Each country has its own national currency in circulation. The list of currencies of the world is very wide. However, it can be divided into several main groups. So, for example, there is a currency of European countries, African, countries of the Americas, as well as Asian countries, Australia and Oceania. In addition, the list of world currencies can be divided into two categories: the most expensive and the cheapest monetary units.
What affects the value of the currency
One of the most important indicators affecting the value of a currency is the presence of a strong and well-developed economy. It should inspire confidence among partners and investors who will be invested in government securities. In addition, the availability of minerals and their export by the country has a great influence.
If you carefully study the rating list of the currencies of the countries of the world, you can see that the most powerful and expensive are the banknotes of the Arabian peninsula. But, despite this, this currency is of little interest to other countries. This is due to the fact that it directly depends on oil. And this natural resource can dry out at a certain time. Accordingly, the income of the exporting country will also fall.
Why is the currency price falling
The list of currencies from around the world includes not only the most expensive monetary units, but also the cheapest. Often, the worse the economy of a state develops, the lower the value of its currency is estimated. However, the price of money is not always a negative indicator for the state.
So, for example, the banknotes of tourist countries of Vietnam, Cambodia and Indonesia are very low. But this does not prevent them from engaging in economic development. On the contrary, these states attract tourists with their low prices.
Sometimes the price of a currency can be affected by wars or coups d'etat. Such countries at this point in time are not up to raising the economy. Do not forget about the possible imposition of sanctions by other states.
The most expensive currencies in the world: list
Kuwaiti dinar is recognized as the most expensive currency in the world. This is a country that occupies a very small land area in the Persian Gulf. But at the same time, it is rich in oil and gas reserves. The monetary unit of the country came into circulation in April 1996.
Second place should be given to the state of Bahrain with its dinar. During the last fifteen years, currency instability has been observed, which is associated with pegging to the dollar.
The third position in this list of world currencies is Omani rial. The State of Sultan of Oman is one of the oldest. In addition to rial banknotes in circulation, the state uses coins. They are called bays. So, a thousand buys make up one rial. It is worth considering that this monetary unit is pegged to the dollar.
Jordanian dinar has no less value . It is used in the circulation of the Arab kingdom, which has a strong and stable economy. It is called the Hashemite Kingdom of Jordan and is located in the Middle East.
In addition to the above currencies, the top five includes the pound sterling. It is the official currency of the United Kingdom. Previously, this name was a silver coin. The pound banknote appeared in 1694. It is worth considering that, despite the common name, such banks in the UK as the Bank of England, Bank of Wales, Scotland and the Bank of Northern Ireland issue their personal banknotes, which differ somewhat in design. However, a currency issued by the Bank of England is accepted for payment everywhere.
The cheapest money
The national currency of Iran , the rial, which began to exist in 1798, tops the list of world currencies of the lowest in value. At one hundred dollar exchange points, you will receive several large piles of Iranian rial at once .
The currency of Vietnam is the dong. The name of this currency is translated as “copper” or “bronze”. But, despite this name, the banknotes themselves are made of special water-repellent paper. This makes them more wear resistant.
In third place of this list of world currencies is to put good. Dobra is the currency used in circulation in the Democratic Republic of Sao Tome and Principe. The economy of this state rests on the tourism business and the cultivation of coffee and cocoa.
The fourth position is the Belarusian ruble, familiar to many. Often it is called a "bunny."
The fifth position in the list of the cheapest currencies in the world is rupee, which is used in Indonesia. In the local dialect, the currency unit is called “perak”. But her official name was taken from the Indian rupee.
Freely convertible currencies
One of the most popular currencies that are accepted around the world are the dollar and the euro. But, despite all its popularity, these monetary units are approximately in the middle of the list of the most expensive banknotes in the world. At the same time, the euro is slightly ahead of its fellow conversion.
These currencies are reserve for the whole world, thanks to the most stable and developed economy of their countries.
A complete list of the names of world currencies can be found on the official websites of companies involved in the purchase / sale, as well as currency exchange.