He dollar American has a crucial relevance in the global economy due to several factors. It is the most used currency for international transactions and foreign trade. This means that many companies and countries use it to buy and sell products and services in the global market. The currency The United States is the predominant currency in the financial reserves of central banks around the world.
Many governments hold large amounts of dollars as part of their international reserves, allowing them to stabilize their own economy and make payments with other countries efficiently. This is how the United States currency is positioned as one of the most valuable in the world, being one of the coins with the highest cost worldwide.
The country with the most valuable currency in the world
Kuwait has the badge most expensive in the world. The Kuwaiti dinar is worth 3.25 times the US dollar. Below, we show you the top 10 most valuable currencies internationally.
- Kuwaiti Dinar (KWD) – 1 KWD = 3.25 USD
- Bahraini dinar (BHD) – 1 BHD = 2.65 USD
- Omani Rial (OMR) – 1 OMR = 2.60 USD
- Jordanian Dinar (JOD) – 1 JOD = 1.41 USD
- British Pound Sterling (GBP) – 1 GBP = 1.26441 USD
- Cayman Islands Dollar (KYD) – 1 KYD = 1.20 USD
- Euro (EUR) – 1 EUR = 1.08535 USD
- Swiss franc (CHF) – 0.90263 CHF = 1 USD
- US dollar (USD)
- Canadian Dollar (CAD) – 1.35678 CAD = 1 USD
Why is the Kuwaiti dinar so valuable?
He kuwaiti dinaridentified by its acronym KWD, is frequently recognized as the currency of greater value in the international market. Its main characteristic is that it is not subject to any link and can be converted freely. Kuwait’s robust oil industry is the fundamental pillar supporting the high value of the dinar. Historically, Kuwait has established a significant sovereign wealth fund, managed by the Kuwait Investment Authority (KIA), which ensures sustained long-term growth in the value of its currency.
The economy of Kuwait It relies heavily on oil and gas exports. Thus, any decrease in international oil prices directly impacts the country’s economy, generating potential deficits. Given this situation, the KIA has implemented a contingency plan with a duration of 7 years, aimed at maintaining the stability and high value of the KWD.
Factors such as an increase in global demand for oil drive prices up, which directly benefits the national currency. In contrast, a decrease in demand or an increase in supply of oil tends to reduce prices and adversely affect the exchange rate of the Kuwaiti dinar.
What is the exchange rate for the Peruvian sol?
According to the Central Reserve Bank of Peru (BCRP), the dollar It is S/3.7400, so the Peruvian sol is very far from the top 10 most valuable currencies in the world.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
