by Rocky Fri 02 Aug 2024, 2:39 pm
AM:11:02: 02/08/2024Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United ... ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
AM:11:02: 02/08/2024
Four Arab currencies top the list of the 10 most powerful currencies in the world out of 180 currencies recognized by the United Nations. The US dollar comes in tenth place globally. The following is a list of the most powerful currencies in the world:
1. Kuwaiti Dinar: equivalent to 3.27 dollars
The Kuwaiti Dinar is the most valuable currency in the world. Since its introduction in 1960, the Kuwaiti Dinar has continued to top the list of the most valuable currencies thanks to Kuwait's economic stability and oil reserves.
2. Bahraini Dinar: equivalent to 2.65 dollars
The Bahraini Dinar is the second strongest currency in the world. The Bahraini Dinar is pegged to the US Dollar and is used exclusively in Bahrain, which has a large expatriate community, including a large number of Indians.
3. Omani Rial: equivalent to 2.60 dollars
The Omani Riyal is the third most valuable currency in the world. It was introduced after Oman stopped using the Indian Rupee. The economy of the Sultanate of Oman is heavily dependent on the oil sector.
4. Jordanian Dinar: equivalent to 1.41 dollars
The Jordanian dinar has been the official currency of Jordan since it replaced the Palestinian pound in 1950, with fixed exchange rates and a diversified economy.
5. British Pound: equivalent to 1.26 dollars
The pound sterling is used in Great Britain and has an important place in global finance, thanks to London's status as a financial centre and intense commercial activity.
6. Gibraltar Pound: equivalent to 1.26 dollars
7. Cayman Islands Dollar: equivalent to $1.20
8. Swiss Franc: equivalent to 1.14 dollars
9. Euro: equivalent to 1.08 dollars
10. US Dollar: Equivalent to $1.00
These currencies continue to play a major role in the global economy, as their strength reflects the economic and financial stability of the countries that issue them.
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Why even mention the Dinar unless it was not for a reason to ask the question. We all know that the project to delete the zeros from the exchange rate still exists. Al-Sudani and others have talked about the dinar being stronger than the dollar. They have told us that i may reflect a past era, like back in the glory days of 1980.. imo ~ MM
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SNIPPET: June 24, 2011
""Saleh noted that until 1980 the Iraqi dinar exchange rate was 1 dinar / $3.3 compared to $1 / 1,168 dinars now due to hyperinflation that occurred during the latter part of the late ousted leader Saddam Hussein's reign.""
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SNIPPET Feb 2024
“When this is done correctly, we can expect Iraq to become a strong dinar that is considered a store of value, and perhaps even stronger than the dinar that was before 1980,” Al-Hashemi said.
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SNIPPET: July 26th, 2023
Al-Alaq: the rise in the exchange rate "my time" and the project to delete zeros still exists. ~ Al-Alaq
Jul 26, 2023 |
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