10 Most Valuable Currencies in the World
Bangalore: The moment one hears the term ‘Currency’, a U.S. dollar floats before one’s eyes. This is so because the U.S. dollar rules world trade and so it is always in limelight. But did you know there are other currencies which are even more valuable than the U.S. dollar? Here are top 10 most valuable currencies of the world. They are ranked according to their value against dollar. Even though they stand to be most valuable, it does not mean that these currencies have better investment options or that it represents good economic health of a nation. These rankings are strictly based on their exchange rates, which could fluctuate easily. So let’s check out list below:
1. Kuwaiti Dinar
One Kuwaiti Dinar (KWD) is $3.65 = 184.32
The Kuwaiti Dinar is the official currency of Kuwait. Its currency code is KWD. It is sub divided into 1000 fils. With the value of $3.65 U.S., It is the highest-valued currency unit in the world. The dinar was introduced to replace the Gulf rupee in 1961. Initially it was equivalent to Pound Sterling. Kuwait along with other five Gulf Arab monarchies, is in talks this year to form a single currency.
2. Maltese Pound
One Maltese Lira (MTL) is $3.50 = 176.75
The Maltese Pound or lira was the currency of Malta from 1972 until 31 December 2007. It is abbreviated as Lm and has its symbol is ?. It is subdivided into 100 cents or 1000 mil. The Euro replaced the Maltese lira as the official currency of Malta from 2008 onwards. The Central Bank of Malta has its monetary authority. With Maltese Pound or lira, Malta has the second most expensive currency with it.