There is no doubt that the American dollar is the most popular currency on planet Earth, but not the most expensive. Bitcoin is the most expensive today - it is a virtual currency that is accepted by more and more sellers of goods and services every day. 1 bitcoin can be bought for 21,574.20 rubles. An unprecedented price for something that cannot be touched.
However, there is one “but” here - bitcoin is not officially recognized as a currency. " Now bitcoin can only be considered as a startup, not a completed project.”, - says Konstantin Grebennikov, Advisor to the Chairman of the Board of Promregionbank. " The issuance of money is carried out by the central bank of the state in whose territory this currency is in circulation. Bitcoin, on the other hand, is a virtual currency that can also be used as a means of payment, but only to pay for goods or services from merchants who are ready to accept them. Accordingly, bitcoin cannot be called a currency.”, adds Ivan Farafonov, Deputy Head of the Treasury Department of the Bank for Settlements and Savings.
If we consider real money stored in people's wallets, then the leader in terms of currency value is the Kuwaiti dinar, which costs 123.92 rubles. It is used by only about 3 million people living on the coast of the Persian Gulf. The state is rich in oil, which keeps the dinar at a high level.
The second place among the most expensive currencies in the world is occupied by the Bahraini dinar, which is sold on the market at 92.97 rubles, and the third is the Omani real, worth 90.96 rubles. The well-known British pound sterling takes only 6th place in the rating (59.44 rubles), the euro - 8th place (46.87 rubles), the US dollar and 15th position (34.81 rubles).
The vast majority of currencies can only be bought in the country of their circulation. Therefore, if you are going to travel to one of the exotic countries, then take cash euros or dollars with you. " It is most convenient and profitable to buy dollars and / or euros - in any country, even in such isolated from the outside world as the DPRK and Cuba, it will be possible to exchange them for local currency", - advises Ivan Farafonov.
Also, do not forget about the plastic card. " It is always better to have a bank card of one of the international payment systems with you with a cash reserve corresponding to your spending for two or three days. Ideally, for security reasons, a card for foreign travel should be separate from the main one and must be connected to Internet banking so that additional funds can be transferred to it from a current account at any time”, recommends Konstantin Grebennikov.
Top 20 most expensive currencies in the world
| № | Currency name | The cost of one unit (rub.) |
| 0 | bitcoin | 21574,20 |
| 1 | Kuwaiti dinar | 123,92 |
| 2 | Bahraini dinar | 92,97 |
| 3 | Omani rial | 90,96 |
| 4 | Saint Helena pound | 59,67 |
| 5 | Falkland Islands pound | 59,65 |
| 6 | GBP | 59,44 |
| 7 | Jordanian dinar | 49,42 |
| 8 | Euro | 46,87 |
| 9 | Azerbaijani manat | 44,44 |
| 10 | Cayman Islands dollar | 42,71 |
| 11 | Swiss frank | 38,56 |
| 12 | panama balboa | 35,02 |
| 13 | Cuban peso | 35,01 |
| 14 | Bahamian dollar | 35,00 |
| 15 | U.S. dollar | 34,81 |
| 16 | Australian dollar | 32,88 |
| 17 | Canadian dollar | 32,47 |
| 18 | Singapore dollar | 28,29 |
| 19 | Brunei dollar | 28,29 |
| 20 | Bosnia and Herzegovina Convertible Mark | 24,09 |
The cost of currencies is given as of July 24, 2014. The course source is https://www.google.com/finance.
The popularity of the US dollar is very high, but it is not the most expensive currency in the world anyway. The money of some Asian states, on whose territory huge oil reserves lie, is valued much higher. There are also banknotes from other parts of the world that surpass the dollar in terms of value.
For the purpose of familiarization, we propose to consider the ten most expensive currencies that are valued as highly as possible around the globe. It should be understood that the value of money and their liquidity are completely different concepts.
Kuwaiti dinar
Many could not even imagine that the most expensive currency in the world is the dinar, which is in use in Kuwait. There are huge oil deposits on the territory of this country, so the national money of Kuwait is very valuable today.
As statistics show, the number of millionaires in the state is in the proportion of 1:15. As for the total population, this figure reaches 3 million people. Kuwait's money took the leading positions back in 1961, but a significant rise in price occurred in 2006-2007.
