As we all know, the vast majority of fiat currencies in the world are issued by central banks, and the basic essence of money is credit, and credit is a broad consensus, which can also be regarded as an invisible agreement in exchange rights. Today, there are more than 180 types of fiat currencies in the world. If you were asked which currency was the most expensive, someone might answer the dollar or the euro. Do you know what the most expensive currency in the world is? Is it the dollar, the euro or the pound? In today's global development, which currency will show a stronger market position in the future? Which country does the world's most valuable currency come from? What are the values of these currencies today? How much is the conversion of ** yuan? Let's answer it together.
1st place: Kuwaiti dinars.
Currency**: KWD 1KWD=2333 RMB (January 2024).
As the legal tender of Kuwait, the dinar is arguably the most valuable currency in the world. Although Kuwait may not be as well-known as other international powers, its wealth status cannot be ignored due to its extremely high global currency exchange rate. Kuwait is the world's largest oil exporter, with proven oil reserves of 94 billion barrels, or about 10% of the world's total reserves. The maximum denomination of its currency is only 20 diinas, but at the exchange rate, 1 Kuwaiti dinar is equal to about 2333 CNY. Kuwait, which has almost zero agricultural production, is yet representative of the world's high-welfare state. Kuwaiti citizens enjoy free medical care, free education, and preferential rates for housing, drinking water and electricity. In addition to this, there are many social benefits such as marriage allowance and child allowance. Kuwaiti dinar banknotes are denominated in Dinny.
2nd place, Bahraini dinar.
Currency**: BHD 1BHD=1904 RMB (January 2024).
Bahrain, located near Qatar, is also an oil-rich Middle Eastern tycoon, with a thriving financial and tourism industry. The World Bank once hailed it as a high-income economy, with a population of just over one million. Like Kuwait, Bahrain is just as ubiquitous"Black**"Its largest island, Bahrain, is the core of Bahrain. Bahrain is a tiny country with a total area of 767 square kilometers and a population of just 1.43 million. The largest denomination of the Bahraini dinar is the same as the 20 yuan note. Affected by the economic advantages, a high proportion of the country's population has obesity problems, according to statistics, the proportion of men who are obese has reached 289%, and 38 for women2%, and the national diabetes rate is also the highest in the world. Bahrain has implemented three free policies: free medical care, free education and exemption from personal income tax, and a number of measures to benefit the people, such as low-cost housing. It is worth mentioning that Bahrain has an extremely low illiteracy rate of just 49%, especially among young people between the ages of 15 and 25, has a 99% education rate, making it the most educated country in the Middle East and Gulf region. Bahraini dinar banknotes are denominated in yuan.
3rd place, Omani rial.
Currency code: OMR 1OMR=18642 RMB (January 2024).
On this list, the top two places are mostly dominated by Middle Eastern tyrant countries, and it is gratifying that Oman is also at the top as a Middle Eastern country. Oman sits on the shores of the beautiful Persian Gulf, across the sea from neighbouring countries such as Qatar, Bahrain, and Kuwait. Oman's first banknote was denominated at 50 Omani riyals. Although Oman is rich in mineral resources, such as oil, they are more focused on developing various industries such as tourism, agriculture and fishing. After years of unremitting efforts, Oman is now one of the world's largest agricultural and tourism powerhouses, and is positioned as a high-income economy by the World Bank, ranking 70th in the Global Peace Index. Oman is a typical agrarian society, with about 40% of the population engaged in farming, fishing, animal husbandry and living a self-sufficient life. Oman's main products include barley, dates, gold, petroleum, copper, iron, and more. It is worth noting that China has become the largest importer of Oman**, accounting for more than 70% of Oman's exports. Omani rial banknotes are denominations.
Fourth, Jordanian dinar.
Currency code: jod 1jod=101,183 RMB (January 2024).
Jordan used to implement a monetary system dominated by the British pound, however, with the development of the economy more and more localized, Jordan gradually began to issue its own currency, and the currency interest rate was gradually **, even exceeding the US dollar and the British pound at one time. Jordan is an important part of the Middle East system, and its economy remains correspondingly fragile despite the effects of a long war. However, it should be noted that Jordan has a very well-developed banking sector and is strategically located at the intersection of three continents: Europe, Asia and Africa. However, despite its geographical location, Jordan is often a casualty of war. It is worth noting that other Middle Eastern countries may be rich in minerals, such as oil, but Jordan is still among the wealthier countries due to its lack of water and underground resources, but even so, Jordan is still among the richer countries through the development of chemical industry and tourism. Jordanian dinar banknotes come in denominations of 5, 10, 20, 50, 100, 200, 500.
Fifth place, pound sterling.
