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Top 10 Most Expensive Currencies in the World

Which are the top 10 most expensive currencies in the world?

What else? What makes the Earth move? Money or currencies, of course. And people who have them.
Each country has their own currency, their own value. There are also some standard currencies such as USD (United State Dollar), GBP (Pound Sterling) and EUR (Euro) which are frequently and commonly used in foreign exchange markets.
But there are many other currencies, even more valuable than the dollar, pound or euro.
This list is ranked against the US dollar and it’s the most updated list you can get from the internet right now.
Shall we get started with the most expensive currencies in the world? We dare you do stay until the end and see which one is the most expensive currency in the world!
I say let the fun begin and start with the most expensive currencies in the world! See which one is number one! I’m sure it will surprise you!
10. Switzerland franc (1 Franc = 1.16 USD)
Switzerland is one of the richest countries in the world, and in 2004 it had the world’s largest economy by nominal GDP, placing itself on the 19th position.
Of course it has to be in our top, not only because it’s one of the wealthiest countries but also the 36th largest one by purchasing power parity.
It’s also the 20th largest exporter despite its size, it’s the best example that size doesn’t matter when it comes to richness.
With the capital at Berne and the official currency known as Franc,  as a country, Switzerland is one of the most powerful  in Europe.
It has the highest European rating in the Index of Economic Freedom in 2010 and it is also the one providing large coverage through public services.
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9. European Euro (1 EUR = 1.16 USD)
Introduced after 1999, but the Euro didn’t “fight” with the big guys until January 2001. After that, everything went smooth and Euro gained power in front of the dollar.

The euro is the official currency for 17 countries in all Europe. Yes, countries like Germany, Belgium, Finland, France, Greece, Italy, Netherlands, Portugal and Spain have Euro as their official currency.
With all that being said and done, Euro is the second largest reserve currency and the most traded one in the world.
Have you ever seen a Euro? Have you ever been in one of these countries?
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8. Cayman Islands Dollar (1 KYD = 1.22 USD)
These islands have no direct taxation, due to that reason the islands are included onto our most expensive currencies in the world.

The Cayman Islands thrive of offshore financial centers with hundreds of banks, insurers and mutual funds.
The equivalent of one Cayman Islands Dollar is $1.22 USD (before 1972 the official currency used in Cayman Islands was Jamaican dollar, but it was replaced).
But if you are on vacation and the only money you have on you are US dollars, you can use them to buy whatever you need because on the islands, the US dollar is accepted as legal currency.
So, do you want to take your US money to the Cayman Islands? I’m sure they will be glad to have you there.
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7. Azerbaijan Manat (1 Manat = 1.28 USD)
Did you know that Azerbaijan is a member of the IMF (International Monetary Fund)? Yes, the country is a member since 1991 and it became one important piece of the puzzle after gaining its independence.

Like the IMF wasn’t enough, Azerbaijan is also a member of the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank.
The official currency in Azerbaijan is the Azerbaijan Manat, their banking system consists of the Central Bank of Azerbaijan, commercial banks and non-credit organizations.
If you have no idea where Azerbaijan is located I can gladly help you there. The country is in the Caucasus region located at the crossroads of Western Asia and Eastern Europe.
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6. Jordanian Dinar (1 JOD =1.41 USD)
Jordan is known for its lack of resources, such as water and crude oil. However, that do not make them any less powerful, when it comes to having a dominant currency on the market.

They had other official currency in 1927,  because of the Palestine Currency Board orders, the Palestine pound was instated in both Palestine and Trans-Jordan Emirate; well that’s what Wikipedia says.
But you may wonder how the Jordanian Dinar became their official currency, right? It’s simple, when Jordan became independent in 1946, the country wanted to have its own currency and Jordanian Dinar made its way to the official currency.
Have you ever visited Jordan? Did you get the chance to hold their currency?
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5. UK Pound Sterling (1 GBP = 1.52 USD)
UK is maybe one of the most popular and famous countries in the world. We are sure that you heard ar least once of it.

But what about its currency? Do you know what’s the official currency in the United Kingdom?
If your answer is “No.” to that question, my friend you lived under a big rock in the last few years.
The official currency in the UK is the Pound Sterling, which in the USA you can get for 1 GBP, $1, 64 USD.
So, if you are a UK citizen (or not) you can go to USA and exchange some pounds, cause as you can see it’s a great opportunity.
Is there a reason why you shouldn’t?
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4. Latvian Lats (1 LVL= 1.65 USD)
Latvian Lats is the official currency in Latvia, a country in the Baltic region of Northern Europe.

Haven’t heard of it? Maybe you’ve heard of its neighbors: Estonian people, Lithuanians, Russians and the people from Belarus and also a maritime neighbor called Sweden.
Latvian currency is in our list because it’s currently worth $1.97 and is one of the most expensive currencies in the world.
In a country about the size of West Virginia you wouldn’t think that Latvian Lats is such a powerful currency and it has entered the process to phase out the Lat in favor of the Euro.
It sure was expected to beat Euro and be the official currency around 2012, seems like Latvian Lats are not as powerful as they seem.
The people from Latvia will be happy to have you there, so what do you say, do you want to visit the beautiful country?
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3. Omani Rial (1 OMR = 2.60 USD)
Not many people have heard of this country, but now that you know make sure you visit and see the currency with your own eyes.

The Arab state in southwest Asia on the southeast coast of Arabian Peninsula is also called the Sultanate of Oman and their official currency is Omani Rial.
Their official currency is now in our list of the most expensive currencies in the world and if you were to sell/buy one you’ll spend/get around 2.60 USD. Pretty nice deal, isn’t it?
Due its strategically important position at the beginning of the Persian Gulf, its currency exchange rate to the dollar is at the rate of 1 OMR= $2.60 US since 1986.
Because of their relationship (the one between the Dollar and the Omani Rial), Rial’s fate remains tied to the fate of the dollar.
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2. Bahrain Dinar (1 BHD= 2.65 USD)
It’s a small island with one of the most powerful currency in the entire world. This island proves that size doesn’t matter and puts itself on number two on our top with a rate of 1BHD= 2.65 USD.

It’s smaller than Washington DC but it’s richer than them because most of their industry relies on petroleum production and refining. Other than the petrol which is the most important for them, the island also has great financial services and construction industry.
So if you want to invest your money in a nice island with great financial resources, now you have the chance. If you think this one is nothing in addition to the next place in our top!
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1. Kuwaiti Dinar (1 KWD= 3.40 USD)
And the number one most expensive currency is the Kuwaiti Dinar.

Smaller than New Jersey, this country was one of the richest countries in the world in 2014. It has an average GDP of 43,700 making this country a prosper one in the Middle East Asia.
It has been involved in talks recently with five other Gulf Arab monarchies to form a single currency.
Do you think it is possible? Would they succeed?
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