Interesting: rates are much higher than in many other countries of the world, while the influx of immigrants remains at a very high level.
Bahraini dinar
The second place is occupied by the monetary unit of Bahrain, which is a small Arab state located on the island. The national currency of the country from 1966 to 1973 was used as the main one in the emirate of Abu Dhabi, until it was completely replaced by the dirham.
The Bahraini dinar ranks second for the same reason. The country is small in size with a well-developed oil industry. Banknotes have a rather interesting design. They clearly depict cultural monuments with attractive ornaments.
Omani rial
The currency of Oman occupied the third position before the high cost. This state is located in the southeastern part of the Arabian Peninsula and is small in size. The Omani rial replaced the Indian rupee in 1974 at a ratio of 1:1. It should be noted that he is not much inferior to the previous applicant.
The currency is the baiza, which is equal to one thousandth of the rial. Banknotes have inscriptions and numbers. They are written in English on one side and Arabic on the other.
For your information: not everyone is capable, but interesting ideas allow you to get high income already in the first stages of their implementation with the right approach.
Jordanian dinar
It is rather difficult to explain why the national currency of Jordan ranks fourth. Despite the not very well developed economic system, as well as the presence of a budget deficit, the Jordanian dinar continues to be one of the most expensive banknotes in the world.
Banknotes have an original design. On one side are portraits of kings who ruled in different periods, and on the other - the main architectural monuments belonging to a particular historical era. The 1 dinar banknote depicts rebellious Arabs riding camels carrying the national flag.
GBP
The fifth line is assigned to the ultra-stable currency, which has been one of the leaders in the world market since the end of the 17th century. This is the pound sterling. It did not lose its former positions even at a time when the US dollar was able to absorb almost the entire foreign exchange market.
The pound sterling is one of the main currencies in the Forex market. Banks of some territorial units that are part of the UK issue banknotes with their own design. This applies to financial institutions in Scotland and Northern Ireland.
Euro
The sixth place is occupied by the official currency of the European Union, which is also recognized as the national currency of some other countries. However, these states are not able to influence the monetary activity of the European Central Bank. They also cannot send representatives to the governing bodies.
Non-cash payments began to be made in euros from the beginning of 1999, and banknotes were put into circulation from 2002. The special graphic symbol was chosen through polls. From the very beginning, it was proposed to consider two main options out of ten possible.
On a note: there is evidence that it has recently grown somewhat. To verify this, you can read the statistics.
Cayman Islands dollar
Not the most expensive currency in the world, but one of the most significant ones is the Cayman Islands dollar. Money came into circulation in 1972 when the British Monetary Board was formed. On the territory of the islands, financial institutions of international level are localized.
First, four banknotes were issued for 1, 5, 10 and 25 dollars. However, in 1981, two more bills were added. 100 and 40 (now 50) dollars appeared in circulation. The banknotes are printed by De La Rue.
Swiss frank
In eighth place is the currency used for settlements in Switzerland and Liechtenstein. Frank first appeared in 1798, when the Helvetic Republic still existed. However, simultaneously with the liquidation of an independent territorial unit, the banknote was also withdrawn from circulation.
Swiss money has a very unusual design. Images on them are located not horizontally, but vertically. This immediately catches the eye when considering the banknote. The banknotes display portraits of well-known Swiss figures.
U.S
It becomes clear that the US currency is not the most expensive currency in the world. It occupies only the ninth position in the presented rating. However, with the help of the American dollar, you can pay for various goods and services in almost any country on our planet.
US banknotes are legal tender in some other countries. There is approximate statistics according to which you can see that 80% of settlements around the world are carried out in US dollars. The banknotes feature portraits of US presidents.
Advice: Today, bitcoin, which is a cryptocurrency, is especially popular. Its cost is very high. If necessary, you can use.
Libyan dinar
In tenth position is the Libyan dinar, introduced into official circulation in 1971. Banknotes are presented in several versions, issued in different years. Absolutely all banknotes on the front side have an iridescent stripe running from top to bottom.
Until 2002, all banknotes had a gray-blue gamut. However, yellowish and greenish tints could be seen on some of them. As for the new samples, they are distinguished by bright colors. The text on both sides of the banknote is written in Arabic.
