Highest currency in the world 2019 – Top 10

Highest currency in the world 2019 – Top 10

Currency refers to banknotes and coins legally recognised as a medium of exchange in a country or state. So, what is the highest currency in the world, and how does it perform against the Nigerian Naira?

Highest currency in the world

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There are 180 currencies currently recognised by the United Nations used in 195 countries across the world. The US Dollar, Euro, and the Japanese Yen top the list of most popular currencies on earth respectively, but how do they rank in terms of value?

Highest currency in the world

The world's currencies have market value different from each other. One of the factors that affect the value of currency is the economic development of a country. The value is, therefore, not constant, but keeps changing with time. The currency converter {as per October 9, 2019} will help to know how individual currencies perform against the US Dollar, which is the most traded money in the world.

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What is the value of your local currency compared to the US Dollar? If you believe your country has the highest currency in the world, then check the list below to find out.

10. The United States Dollar

What is the highest currency in the world

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One USD is approximately 363.19 NGN. Countries where the US dollar circulates include the United States of America, East Timor, and in Africa, Zimbabwe, among others.

9. Swiss Franc (1 CHF = 1.01 USD)

Highest currencies in the world

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The Swiss Franc is the official money used in Switzerland and Liechtenstein. Its abbreviation CHF stands for Confoederatio Helvetica Franc. Swiss Franc comes in the form of banknotes and coins. Banknotes are available in denominations of 1000, 200, 100, 50, 20 and 10 Franc. One Swiss Franc is approximately 365.30 NGN.

8. Euro (1 EUR = 1.10 USD)

What is the highest currency in the world

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Euro circulates in the European Union and used in many European countries. The Euro is also popular all over the world. Banknotes are common for all European countries, but coins have different national symbols depicted on them. The denomination are 500, 200, 100, 50, 20, 10, and 5 EUR. The exchange rate of the Euro against the Nigerian Naira is 398.73 NGN.

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7. Caymanian Islands Dollar (1 KYD = 1.22 USD)

Highest currency

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The Caymanian Islands Dollar has been in circulation in the Cayman Islands since 1972 after replacing the Jamaican Dollar. One Cayman Islands Dollar costs 442.92 NGN. The country has the highest living standard in the Caribbean. The money has denominations of 1, 5, 10, 25, 50 and 100 dollars.

6. Gibraltar Pound (1 GIP = 1.22 USD)

Highest currency in the world

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The Gibraltar Pound is the official money used in Gibraltar, a British Overseas territory. It was introduced in 1927 and has stormed into the list of the highest currencies in the world. The Gibraltar Pound has the same size as the US Dollar but differs in its banknote design. One Gibraltar Pound costs approximately 443.82 NGN.

5. British Pound (1 GBP = 1.22 USD)

Most valuable currency in the world

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The British Pound is one of the oldest and popular currencies in the world and is often used in international trade operations. It actively circulates in the UK and Northern Ireland. One British Pound costs approximately 443.82 NGN.

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The first black and white British Pound banknotes appeared between 1725 and 1745. They have changed significantly ever since, and today, they have multiple colours and an image of the Queen of the United Kingdom.

4. Jordanian Dinar (1 JOD = 1.41 USD)

Jordanian Dinar as the highest currency on the Globe

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The Jordanian Dinar is abbreviated as JOD and costs about 512.26 NGN. It started its circulation in Jordan back in 1949 and subsequently replaced the Palestinian Pound. The banknote has a beautiful design that makes it outstanding. The banknote also has inscriptions in Arabic and English.

Despite having limited natural resources, the economy of Jordan has gradually stabilised, leading to an increase in the value of the Jordanian Dinar.

3. Omani Rial (1 OMR = 2.60 USD)

One Omani Rial equals about 944.59 NGN. It began circulating in Oman back in 1977 and divided into 1,000 Baisas. The economy of this rich country is based mostly on the oil industry, and the state earned a lot due to joining the World Trade Organization.

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2. Bahraini Dinar (1 BHD = 2.66 USD)

Which country has the highest currency in the world

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Which currency is the highest in the world? The Bahraini Dinar is the second most valuable currency in the world. It is the official currency used in Bahrain. One Dinar equals around 965.93 NGN. In 1965, the Bahraini Dinar began circulating and replacing the Persian Gulf Rupee, which was the official money used in Bahrain. Its denominations are 5, 10, 25, 50, 100, 500 and 500.

So, what is the highest currency in the world?

1. Kuwait Dinar (1 KWD = 3.29 USD)

Highest currency

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Finally! Kuwait is the country with the highest currency globally. One Kuwaiti Dinar equals approximately 1,193.90 NGN. The country has a population of over 4 million people, and it continues to attract more immigrants due to its economic stability and tax exemptions. The number of billionaires in Kuwait is also on the rise and expected to reach 39,000 by the end of 2019!

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The secret of the country's wealth and prosperity lies in oil. It holds 8% of global oil reserves. The Kuwaiti Dinar started circulating in Kuwait in 1961 and has since increased in value.

So, which country has the highest currency in the world? Forget the US, Japan, and Great Britain, but it is Kuwait that claims the bragging rights. Perhaps someday, the Kuwaiti Dinar would also expand and break its geographical boundaries to become the most popular money in the world.

Source: Legit.ng

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