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Daniel Prince
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2024-12-22 18:05:28

Daniel Prince on Nostr: There are 8 remaining fiat currencies yet to pass the 100k price vs #Bitcoin. And no, ...

There are 8 remaining fiat currencies yet to pass the 100k price vs #Bitcoin.

And no, The GreAt BriTisH PoUnd is not the last man standing.

1. Kuwaiti Dinar (KWD)
The Kuwaiti dinar is the strongest currency in the world, with 1 dinar buying 3.26 dollars (or, put another way, $1 equals 0.31 Kuwaiti dinar).

Kuwait is located on the Persian Gulf between Saudi Arabia and Iraq, and the country earns much of its wealth as a leading global exporter of oil. The Kuwaiti dinar was introduced in the 1960s and was initially pegged to the British pound before being re-pegged to an undisclosed basket of currencies.

2. Bahraini Dinar (BHD)
The Bahraini dinar is the second-strongest currency in the world, with 1 dinar buying 2.65 dollars (or $1 equals 0.38 Bahraini dinar).

Bahrain is an island nation in the Persian Gulf off the eastern coast of Saudi Arabia. Like Kuwait, the country earns much of its wealth from oil and gas exports. The Bahraini dinar entered circulation in 1965 and is pegged to the dollar.

3. Omani Rial (OMR)
The Omani rial is the third-strongest currency in the world, with 1 rial buying 2.60 dollars (or $1 equals 0.38 Omani rial).

Oman sits between the United Arab Emirates and Yemen at the eastern tip of the Arabian Peninsula. As with its wealthy neighbors, Oman is a major exporter of oil and gas. The Omani rial was introduced in the 1970s and is pegged to the dollar.

4. Jordanian Dinar (JOD)
The Jordanian dinar is the fourth-strongest currency in the world, with 1 dinar buying 1.41 dollars (or $1 equals 0.71 Jordanian dinar).

Jordan is a largely landlocked country in the Middle East that is less dependent on oil and gas exports than other nations in the region. It has struggled with sluggish economic growth and rising debt. The Jordanian dinar entered circulation in 1950 and is pegged to the dollar.

5. British Pound (GBP)
The British pound is the fifth-strongest currency in the world, with 1 pound buying 1.22 dollars (or $1 equals 0.82 British pound).

Britain’s economy is the world’s sixth largest by gross domestic product (GDP), according to the World Bank. The pound was first introduced in the 1400s before being decimalized in 1971. It is free-floating, not pegged to other currencies.

6. (tie) Cayman Islands Dollar (KYD)
The Cayman Islands dollar is in a tie for sixth among the strongest currencies in the world, with 1 Cayman dollar buying 1.20 dollars (or $1 equals 0.83 Cayman Islands dollar).

The Caymans are a British territory in the Caribbean and are an offshore financial center. The Cayman Islands dollar was first introduced in the 1970s and is pegged to the dollar.

6. (tie) Gibraltar Pound (GIP)
The Gibraltar pound shares the No. 6 spot among the world’s strongest currencies, with 1 pound buying 1.22 dollars (or $1 equals 0.82 Gibraltar pound).

Gibraltar occupies just 2.6 square miles at the southern tip of Spain and is officially a British territory. The Gibraltar pound was first introduced in the 1920s and is pegged to the British pound (at par, meaning one GIP equals one GBP).

8. (tie) Swiss Franc (CHF).
The Swiss franc eighth among the strongest currencies in the world, with 1 franc buying 1.08 dollars (or $1 equals 0.92 Swiss franc).

The Swiss franc is the official legal tender of Switzerland and its tiny neighbor Liechtenstein, and the currency is seen as a safe haven due to Switzerland’s political stability. The Swiss franc was introduced in 1850 and was later briefly pegged to the euro before moving to a free-float.

Sauce:

https://www.forbes.com/advisor/money-transfer/highest-currencies-in-the-world/
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