Summing up
It should be understood that the exchange rate depends on many economic factors. Every year it changes significantly, so the most expensive currency in the world after some time may occupy less high positions. Everything will depend on the correctness of economic decision-making within states.
Despite the presence of many Asian currencies, money is best kept in stable units. These include, for example, US dollars and euros. They are the most liquid.
The value of a certain currency depends on the demand for it not only within the country, but all over the world. It is worth noting that a valuable currency is not a guarantee of a strong and stable economy.
The most expensive currencies for 2018-2019 according to world market analysts:
- Kuwaiti dinar
- Omani rial
- Jordanian dinar
- British pound
- Cayman Islands dollar
- European euro
- Swiss frank
- U.S
- Libyan dinar
The exchange rate is presented on 04/20/2017.
Kuwaiti dinar
Today it is the most expensive monetary currency in the world. Used since April 1, 1996.
Encoding - KWD
1 KWD = 3.32 USD
Kuwait is a small state. The only basis for economic development is the export of produced oil.
The name of the currency is associated with the coins that were in circulation in Ancient Rome.
It occupies the second position in the list. It is closely related to the United States dollar, so the dinar has not changed against it for about 15 years.
Encoding - BHD
1 BHD = 2.65 USD
Bahrain is located in the Arabian Gulf, the population of the country is a little over 1 million people. The country's economy depends on the sale of oil, similar to Kuwait.
Omani rial
Oman is a state of the Arabian Peninsula. Due to the highly developed economy, this currency is highly valued in the world, therefore banknotes are issued in denominations of half rial and quarter rial.
Encoding - OMR
1 OMR = 2.59 USD
The currency is also linked to the United States dollar, so the exchange rate of the rial fluctuates with the exchange rate of the dollar. The name of the currency comes from coins from the Arab Caliphate (7th century AD).
Jordanian dinar
The value of the dinar in world trade relations is difficult to explain, since the state's economy is unstable. The territory does not have a large amount of resources such as oil and natural gas.
Encoding - JOD
1 JOD = 1.41 USD
The Kingdom of Jordan is a country in the Middle East. Analysts agree that the value of the Jordanian dinar is due to the developed agro-industrial complex (agriculture) and the currency's peg to the United States dollar.
British pound sterling
The official currency of the United Kingdom (UK). The former colonies of the kingdom also issue pounds sterling, they are visually different. However, in the UK itself, pounds of other countries are rarely accepted and used.
Encoding - GBP
1 GBF = 1.37 USD
Sterling is a pre-existing silver coin. Banknotes began to be issued only at the end of the seventeenth century.
Cayman Islands dollar
It is a former British colony located in the Caribbean. The state is famous for providing offshore companies to foreign citizens, offering to register as a co-owner of one of the local residents. This explains the high standard of living.
Encoding - KYD
1 KYD = 1.22 USD (about 68 RUB)
Introduced into circulation in 1972, pegged to the British pound sterling.
Euro
The main currency of the entire Eurozone (17 countries) and 9 more countries that are not members of it. It began to be used in 1999, at the moment it is one of the most important world currencies along with the US dollar and the British pound sterling.
Encoding - EUR
1 EUR = 1.11 USD (about 60 RUB)
Countries where the euro is the main currency can print their own banknotes and mint their own coins. This is often used by scammers, as they look different.
Swiss frank
The Bank of Switzerland is the most reliable in the world. This is due to a highly developed economy and a high standard of living. Therefore, the currency of this country has a fairly high value.
Encoding - CHF
1 CHF = 1.02 USD
The franc is the only currency whose banknotes are vertical. It was pegged to the euro a few years ago, but now the franc is independent again. The name was taken from France, as Switzerland in the Middle Ages was under its influence.
U.S
The US dollar is the most popular currency in the world, and also the first reserve currency. It covers 62.5% of all world capital and 80% of the total trade turnover. Therefore, the dollar is accepted for payment in any country. It is also the only currency for buying oil.
Encoding - USD (about 56 RUB)
The United States Federal Reserve System, which is the central bank of the United States of America, is responsible for registering and producing the dollar. According to the World Bank, approximately $975 billion is used worldwide.
