When you are asked to name the strongest and most widely used currencies in the world, then you will likely say the US Dollar, the Euro, the British Pound, or the Japanese Yen.
However, while these are undoubtedly strong currencies (the US Dollar is the global reserve currency, after all), none of these currency giants makes it into the top three most valuable currencies in the world.
This is because the value of a certain currency is measured differently from how ‘valuable’ they are to trade with. No one is disputing the usefulness of holding US Dollars, Euros, or British Pound Sterling, because they are easy to trade with, are the currencies of some of the world’s most prosperous and powerful countries or unions, and will continue to be used around the world.
However, their value pales in comparison to that of certain smaller nations. There are many reasons for this but suffice it to say that the very strengths that make the above-mentioned currencies so desirable to trade with (sprawling economies, open border policies, and large populations) also make them difficult to control when it comes to value.
It is easy to debase a currency through inflation, and given the huge national debts that the US, Eurozone, and Britain carry, it is little surprise that their currencies are suffering.
Here are the three most valuable currencies in 2022:
The most valuable currency in 2022 is the Kuwaiti Dinar. Given Kuwait’s relatively small stature on the world stage, it may surprise some that it tops this list, but the logic is sound.
The Kuwaiti Dinar is currently the most valuable currency in the world because it has a stable economy that is relatively insulated from wider global trends.
This in itself is due to Kuwait’s enviable natural resources. It has a significant amount of oil (around 9% of the world’s oil reserves, to be exact), which have both made the country rich and helped it dictate its own terms in the global economy.
As a result, the currency has not been debased or tampered with in the same way a major currency like the US Dollar or the British Pound. If you want to learn more about the value of currencies, why not take a look at https://currencyapi.net.
The second most valuable currency currently is the Bahraini Dinar. This is for much the same reasons as the Kuwaiti Dinar.
Situated in the oil-rich Arabian Gulf, Bahrain has a booming economy that doesn’t rely on trading in US Dollars or any other currency for its survival. Given that it has bountiful amounts of oil, Bahrain’s economy is dominated by exporting fuel.
The third most valuable currency in 2022 is the Omani Rial. On the surface, Oman’s currency has a similar story to those mentioned above. It has benefited from its natural resources, with oil exports helping the economy to grow.
Although the currency is pegged to USD, the value of the Omani Rial is 2.60 times that of the US Dollar (and double that of the British Pound).
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