Most Expensive Currency in the World: Every country in the world has its own currency. The value of the currency of every country is different. Talking about the currency of many countries, the currency of the country is so weak that 1 Indian rupee is considered equal to dozens or hundreds of their units. Where the currency of many countries is much weaker than the rupee. At the same time, some currencies are so strong that the rupee of the country cannot stand in front of them. The dollar is also included in these currencies, but do you know that there is a currency stronger than the dollar in the world?
Do you know which is the strongest currency in the world?
Talking about the strongest currency in the world, the Kuwaiti Dinar is considered the strongest currency. Its value is more than the US dollar. For this reason, it has been placed at the top of the global currency chart.
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The dollar is weaker than the Kuwaiti Dinar
Please note that the current exchange rate is 1 Kuwaiti Dinar equals 3.28 US Dollars. This means that the Kuwaiti currency Dinar, is much stronger than a strong currency like the US Dollar.
On the other hand, if we compare the Indian Rupee to the Kuwaiti Dinar, it is significantly weaker. One Kuwaiti Dinar is equal to 283.09 Indian Rupees. According to this, if someone in the country has 1 lakh rupees, then it is considered equal to only 353 Kuwaiti Dinars.
How strong is the Kuwaiti Dinar
Kuwaiti Dinar may be a small country, but its currency is considered to be very strong. Because its oil-based economy is very strong, per capita income is considered to be the highest in the world, and it has large sovereign reserves.
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How much is the benefit of income on low inflation
Let us tell you that the situation, like low inflation, high income, and positive trade balance in Kuwait, has maintained the strength of the Kuwaiti Dinar for a long time. This is the reason why its value is kept at the top in the world.
Where does the Indian Rupee stand?
If we compare the Indian Rupee with other currencies, it is still much stronger than many currencies, but when it comes to expensive currencies like the Kuwaiti Dinar, the Rupee lags far behind.