Top 5 Most Expensive Currency In The World

5) British Pound:-

The full official name Pound Sterling   is used mainly in formal contexts and also when it is necessary to distinguish the United Kingdom currency from other currencies with the same name. Otherwise the term pound is normally used. 

The currency name is sometimes abbreviated to just sterling, particularly in the wholesale financial markets, but not when referring to specific amounts.

The pound sterling ,commonly known as the pound, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound.

4) Jordanian Dinar:-

The Jordanian dinar is the currency of Jordan. It is also widely used alongside the Israeli shekel in the West Bank. The dinar is divided into 10 dirham, 100 qirsh (also called piastres) or 1000 fulus. 

After Jordan became an independent kingdom on 25 May 1946, the idea of issuing a national currency arose and led to the passing of the Provisional Act No. 35 of 1949. Under this Act, the Jordan Currency Board got formed, which became the sole authority entitled to issue Jordanian currency in the kingdom. The London-based entity consist of a president and four members.

3) Omani Rial:-

The Omani rial is the currency of Oman. It is divided into 1000 baisa. 

                 

You may be surprised to know that before 1940, in Muscat and Oman,  He Indian rupee and the Maria Theresa thaler (known locally as the rial) were the main currencies circulating in the coast and Thaler in the interior. Maria Theresa Thaler were valued at 230 paisa, with 64 paisa equal to the rupee.

2) Bahrain Dinar:-

The dinar is the currency of Bahrain. It is divided into 1000 fils. The name dinarderives from the Roman denarius. The dinar was introduced in 1965, replacing the Gulf rupee at a rate of. The Bahraini dinar is abbreviated or BD . It is usually represented with three decimal places denoting the fils.

1) Kuwaiti dinar:-

The Kuwaiti dinar is the currency of Kuwait. It is sub-divided into 1,000 fils. The Kuwaiti dinar is the world’s highest-valued currency unit.

It was in the year 1960 when Kuwaiti Dinar got introduced. The Highest Currency in the World , Kuwati Dinar was introduced to replace the Gulf rupee, equal to the Indian rupee.. Things changed when in 1990, Iraq invaded Kuwait and the Iraqi dinar replaced the Kuwaiti dinar as the currency, then large quantities of banknotes were stolen by the invading forces. After liberation, the Kuwaiti dinar got restored as the country’s currency and a new banknote series were introduced, allowing the previous notes, including those stolen, to be demonetised.

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