10 Most Valuable Currencies in the World 2014

Most-Valued-Currencies-in-the-world 

“At my early years, I thought that money was the most important thing in life; now that I am old I known that it is,” said Irish writer and poet Oscar Wilde. Money plays an important role in today’s world. Currency is a system of money in general use in particular country for exchange for goods and services.

Here is a brief overview of the top 10 most valuable currencies in the world, with their value in US dollars.

10) US dollar 9) Swiss Franc

The US dollar is the official currency of the United States of America. USD is its currency code. It is a Federal Reserve note and consists of 100 smaller cent units.

10 Dollar-Bills-e1413293465576-1024x490

9) Swiss Franc (1 Swiss Franc = $1.05)

 

Swiss franc is the currency and the legal tender of Switzerland and Liechtenstein. CHF is its currency code.

9 Swiss-Franc-bills

8) Cayman Islands Dollar (1 Cayman Islands dollar = $1.22)

Cayman Islands dollar is the official currency of the Cayman Islands. KYD is its currency code and CI$ is its symbol. It is divided into 100 cents.

8 Cayman-Islands-Dollar-Bills

7) Euro (1 euro = $1.27)

Euro is the official currency of the European Union nations. The EU has 28 member states. EUR is its currency code. European Central Bank is the monetary authority of the EU.

7 euro-banknotes

 

6) Azerbaijani Manat (1 Azerbaijani Manat = $1.28)

Azerbaijani Manat is the official currency of Azerbaijan. It is subdivided into 100 qapik. AZN is its currency code.

6 Azerbaijani-Manat

5) Jordanian dinar (1 Jordanian dinar = $1.41)

Jordanian dinar is the official currency of Jordan. JOD is its currency code. It is subdivided into 10 dirham, 100 qirsh or 1,000 fils. Since October 23, 1995, the Jordanian dinar has been officially pegged to the IMF’s special drawing rights (SDR).

5 jordan_dinar

4) British Pound Sterling (1 Pound Sterling = $1.61)

Commonly known as pound, the British pound sterling is the official currency of the United Kingdom. It is divided into 100 pence. In the past pound sterling was backed by silver or gold. Today it is backed by the economy of the UK.

4 British-Pound-Sterling-banknotes

3) Omani Rial (1 rial = $2.60)

Omani rial is the official currency of Oman. Its currency code is OMR. It is sub-divided into 1,000 baisa. The Central Bank of Oman is the monetary authority of Oman. The bank has issued notes in the denominations of 20 rials, 50 rials, 10 rials, 5 rials, 1 rial, half rial and 100 baisa.

3 Omani-Rial

2) Bahraini dinar (1 dinar = $2.65)

Bahraini dinar was first introduced in 1965 in Bahrain. It is sub-divided into 1000 fils. The Central Bank of Bahrain has the monetary authority of Bahraini dinar. BHD is the currency code of this currency.

2 bahraini-dinar-notes
1) Kuwaiti dinar (1 dinar = $3.46)

Kuwaiti dinar is the currency of Kuwait. KWD is its currency code. It is the most valuable currency in the world. It is sub-divided into 1,000 fils. To date six series of the Kuwaiti dinar have been printed. The sixth series was announced on May 19, 2014.

1 Kuwaiti-dinar

 

 

 

 

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