Source: Kompas.com | Editor: Barratut Taqiyyah Rafie
KONTAN.CO.ID – Many people think that the highest currency in the world is the British pound sterling. It turned out to be a wrong guess. The pound sterling is indeed the currency with the highest value in the world. However, several decades ago, a number of currencies began to shift the exchange rate of the pound sterling.
Here is a list of the 7 highest currencies in the world whose value beats the US dollar Remitr, Friday (20/11/2020).
1. Kuwait Dinar (KWD)
The Kuwaiti dinar is by far the currency with the highest value in the world. Citing the latest forex trading data, 1 Kuwaiti dinar is equivalent to 2.47 pounds sterling.
Meanwhile, if compared to the US dollar, 1 Kuwaiti dinar is equivalent to US $ 3.27 or if converted into Rp.46,510. The high value of the Kuwaiti dinar cannot be separated from the central bank’s policy of imposing a fixed exchange rate. The reason for Kuwait as one of the largest oil producing countries is also the reason.
2. Bahraini Dinar (BHD)
The Bahraini dinar is the currency with the highest value on Planet Earth in second place. The value of 1 Bahraini dinar is equivalent to US $ 2.65 or if it is converted to Rp.37,680.
Bahrain itself is a small, oil-rich country with a population of only about 1 million people. Like Kuwait, the exchange rate of the Bahraini dinar is set to be very high because its largest source of income comes from oil exports.