What Makes the Kuwaiti Dinar the Highest-Valued Currency?

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• What Makes the Kuwaiti Dinar the Highest-Valued
  Currency?

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About Kuwaiti Dinar

• The Kuwaiti dinar derives its name from the Roman
  denarius which was widely used during the early
  days and the dinar is the national currency of
  the State of Kuwait. The dinar subdivides into
  100 fils, which are coins that are still used in
  many Arab countries.

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About Kuwaiti Dinar

• Kuwait's economy relies heavily on oil, making it
  one of the wealthiest nations in the world as
  measured by GDP per capita. People in Kuwait
  enjoy an extravagant lifestyle with access to
  some of the best in fashion, electronics, and
  automobiles.

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The Origin of the Kuwaiti Dinar

• It was not until the 1960s that a new national
  currency, the Kuwaiti Dinar, was introduced to
  replace the Gulf rupee. At first, the Kuwaiti
  Dinar was used alongside the Gulf rupee for some
  time before India devalued the latter currency
  causing its usage in the Persian Gulf to plunge.

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The Origin of the Kuwaiti Dinar

• Consequently, it was given a clear path to rise
  up as the Middle East's leading currency. After
  being reinstated by Iraq to its own monetary
  system, Kuwait has begun issuing new banknote
  series with advanced features such as GPS
  tracking and advanced security features.

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Why is the Kuwait Dinar the Strongest Currency in
the World?

• The Kuwaiti Dinar is one of the most stable
  currencies in the world. It was originally pegged
  to the British pound sterling, but due to
  changing conditions, it has been pegged to a
  variety of different currencies since then.

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Why is the Kuwait Dinar the Strongest Currency in
the World?

• Its relatively high value makes it an attractive
  option for investors looking for stability and
  helps keep its economy strong as a result. It has
  been one of the strongest and most highly valued
  currencies in the world for the past few decades.
  This strength is largely due to its peg, which
  was first established in 1945 when oil prices
  were relatively low and were allowed to float in
  1962.

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Why is the Kuwait Dinar the Strongest Currency in
the World?

• Kuwait is a small Middle Eastern nation that's
  one of the world's leading oil exporters. Its
  proven crude oil reserves are estimated to be 104
  billion barrels or 10 of the world's reserves.
  The country's economy is heavily dependent on
  petroleum goods, accounting for more than 80 of
  the Kuwaiti government's income. These are some
  of the reasons why the Kuwaiti currency is so
  high in value.

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How is Kuwaiti Currency Pegged?

• The Kuwaiti Dinar is the strongest currency in
  the world because it's pegged to oil. In the
  global market, crude oil is in high demand, and
  Kuwait has plenty of it. Hence the country
  profits from pegging its exchange rate at a high
  level since, its exports are much more valuable
  than its imports.

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How is Kuwaiti Currency Pegged?

• The highest Kuwaiti dinar note is 20 KD. People
  in Kuwait carry these notes in their purses and
  handbags and many also prefer using mobile or
  card payment to make their purchases.

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How is Kuwaiti Currency Pegged?

• The currency is the basis of more than 80 of the
  Kuwaiti government's income. The country exports
  oil and gas, which are commodities in high
  demand. As a result, they have been able to peg
  their exchange rate at a high level since their
  exports are much more valuable than their imports.

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