11 Expensive Currencies Stronger Than U.S. Dollar
Bangalore: Many countries have been affected in the emerging markets due to the appreciating Dollar.
The Indian rupee tumbled 67 paise to an all-time low of 54.46 against the U.S. dollar. Other currencies like the Brazilian real were also very badly affected.
However, many of you will be surprised to know that there are many currencies that are even stronger than the U.S. Dollar. In simple words you have to pay more than a dollar to buy one unit of these currencies. But one should keep in mind that a stronger doesn’t necessarily mean that it is a better investment option nor does it symbolize a superior economic condition of a nation.
Read on to know 11 most expensive currencies in the world, as listed by Rediff.com.
Value Of 1 Dinar Against Dollar: $3.51
Value Of 1 Dinar Against Rupee: Rs 209.91
Highest Banknote: 20
The Kuwaiti Dinar is the highest-valued currency unit in the world. The currency was introduced in the year 1961 in order to replace the Gulf rupee; it was equivalent of one pound sterling initially.
The currency has seen many ups and downs over the years. The Kuwaiti Dinar was replaced by the Iraqi Dinar when Iraq invaded Kuwait. After liberation, the Kuwaiti dinar was restored.