Currencies are important for a country to run their economy. Not only because of this, they are also important as they inform us that what is the current position of their economy as compared to our economy. In general sense, we only know that Dollars is stronger than Indian Rupees but there are several other currencies too which are affecting the economy of our country. Let us know about the top most expensive currencies:.

This currency is considered as safe currency which is having zero inflation rates and it is a legal requirement of which 40 percent is backed up into gold reserves. The currency is valued at Rs.

It also saw an appreciation in the year and also got appreciation when the inflation occurred in the US and European countries. The currency appreciation is also considered as a threat for the domestic transactions, the Switzerland Bank had done some serious intervene so that currency cannot appreciate beyond that.

This currency is also considered as dollar and it is valued at 1 dollar against Rs. The highest denomination of notes that the government has released so far is Rs. There are hundreds of banks, insurers and mutual funds on which there financial system is based.

The Jamaican dollar was the earlier currency used on Cayman Island. The one interesting fact is that US dollar is accepted as legal tender on this island. The currency of Azerbaijan got into existence after the independence of the country in After that only it came into the membership of the World Bank, International Monetary Fund, the Islamic development Bank and the European Bank for its reconstruction, establishment and development.

The highest currency they offer is Euro and its 1 euro stands of Rs. There is one central bank in Azerbaijan and also there are some commercial banks and non-banking credit organizations.

Highest Valued Currency of the World | Which Country has Highest Currency Value

With the highest bank currency of Euro, this currency is the official currency of 17 European countries. Few of the developed and u1nderdeveloped countries like Portugal, Spain, Greece, France, Italy, Finland and Belgium are using this currency.

Its 1 Euro is standing at Rs. This currency is the second largest reserve currency and also considered as the most traded currency in the world. Within the financial market of Europe, this currency was introduced in the year for all trading purposes.

This currency is used as the local currency of the kingdom of Jordan after its independence in the year One Jordanian Dinar is equal to Rs. Earlier to its independence, from to ; the Palestine Government imposed their currency as the legal tender currency Palestine Pound for their own country and also for the Trans Jordan Emirate. However, now they have their own currency. One of the oldest currencies in the world is the pound sterling.

10 Most Expensive Currencies of the world in | Rich Income Ways

This is also the fourth most traded currency in the world after the American Dollar, Euro and Japanese yen. There highest currency which they legalised is pound in Northern Ireland and Scotland and 50 pound in England and Wales.

About 4 percent of the total global reserves, sterling is the third most held reserve in the world.

The currency here is known as Lats and one Lats is equal to Rs The history of this currency in Latvia is that first it was introduced in the year and then it was replaced by Soviet ruble. Then after that they were under the USSR governance and after they got their independence again, the currency was introduced by the government in The good thing was that in the European Union asked Latvia to introduce Euro in their country to replace Lats as the national currency.

From they were operating on euro and Lats was no longer their currency. Talking about Rial, the currency was introduced in the country Oman in the year Before that, the main currency circulation was affected by the Indian rupees and it was the main currency in circulation in Muscat and Oman at that time. The highest banknote that they produced is 50 Rial and its one Rial is equal to Rupees The highest banknote issued by the government of Bahrain is 20 dinar and one dinar is equal to Rupees This currency was introduced in Bahrain is and replaced the older currency of Gulf Rupee.

When it was introduced, the value of 1 Bahrain dinar was equal to 10 rupees. When Malta adopted their currency as euro, Bahrain dinar was the third largest valued currency and at this time it is on second number. The value of one dinar is equal to Rs. The highest bank currency in circulation is 20 dinar and it was initially valued equivalent to one pound sterling. When Iraq invaded Kuwait in , they introduced Iraqi dinar replacing Kuwaiti Dinar and then it was restored after the liberation.

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