Libyan dinar
Closes the TOP 10 most expensive currencies in the world. The dinar is the official currency of Libya and appeared in 1971. Prior to that, different money was used in different parts of the country. In 2013, the dinar was updated, leaving denominations of 1, 5, 10 and 20 dinars.
Encoding - LYD
1 LYD = 0.72 USD (about 40 RUB)
What do you think is the most expensive currency in the world today?
Personally, I always thought that it was the British pound, however, as it turned out, this is not so.
Especially for blog readers, I have compiled a list of the most expensive currencies in the world (as of June 24, 2016).
The Kuwaiti dinar is the national currency of the emirate of Kuwait, equal to 1000 fils. In circulation there are banknotes in denominations of 1/4, 1/2, 1, 5, 10 and 20 dinars, as well as coins in denominations of 5, 10, 20, 50 and 100 fils. The Kuwaiti dinar is a stable freely convertible currency. It is also the most valuable currency in the world.
The Kuwaiti dinar was introduced into circulation on April 1, 1961, replacing the Gulf rupee. The Kuwaiti dinar is three times stronger than the dollar. In 2006, Kuwait revalued its national currency by 1% against the dollar. As a result, the exchange rate of the American currency fell below 0.29 dinars per unit. In May of the following year, the Kuwaiti authorities untied the dinar from the dollar, replacing the latter with a multi-currency basket.
Banknotes
The Kuwait Currency Commission issued the first banknotes on 1 April 1961 and the series remained in circulation until February 1982. The second issue of the currency took place in 1970-1971, ¼, ½, 1, 5 and 10 dinars came into circulation. However, this series was also withdrawn from circulation in February 1982. In February 1980, the Central Bank of Kuwait began the third issue of banknotes. This series was declared invalid due to invading Iraqi forces. After the Iraqi army occupied Kuwait in 1990, the appearance of banknotes changed. During the six months of occupation, the Iraqis took out of the country all the cash that they managed to find. To further prevent Iraq from using the stolen money, an exchange of paper notes was carried out immediately after the liberation of the country.
Banknotes sample 2014
On June 29, 2014, Kuwait introduced a new (sixth) series of banknotes in denominations of 1/4, 1/2, 1, 5, 10 and 20 dinars. The size of banknotes corresponds to the previous series, however, the design, security features and colors of the series differ from the previous one. All banknotes are made on a paper basis.
So, the most expensive currency in the world ...
1 - Kuwaiti Dinar
The Kuwaiti Dinar is the most expensive currency in the world against the ruble.
Kuwait is a small country with huge wealth. The high value of its currency is explained by the significant export of petroleum products to the world market.
Currency code - KWD
1 KWD = 215.581 RUB
1 KWD = 3.31 USD
2 - Bahraini Dinar
The Bahraini Dinar is the second most valuable currency in the world.
Bahrain is an island state in the Persian Gulf with a population of just over 1 million people. As in the first case, the main source of income for this country is the export of black gold.
Interestingly, the Bahraini Dinar is pegged to the dollar, and for the past 14 years, its value against the dollar has not changed.
Currency code - BHD
1 BHD = 172.67 RUB
1 BHD = 2.65 USD
3 - Omani Rial
Oman is a country on the Arabian Peninsula. Due to its strategic location, it has a developed economy and a high standard of living.
The Omani Rial, like the Bahraini Dinar, is pegged to the dollar.
Interestingly, the purchasing power of this currency is so high that the government has to issue paper notes in denominations of 1/2 and 1/4 Real. In the picture above you can see 1/2 Real.
Currency code - OMR
1 OMR = 169.10 RUB
1 OMR = 2.59 USD
4 - Jordanian Dinar
It is rather difficult to explain the high value of the Jordanian dinar, since the country is not particularly developed economically and lacks important resources such as oil. However, 1 Jordanian dinar is worth about $1.41 making it one of the 10 most expensive currencies in the world.
Currency code - JOD
1 JOD = 91.96 USD
1 JOD = 1.41 USD
5 - British Pound
It is the British Pound that everyone considers the most expensive currency in the world, but as it turns out, it is only in 4th place.
By the way, the British colonies issue their own banknotes, which are visually different from those issued by the Bank of England, but are quoted 1 to 1.
