Sunday, September 22, 2013

World’s most valuable currency



World’s costliest currency is Kuwait Dinar(1 KWD = 3.5 USD), It’s an Arab country in western Asia. The country total area covers 17,820 Square KM and the population is 2.6 million as of 2012. And its the 5th richest country in the world per capita income is $81,800.

What made Kuwait Dinar as most valuable currency in the world.

Unlike other country currency’s Kuwait Dinar was dividend by 1000 units most of the countries will be divided by 100 units. The reputation of dinar to maintain a very high exchange rate make the currency the most highly valued currency in the world, yes Kuwait hold 10% worlds crude oils reserve, still crude oils is trade in USD.

No comments:

Post a Comment