Many people must be familiar with the world's five major payment currencies, generally referring to the International Monetary Fund (IMF) Special Drawing Rights (SDR) currency. Among the top five payment currencies, the renminbi accounted for 10.92% of the weight in the new SDR basket, ranking third; The US dollar, the euro, the Japanese yen and the British pound are weighted by 41.73%, 30.93%, 8.33% and 8.09% respectively, ranking first, second, fourth and fifth respectively. However, although the five major payment currencies are the five most recognized currencies, they are not the five most valuable, so what are the five most valuable currencies in the world?
Kuwaiti Dinar
When it comes to Kuwait, many people may not have heard of it, but this country is one of the world's richest people; Qatar, the place where the World Cup was held, set a new record for World Cup spending with $220 billion, even more than the sum of the remaining seven sessions since 1994, which shows the wealth of the Middle East; Kuwait is also one of the richest people in the Middle East, and Iraq even launched the Gulf War in order to seize Kuwait in the 90s, and Kuwait's wealth can be seen.
Kuwait's legal tender, the dinar, is also currently the most valuable currency in the world. Kuwait has two forms of currency, coins and banknotes, with the largest denomination being the 20 dinar banknote. According to the latest exchange rate, 1 Kuwaiti dinar is equivalent to about 23 yuan, which is more than three times the US dollar, and the world's first most valuable currency is worthy of its name.
Bahraini Dinar
Bahrain, also one of the Middle Eastern tycoons, is located next to Qatar, but unlike other Middle Eastern countries, Bahrain's current domestic economy does not rely on oil, and it has long paid attention to economic diversification, actively carried out industrial restructuring and expanded opening up. At present, Bahrain's aluminum industry is more developed, aluminum products are an important export product of Bahrain, in addition to financial and tourism is relatively developed, Bahrain is also recognized by the World Bank as a high-income economy. Bahrain's highest currency, like Kuwait, is 20 dollars, also known as the dinar.
According to today's exchange rate, 1 Bahraini dinar is about 18.7 yuan, which is more than twice the US dollar.
Omani Rial
The first and second are the local tyrants of the Middle East, and it is no surprise that the third is still a Middle Eastern country. Oman is also located in the Persian Gulf, across the sea from Qatar, Bahrain and Kuwait. Although Oman is not as wealthy as the previous two, it is also one of the higher-income countries in the world. The rial, the currency of Oman, currently has a maximum face value of 50 yuan, and at the current exchange rate, 1 OMR is equivalent to 18.3 yuan, which is equivalent to the Bahraini dinar.
Jordanian Dinar
As soon as you see the three words of dinar, you know that it is not simple; Obviously, Jordan belongs to the same Middle Eastern system, but because of the perennial war, Jordan is not rich. Although Jordan's economy is not developed, Jordan's banking industry is very developed, so the Jordanian dinar is still very valuable, currently 1 Jordanian dinar is equivalent to 9.93 yuan, compared with the US dollar, or Jordanian dinar is more valuable.
Caymanian dollar
The Cayman Islands is a British overseas possession in the Western Caribbean of the Americas, consisting of three islands: Grand Cayman, Little Cayman and Cayman Brac. The Cayman Islands is the world's fourth largest offshore financial centre, known as a "tax haven", and is also a world-famous diving destination and tourist resort. Finance and tourism are its main sources of income. At the current exchange rate, 1 pound sterling is equivalent to 8.6 yuan, which is the only currency in the top five that is not a currency in the Middle East.
summary
Although the above five major currencies are quite valuable, but their circulation field is not extensive, basically concentrated in their own country or region, there is no international recognition, far less than the top five payment currencies, from a realistic point of view, or the top five payment currencies are more powerful, but also the only five world-recognized currencies.