8 Highest Currency In The World, US Dollars Are Under

Illustration of the highest currency in the world (Unsplash/Jinyun)

YOGYAKARTA - Currency in each country has a different amount of money from other countries. The currency value of a country is influenced by the country's economic strength. The highest currency in the world is held by the Kuwaiti Dinar.

According to the United Nations, there are around 190 currencies from countries around the world. Many think that the currency with the highest value is the US dollar (USD). Because USD has always been a reference in measuring the high value of a currency.

However, the USD value is still less than the Kuwaiti Dinar currency. The currency with the highest value in the world is precisely from countries that have abundant resources of oil and gas.

The following is a list of the highest currency sequences in the world that are still rarely known.

The Kuwaiti Dinar (KWD) is ranked first as the currency with the highest value in the world. The cause of the high value of the KWD currency is the strong SDA of oil owned by Kuwait.

Kuwait is a country with the largest petroleum content. The country's global income of 80% comes from the oil sector. This abundant asset makes Kuwait not affected by inflation. The amount of 1 KWD in rupiah is equivalent to IDR 48,159.

The next position with the highest currency value is Dinar Bahrain (BHD). Just like Kuwait, the high number of Bahrain currencies is due to abundant oil SDA. In addition, Bahrain's economy is also strong because it has a lot of gas. The amount of 1 BHD if converted is equivalent to Rp39,213.

Rial Oman (OMR) keeps his next position as the highest currency in the world. Just like the previous two countries, Oman has abundant world oil reserves so that the economy is also strong. In addition, the strength of this country also comes from a low debt to GDP ratio. The amount of 1 OMR if converted is equivalent to IDR 38,496.

The currency that follows the next position is Jordan's Dinar (JOD). JOD's currency is stable and still high. Jordan can maintain this condition because it limits the value of its currency. The amount of 1 JOD if converted into IDR 20,900.

The currency with the highest value then came from Europe, namely the Cayman Islands Dollar (KYD). KYD is the currency of the United Kingdom. This country has a strong financial sector, especially in terms of taxation. The amount of 1KYD if converted is equivalent to Rp17,901.

Still from the European continent, the position of the next highest value currency is Pound Sterling (GBP). The high GBP currency value is due to the high interest rate. The higher the interest rate of a country, the more interested investors will be. The amount of 1GBP if converted is equivalent to IDR 17,571.

Swiss Franc (CHF) ranks next. CHF is the currency of the Swiss and Liechtenstein countries. CHF is able to have high value because both countries have a closed banking sector. The banking system is a safe place for international capital. The amount of 1 CHF if converted is equivalent to IDR 15,399.

The United States (USD) dollar ranks eighth as the highest currency. Apart from being a reference for measuring the currency value of other countries, USD is also the most widely used currency globally. The amount of 1USD if converted is equivalent to Rp. 14,828.

That's the highest currency order in the world. The USD dollar is not the currency with the highest value even though it is the most frequently used currency and as a reference for value. The highest currency position is dominated by countries from the Middle East that have abundant oil SDAs.

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