So, there are also: Scottish, Northern Irish, Manx, Jersey, Guernsey, Gibraltar pounds, as well as the St. Helena Pound and the Falkland Islands Pound.
It's funny, but native Brits don't always want to accept "other" Pounds as payment.
Currency code - GBP
1 GBP = 89.21 RUB
1 GBP = 1.37 USD
6 - Cayman Islands dollar
The Cayman Islands is one of the best tax havens in the world. These islands have provided "housing" for hundreds of banks, hedge funds and insurance companies.
It is thanks to its superiority among offshore zones that the Cayman Islands dollar is worth about $1.22.
Currency code - KYD
1 KYD = 79.43 RUB
1 KYD = 1.22 USD
7 - European Euro
Even though the Euro has lost about 20% of its value over the past year, it is still one of the strongest currencies in the world.
Part of its strength comes from the fact that it is the official currency in 17 European countries, including several economic "heavyweights".
In addition, the Euro is the world's second reserve currency, covering 22.2% of all world savings (the dollar has 62.3%).
Currency code - EUR
1 EUR = 72.52 USD
1 EUR = 1.11 USD
8 - Swiss Franc
Switzerland is not only one of the richest countries in the world, but also one of the most stable. Its banking system is known for its unshakable "Banking Secrecy".
In addition, their high-tech products are appreciated all over the world.
Pay attention to the original appearance of this banknote. It's the only currency I've seen that "looks" vertical.
Currency code - CHF
1 CHF = 66.95 RUB
1 CHF = 1.02 USD
9 - American Dollar
Due to America's leadership on the world stage, its currency has achieved such a title as the "world reserve currency". In other words, you can pay with dollars anywhere in the world.
Currency code - USD
1 USD = 65.13 RUB
1 USD = 1.00 USD :)
10 - Libyan dinar
At the end of 2015, the Libyan dinar displaced the Azerbaijani manat from 10th place in this list.
The Libyan dinar has a bargaining chip called the Dirham. Interestingly, one Dinar is equal to 1000 Dirhams, and not 100, as we are used to.
Currency code - LYD
1 LYD = 48.31 USD
1 LUD = 0.74 USD
dropped out of the top ten
Azerbaijani Manat
For me, to see the Azerbaijani manat in this list is, of course, surprising, but the currency of this Middle Eastern country is only slightly cheaper than the US dollar.
But lest you think, the local economy is actually quite strong and its unemployment rate is low.
Currency code - AZN
1 AZN = 42.23 RUB
1 AZN = 0.64 USD
Keep in mind that the healthiest economies are not always behind the most expensive currencies.
I also learned that you cannot use images of banknotes without the inscription "SPECIMEN". Learning to obey the laws, comrades!
Have you ever wondered which currency is the most expensive in the world today? Many of us incorrectly assumed that the pound sterling. But as it turned out, no.
leader in the ranking of the most valuable world units is reeking of "black gold" Kuwaiti dinar, which is equal to 1091, 33 tenge or $3,34 . The high value of its currency is explained by the huge export of petroleum products to the world market.
the site presents to your attention a selection of the most expensive currencies in the world, which you will certainly be surprised at.
Second line ranking Bahraini dinar.
1 BHD = 873, 22 tenge or $2.65
Bahrain is a small island nation in Southwest Asia. The basis of the country's economy is left by the extraction and processing of petroleum products, the provision of financial services and construction. In 1966-1973, this money was the national currency of the United Arab Emirates. After they were replaced by the UAE dirham. The Bahraini dinar entered the market in 1965 and then replaced the Persian Gulf rupee. There are no restrictions on the export and import of foreign currency. The position of the currency is so stable in the country that residents prefer to pay only in dinars, ignoring dollars and euros.
On the third place is located omani rial.
1 OMR = 854.84 tenge or $2.60
To date, the currency of Oman is quite expensive and very freely convertible monetary unit. This is largely due to the fact that the sultanate is among the oil exporting countries along with other oil-producing countries of the Persian Gulf, including Saudi Arabia, the United Arab Emirates, Qatar and Kuwait.
On the fourth place is located GBP.
