There are 196 countries in the world and almost every country has its own currency, except 19 countries of the Euro zone which uses same currency i.e. Euro. The value of the currency plays an important role for any country’s economy and determine the living conditions of that country. In other words, we can say that the higher the value of the currency of any country, the greater its prosperity in this country. The power of any currency could be determined when that particular currency is purchased from international market.
Below are the top 10 strongest currencies of the world with their description:
Kuwait is the richest country of the world and Kuwaiti Dinar is official currency of the State of Qatar. Kuwaiti Dinar is the strongest currency of the world that has the value of approximately 3.31 US Dollars. In the year 2014, Kuwait had issued the largest note of 20 Kuwaiti Dinar that has value of around 66.30 US Dollars. The economy of Kuwait is totally dependent on oil reserves and it is the 9th largest oil producer of the world. The symbol of Kuwaiti Dinar is KWD.
Bahraini Dinar is the official currency of Kingdom of Bahrain and it is the 2nd strongest currency of the world. One Bahraini Dinar is equal to approximately 2.65 US Dollars. The Central Bank of Bahrain had issued a note of 20 Bahraini Dinar in 2008 as the biggest currency note of the country and its value is equal to around 53.05 US Dollars. The economy of Bahrain is also dependent on oil production and exports. The symbol of Bahraini Dinar is BHD.
The official currency of Sultanate of Oman is Omani Riyal and it is the third strongest currency of the world. One Omani Riyal is equal to approximately 2.60 US Dollars. Before 1970, Oman not had any of its own currency and Indian Rupee and Saudi Riyal had been used in the Sultanate. The Central Bank of Oman had issued the largest note of 50 Omani Riyal and its value is equal to 129.85 US Dollars. The economy of Sultanate of Oman is largely dependent upon tourism and agriculture. The symbol of Omani Riyal is OMR.
The official currency of Latvia was Latvian Lat till December 2013, it was replaced by the Euro on 1st January 2014. One Latvian Lat was equal to 1.59 US Dollars and the largest note issued was of 500 Lat, equals to approximately 796.75 US Dollars. The symbol of Latvian Lat was LVL.
British Pound Sterling
The official currency of the United Kingdom or UK is British Pound Sterling and it is the 5th strongest currency of the world. Interestingly, British Pound Sterling which is commonly known as only Pound, is also used in Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands. One British Pound is equal to 1.51 US Dollars and the biggest note is 50 Pounds that is equals to approximately 75.69 US Dollars. The symbol of British Pound is £.
The official currency of Hashemite Kingdom of Jordan is Jordanian Dinar and it is the 6th strongest currency of the world. One Jordanian Dinar is equal to approximately 1.41 US Dollars. In 1999, the Central Bank of Jordan had issued the largest currency note of 50 Jordanian Dinar, which is equals to approximately 70.61 US Dollars. The symbol of Jordanian Dinar is JOD.
The official currency of Republic of Azerbaijan is Manat and it is the 7th strongest currency of the world. One Manat is equal to around 0.95 US Dollars. In 2006, the Central Bank of Azerbaijan had issued the largest note of 100 Manat which is equal to approximately 95.27 US Dollars. The symbol of Azerbaijan Manat is AZN.
Cayman Islands Dollar
The official currency of Cayman Islands is Dollar and it is the 8th strongest currency of the world. One Cayman Islands Dollar is equal to approximately 1.22 US Dollars and the largest note is of 100 Cayman Islands Dollar, which is equal to around 121.95 US Dollars. The symbol of Cayman Islands Dollar is KYD.
European Union Euro
The official currency of 19 states of Euro zone is Euro and it is the 9th strongest currency of the world. One Euro is equal to around 1.12 US Dollars and the largest note is of 500 Euro’s, which is equal to approximately 560.02 US Dollars. The symbol of European Euro is € or EUR.
The official currency of Switzerland is Franc and it is 10th strongest currency of the world. One Swiss Franc is equal to 1.07 US Dollar and the largest note issued is of 1000 Swiss Francs, equals to approximately 1072.17 US Dollars. The symbol of Swiss Franc is ₣ or CHF.