Question #149960. Asked by
BigTriviaDawg.
Last updated Oct 16 2023.
Originally posted Oct 16 2023 7:59 PM.
The United Nations officially recognises 180 currencies worldwide as legal tender. However, popularity and wide usage do not necessarily equate to the value or strength commanded by a currency. The concept of currency strength revolves around the purchasing power of a nation's currency when exchanged for goods, services, or other currencies.
1: Kuwaiti Dinar (KWD)https://www.forbesindia.com/article/explainers/highest-valued-currencies-world/85581/1
The highest-valued currency in the world is the Kuwaiti Dinar (KWD). Since it was first introduced in 1960, the Kuwaiti dinar has consistently ranked as the world's most valuable currency. Kuwait's economic stability, driven by its oil reserves and tax-free system, contributes to the high demand for its currency.
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