The Dinar, the Strongest Currency in the World

[Suba]

Since ancient times, the Dinar has been used by the Arabs. At that time, the Dinar was made of gold. Besides the Dinar, there was also the Dirham, which was made of silver. Currently, there are three types of Dinar: the Kuwaiti Dinar (KWD), the Bahraini Dinar (BHD), and the Jordanian Dinar (JOD).
Currently, all Dinar currencies are made of paper, no longer gold or silver. To compare the Dinar exchange rate to the USD:
KWD/USD = 3.27 USD
BHD/USD = 2.65 USD
JOD/USD = 1.41 USD

Since 2013, the Kuwaiti Dinar has been the strongest currency in the world, with a value greater than international currencies such as the USD, EUR, GBP, etc. However, unfortunately, the Kuwaiti Dinar is less popular than the USD and EUR.

 

[gwolf666]

The dinar has a fascinating history dating back to ancient times, when it was minted in gold and the dirham in silver. Today, modern versions of the dinar, such as the Kuwaiti dinar, the Bahraini dinar, and the Jordanian dinar, are issued in paper form and maintain a significantly high value against the US dollar. For example, one Kuwaiti dinar is worth approximately $3.27 USD, while the Bahraini dinar is worth $2.65 USD and the Jordanian dinar $1.41 USD.

The Kuwaiti dinar has stood out as the **strongest currency in the world** since 2013, surpassing even the dollar, the euro, and the pound sterling in terms of value. However, its popularity is limited outside its region, making its global use much lower compared to currencies like the USD or EUR. This difference between strength and acceptance illustrates how the economic strength of a currency does not always translate into international use, but it does reflect the stability and soundness of the country that issues it.

 

[Min George]

@Suba, what is the chief driver of the economy of Kuwait that the currency is that strong? How much is it worth a dollar?

 

[Suba]

@Suba, what is the chief driver of the economy of Kuwait that the currency is that strong? How much is it worth a dollar?

Kuwait's primary economic driver is its status as one of the world's largest oil exporters. According to information I've read, Kuwait has crude oil resources exceeding 15%. USD/KWD = 0.31 KWD.

 

[Starmix]

My brother is an OFW in Saudi Arabia. He's assigned in Bahrain and his salary is in dinar which when converted to Ph peso is handsomely huge. But the richest country in the world is Qatar.

 

[Augusta]

Definitely, even with it's strong value it is less popular. Because personally I have never heard of dinar. Good that you shared

 

[Suba]

Definitely, even with it's strong value it is less popular. Because personally I have never heard of dinar. Good that you shared

That's right, the Dinar currency isn't as popular as the USD, EUR, YEN, etc., and it's even less well-known in forex trading. Perhaps it's less volatile, making it less profitable for traders.

 

[Augusta]

I like the fact that it is a profitable currency for traders maybe with this the usage might be encouraging to an extent

 

[Min George]

Does this superior currency actually translate to a better life for the people. Is Kuwait a tier 1 country?

 

[Suba]

Does this superior currency actually translate to a better life for the people. Is Kuwait a tier 1 country?

That's right, Kuwait is one of the richest countries in the world, and also among the top 10 highest-paid countries. Its Gross Domestic Product per capita is also high.