Currency code: GBP 1GBP=91,175 RMB (January 2024).
Britain was one of the first industrialized countries in the world, and was once known as the "empire on which the sun never sets", and was the world's largest power in the past. However, after the baptism of two world wars, coupled with the problems of leaving the European Union and Scottish independence in recent years, the former British Empire is not as good as it used to be. There are many economists** that the UK's economic situation is still on the verge of further decline. The British pound was once the world's leader in currency settlement, but after World War I, its position gradually declined and was gradually replaced by the US dollar. It is worth mentioning that despite its inferior status, the pound still occupies the third place in global foreign exchange reserves, after the US dollar and the euro. Pound sterling banknotes are denominated in pounds sterling.
Sixth, the Cayman Islands dollar.
Currency**: KYD 1KYD = 87 RMB (January 2024).
The Cayman Islands is currently the fifth largest financial centre in the world after New York, London, Tokyo and Hong Kong. The total assets of the island's financial and trust industries have exceeded 250 billion US dollars, and an average of about 4,300 companies are registered here every year. The Cayman Islands is a British Overseas Territory, a world-famous tourist destination, and a well-known tax haven, with a simple tax regime that has not levied direct taxes such as personal income tax, corporate income tax, capital gains tax, real estate tax, and inheritance tax for many years. In addition, more than 150 U.S. companies have incorporated subsidiaries in Georgetown, the capital of Cayman, including large companies such as Coca-Cola, Intel, Oracle, and Procter & Gamble. Ugland House, a five-storey office building on South Church Street in the Cayman Islands, provides office addresses for more than 18,000 companies. Cayman dollar banknotes are denominated in Cayman dollars.
7th place, Swiss francs.
Currency**: CHF 1CHF = 83 RMB (January 2024).
Switzerland is rich in tourism resources, and the whole territory is dominated by plateaus and mountains, and enjoys the reputation of a world park and the roof of the world. As a neutral country in the world and with the best banking system in the world, the Swiss franc is often referred to as a traditional safe-haven currency due to its stable political environment and fiscal policy. Switzerland is known for its strict banking secrecy, which has attracted numerous inflows of capital. The headquarters of many multinational companies in Switzerland include Victor, Glencore, Gonnwall, Trafigura, Nestlé, Novartis, Roche, AB B, Mercuria and Adecco, as well as UBS, Zurich Financial Services, Credit Suisse, Tetra Pak, Paradise Carebau, Swiss Re and Schwarqu Group. Switzerland is also one of the most influential economies in the world. The paper denominations of Swiss francs are Swiss francs.
8th place, the euro.
Currency**: EUR 1EUR=779 RMB (January 2024).
The euro originates from 19 countries in the European Union: Germany, France, Italy, the Netherlands, Belgium, Luxembourg, Ireland, Spain, Portugal, Austria, Finland, Lithuania, Latvia, Estonia, Slovakia, Slovenia, Greece, Malta, Cyprus. These 19 countries are collectively known as eurozone countries, and six non-EU countries and territories also use the euro as legal tender: Monaco, San Marino, Vatican City, Andorra, Montenegro and Kosovo. The euro is a popular currency in the international financial market, not only the world's second largest reserve currency, but also widely used in the foreign exchange market. The euro is not the currency of a particular country, but is managed by systems such as Europe's ** banks. The value of the euro includes the euro.
Ninth place, the US dollar.
Currency**: USD 1USD = 71,774 RMB (January 2024).
The U.S. dollar is the current legal tender of the United States of America and is issued by the Federal Reserve System of the United States. Since 1913, the United States has established a federal reserve system and issued federal reserve bills. More than 99% of the banknotes currently in circulation are Federal Reserve Bills. The U.S. dollar is the currency of the United States, the world's most developed country, and plays a key role in the global economy and finance. The U.S. dollar is widely circulated around the world, and the U.S. undoubtedly remains the frontrunner of the world's major payment currencies. U.S. dollar banknotes denominations include U.S. dollars.
10th place, Canadian dollars.
Currency identifier: CAD 1CAD=53,356 RMB (January 2024).
As a close neighbor of the United States and the second largest country in the world, Canada has a rich personality, with vast land, sparse population, rich mineral resources, and a high standard of living that many European countries cannot match. Canada's GDP per capita ranks 16th in the world based on international exchange rates. Since the country's currency has been significantly affected, it has become one of the eight major currencies in the world. The Canadian dollar is drawn in both English and French, as the inhabitants of Canada are mainly descendants of British and French immigrants, and the capital, Ottawa, is divided into English-speaking and French-speaking areas, respectively. An official currency issued by the Bank of Canada. Canadian banknotes denominations are:
The above currency rankings are subject to regular revision due to exchange rate fluctuations.