Your earnings and the worth of your business actually depends on the currency you are earning in, making your highly dependent on the location of your business, the stakeholders that you deal with and off course, the revenue you generate with your business. It is interesting to see that making Rs. 50,000 in Pakistan is quite considerable in Pakistan though it only worth $500 in USA. With the varying values of currencies worldwide, your business, your wealth and your status varies significantly.
Smart earning methods is all about enhancing your business earnings and it is important to let our readers know that business in which currency would bring them a huge revenue back!
Here is a list of 10 most valued currencies of the world, Have a look!
1) Kuwaiti Dinar – 1 KWD = $3.65
Though it stands on the top of the list now but it was initially equivalent to one pound sterling, but since the Iraqi dinar followed the invasion of Iraq, trillions of banknotes were stolen. Later after the liberation, series of notes were issued, celebrating the anniversary of liberation. You can still see an optical variable device patch that shows a finger print, reference to the victims of invasion and occupation of Kuwait.
2) Bahraini Dinar – 1 BHD = $2.66
In my last visit to Bahrain, I realized that it’s a country with a currency that has a great worth. Even a cup of coffee there is of $6, that is Rs. 600/- in Pakistan. Woah!
It i the world’s fastest financial growing center and has a fastest growing and freest economy blooming on its natural reserves of petroleum. Since 1980, the dinar was officially pegged to the IMF’s special drawing rights. It used to be the third highest- valued currency but since Malta adopted the Euro in 2008, dinar became the second-highest currency unit.
3) Omani Rial – 1 OMR = $2.60
Oman was initially rolling under the Indian rupee and Maria Theresa Thaler but by 1970 the rial Saidi, the colorful and beautiful currency, was made the currency of Oman. It replaces the Gulf rupee at a rate of 21 rupees to the riyal. Riyal is divided into 100 baisa.
4) Latvian Lats – 1 LVL = $2.135
Latvia has bare the blow and amid wild winds, placing the currency back to the shores of fastest growing and richest economies since the global financial crises of 2008-2010 devastated the financial status of the land. It gave the hardest hit to Latva among the European Union members states, with a GDP decline of 26.54% in that period. Still Latvian Lats came under the title of ‘Very High’ in Human Development Index.
5) UK Pound Sterling – 1 GBP = $2.068
Right after US dollar, euro, Japanese yen, and the British pound Sterling is the fourth most traded currency in the foreign exchange market. It was named pound because it was the value of one pound of ‘sterling silver’, which is a metal that has around 92.5% real silver.
6) Jordanian Dinar – 1 JOD = $1.40
From Light green to cute pink brown, you will find up to 50 dinar banknotes, and since 1995, the dinar has been officially pegged to IMF’s special drawing rights 1 dinar equals 1.41044 US dollars. The currency of Jordan, dinar is divided into 10 dirham, 100 qirsh or 100 piastres or fils.
7) Azerbaijani Manat – 1 Manat = $1.27
Manat is the official currency of Azerbaijan which means, Coin. It is also the designation of Soviet ruble, the money of Soviet Union. But after its independence of Soviet Union 1991 it became the member of IMF, the World Bank, European Bank for Reconstruction and Development etc. With its growing interaction with Western economies its huge oil and gas reserves and minerals has landed its economy in the list.
8) European Union Euro – 1 EUR = 1.26
Euro was established by consensus of many countries in total 17 and on daily bases it is estimated to be used by 332million Europeans every day. The name euro was officially adopted in 1995 and introduced in 1999.
9) Cayman Islands Dollar – 1 KYD = $1.20
Its inception took place in 1972 and since then the currency made a boost in financial hub of the world and currently enjoys the position of 9th among most valuable currencies in the world. With no taxation policy included in monetary policy the currency is flourishing by leaps and bounds till now.
10) Swiss Franc – 1 CHF = $1.10
The only version of the franc in Europe still under use is Swiss Franc. Two different divisions are legislated to produce currency notes by Swiss National Bank and coins by Swiss mint. The notes have been under constant designing pattern and right now 8th version designed by Jorg Zintzmeyer is being followed.
All for now,