money with the highest value in the world
It's not the Dollars, neither the Pound Sterling that's the highest currency in the world. Someone is asking why? Lol it's surprising I think, so don't get confused, popularity is not the same as value. Dollars are everywhere, it's used worldwide but don't forget other money is still in use worldwide.
In this discussion, we'll elaborate on Kuwaiti Dimar which is abbreviated as KWD. The money is not as popular as the USD but believe me, Kuwaiti Dimar is the money with the highest value in the world. It's own by Kuwait a country in the Asia continent.
The New Kuwait money was introduced and brought into circulation on 29 June 2014 by the Central Bank of Kuwait. One main feature of the sixth series of Kuwaiti banknotes are coarse so that the blind can identify them by touch.
1 Kuwaiti Dinar is equal to 3.27 United States dollars (1 KWD = 3.27 USD).
1 Kuwaiti Dinar is equal to 1,246.41 Nigerian Naira ( 1 KWD = 1,246.41 NGN).
1 Kuwaiti Dinar is equal to 2.76 Euro (1 KWD = 2.76 Eur).
1 Kuwaiti Dinar is equal to 2.46 pound Sterling(1 KWD = 2.46 GBP).
Someone would ask, why is my country money having low value?
Factors that influence countries money values
Government debts: when a country borrows money from other countries, it affects the country's money value and usually leads to money value lost if not properly invested.
Government debts can help the country economic when used to strengthen economically but can be destructive when such money is looted, or use for non-essential projects.
Interest rates: when a country increases its interest rate, that country's generate higher interest payment. if the interest rates are decreased, chances for gain decrease and such currency is deemed less valuable, resulting in loss of confidence, and people will sell such investment off. That will lead to a low currency value.
Economic Stability: When a country's economy is stable, investors will be encouraged to invest which would definitely boose the country's economy and increase money values because of increasing demand. No investor is going to invest in a high-risk economy.
Account deficit: when a country's trade is measured by the values of the goods and services exported and the values of goods and services imported, if the money used to import exceeds the values of goods and services exported, the country will experience low money values.
Note: Trade deficit is different from the account deficit. Trade deficit talks about import and export.
Crisis: When a country is experience wars and impending elections the strength of a currency can still be affected because no one would invest in a war tore country. When there are peace and stability investors would be attracted and money value would increase.
I believe by now, we all know that Kuwait's money, Kuwaiti Dinar has the highest value in the world.
Comment and give your opinion.