1GBP = 468, 96 tenge = $1.43
The pound sterling is the national currency of the United Kingdom of Great Britain and Northern Ireland (Great Britain), which includes England, Scotland, Wales and Northern Ireland. The pound sterling was the main reserve currency in most countries of the world in the 18th and 19th centuries. The difficult economic situation in the UK after the Second World War and the increasing dominance of the United States of America in the global economy led to the loss of the pound sterling status as the most significant currency.
It became the third most widely held reserve currency in mid-2006, having seen a surge in popularity in recent years. In addition, London remains the second largest financial center in the world, where some world prices are set. In particular, for example, most of the world works under contracts for gold, the price of which is set precisely on the London fixing, and in particular this applies to contracts for physical delivery.
The money and credit markets, especially the European one, are guided by the Libor rate, which is also set in London. Often, the UK stock market is the only good alternative to the US stock market for raising equity capital because it has more liberal legislation and lower costs for listing securities on the stock exchange.
Fifth takes place Jordan dinar
1 JOD = 465.06 tenge or $1.41
The Jordanian dinar is another expensive and sought-after world unit, which in 1949 replaced the Palestinian pound and began to be actively used in international trade transactions. The Jordanian dinar is under the influence of the US dollar, and this can explain its high value, despite the fact that the economy of Jordan is less developed than that of Oman, Bahrain and Kuwait.
sixth ranked in the ranking Gibraltar pound.
1 GIP= 451.54 tenge or $1.43
It is sometimes called a livre. This currency is used mainly in Gibraltar, where the Spanish and British currencies were originally used. It should be emphasized that Gibraltar is an overseas territory of Great Britain, disputed by Spain, located in the south of the Iberian Peninsula. The Gibraltar pound is pegged to the pound sterling at a ratio of 1:1, hence the high cost of the currency.
On the seventh place - Euro.
1 EUR= 403.71 tenge = $1.23
It is the currency of more than 340 million Europeans. The euro was introduced into non-cash circulation on January 1, 1999, and in 2002 banknotes and coins were introduced into cash circulation. One of the most important advantages of the euro is the reduction of risks associated with exchange rates, which makes it easier to invest between countries. The creation of the eurozone greatly increases the field for investment, free from the risks associated with the exchange rate. With the introduction of the euro, the commissions charged by banks for transferring funds from one currency to another, which were previously charged both from individuals and commercial organizations, were eliminated. Although the savings from this for each transaction are small, given the many thousands of transactions made, it provides a significant increase in the funds circulating in the European economy.
eighth place is firmly established Cayman Islands dollar.
1 CI$= 401.25 tenge or 1.2 US dollars
In other words, it is the monetary unit of the British Overseas Territory in the West Indies (Caribbean Sea). The Cayman Islands dollar was introduced on May 1, 1972, replacing the Jamaican dollar. Since April 1, 1974, the Cayman Islands dollar has been pegged to the US dollar at the rate of 1 CI$ = $1.2. This monetary unit is highly quoted in the world currency market. It should be noted that the offshore financial services sector is one of the main components of the economy of the Cayman Islands, which is a well-known offshore. The economy of this country is based on a tax structure that provides investors and foreign citizens with a wide range of opportunities to invest funds and protect assets.
ninth place got Swiss franc.
1 CHF = 342.07 tenge or $1.04
The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. The Swiss franc has traditionally been classified as a tax haven or offshore currency, with zero inflation and legally secured gold reserves of at least 40%.
Switzerland has a free floating exchange rate regime. Since mid-2003, the Swiss franc has stabilized against the euro at CHF 1.55 per euro, so the Swiss franc, like the euro, rose and then fell against the US dollar.
On the 10
place is located U.S. dollar.
1$= 327.29 tenge
The US currency - the dollar is one of the world's reserve currencies. Experts explain this by the dominant role of the dollar as a means of international settlements.
Over the past decade, more than 50% of the total gold reserves of the world's countries were in US dollars. The US dollar also has the status of a national currency in some other countries (eg Marshall Islands, El Salvador). It is the US dollar that is often an additional currency in those countries where the national currency is not the only legal tender, including cases where their own currency is not actually used in cash and / or non-cash circulation (as, for example, in Zimbabwe).
There is an opinion that more than 80% of the world trade turnover is calculated in US dollars.
