2.97 EUR )

Kuwaitranks top and is regarded as one of the richest countries in the world.Its massive oil exports constitute over 80% of its revenue. Its petroleum production is the easiest and cheapest. It operates a tax-free system with a very low unemployment rate.

#2 – Bahrain Dinar BHD ($2.66) (1BHD = $2.66, 2.40 EUR)

This Persian Gulf island state has a population of just over 1 million people. The “black gold” is Bahrain’s mainstay. Interestingly, the Dinar has remained stable since 2005.

#3 – Oman Rial (1OMR = $2..60, 2.34 EUR)

Oman possess a developed economy and a high quality of life.The 1/4 and 1/2 Rial banknotes are issued due to the high purchasing power of its currency.

#4 – Jordan Dinar (1JOD = $1.141, 1.27 EUR )

Jordan is not economically developed, and it lacks essential resources, such as oil.Nevertheless, one Jordan Dinar costs 1.41 US Dollars.

#5 – British Pound Sterling(1GBP = $1.32, 1.19 EUR )

There are several British-esq banknotes: Scottish, North Ireland, Manx, Jersey, Guernsey, Gibraltar Pounds, as well as St. Elena Island Pound and Falkland Islands Pound.Visually, they differ from banknotes issued by the Bank of England, but are valued as 1 per 1. Native Britons often prefer native Pounds as a means of payment.

#6 – Cayman Islands Dollar(1KYD = $1.22, 1. 01 EUR)

The countryis one of the world’s best tax haven. These islands provided licenses for hundreds of banks, hedge funds, and insurance companies.

#7 – European Euro(1EUR = $1.11)

The Euro is the second reserve world currency enveloping 22.2% of all world savings (US Dollar has 62.3%). It is the official world currency in European countries.

#8 – Swiss Franc(1CHF = $1.01, 0.91 EUR)

Switzerland is one of the richest andmost stable countries in the world. Its banking system had long been known for its formerly resolute “Bank Secrecy”.Besides, its high-tech goods are very well known around the globe.The country boasts extraordinary banknotes with vertical view.

#9 – US Dollar(1$ = 0.90 EUR)

The American dollar is exclusively a World Reserve Currency. It is used to make payment in any country in the world. This is mainly because of the USA’s world economic leadership status.

#10 – Canadian dollar (1 CAD =$0.75, 0.68 EUR)

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.

@innoadulugba

Source: wealthygorilla.com 

 

 

 

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