Top 10 countries with the best currency in the world
Today I will be bringing to our knowledge the ten countries with the highest currencies,it was painful to note that no African country made the list. so below they are:
10. The United States Dollar
One USD is approximately 362.973 (Nigerian Naira). 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 = 1.022 USD)
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 371.226 NGN currently.
8. Euro (1 EUR = 1.08775 USD)
The Euro circulates in the European Union and is 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 current exchange rate of the Euro against the Nigerian Naira is 394.828 NGN.
7. Caymanian Islands Dollar (1 KYD = 1.2195 USD)
The Caymanian Islands Dollar has been in circulation in the Cayman Islands since 1972 after replacing the Jamaican Dollar. One Cayman Islands Dollar currently costs 442.651 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 = 1.29648 USD)
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 470.589 NGN.
5. British Pound (1 GBP = 1.29650 USD)
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 currently costs approximately 470.595 NGN.
4. Jordanian Dinar (1 JOD = 1.41044 USD)
The Jordanian Dinar is abbreviated as JOD and currently costs about 511.951 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 = 2.60078 USD)
One Omani Rial currently equals about944.014 NGN. It began circulating in Oman back in 1977. 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.
2. Bahraini Dinar (1 BHD = 2.65957 USD)
Bahraini Dinar is the second most valuable currency in the world. It is the official currency used in Bahrain. One Bahraini Dinar currently equals around 965.354 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.
1. Kuwait Dinar (1 KWD = 3.28089 USD)
Kuwait is the country with the highest currency globally. One Kuwaiti Dinar currently equals approximately 1,190.88 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.