Most of us, planning or implementingshopping in stores or on the Internet, see the price of goods specified in the national currency. The cost of production is a definite indicator indicating our capabilities, the ability of a person’s income to satisfy his vital needs. This article will discuss the most expensive currencies.
Purchasing power and cost of monetary units
Every currency in the world is characterized by suchindicator as purchasing power. In other words, any currency unit also has its price. In some cases, the value of a product or service may be indicated in different currencies. And the difference in price characterizes the exchange rate ratio of these monetary units. What is the most expensive currency?
Today in the world there are about a hundredeighty varieties of monetary units. What is the most expensive currency in the world, and what money is valued more than others, we will look further. A visual representation of the price of banknotes will give a comparative analysis of their value as of November 2014.
The most expensive currency in the world is Kuwaitidinar. It is followed by the Bahrain dinar, followed by the Omani rial and the Latvian lat. And only in fifth place we see one of the main reserve currencies in the world - the British pound sterling. Next, you will learn what are the objective reasons for the existence of such a "table of ranks", as well as get acquainted with a detailed description of the most expensive currencies in the world.
Kuwaiti and Bahraini dinars
For a long time, the undisputed leader among currenciesat cost is Kuwaiti dinar. What is his course? The most expensive currency against the ruble is quoted at 194 Russian rubles per dinar. This situation is not surprising and is standard for the value of monetary units of oil-producing countries, a significant part of whose income is the export of "black gold". It is the currencies of these states that occupy leading positions in the rating of the value of currency.
Kuwaiti Dinar was introduced in 1961 and came onIndian rupee shift. For almost all its history, this currency was pegged to the US dollar. But in 2007, the leadership of Kuwait, it was decided to stop this practice. And for more than ten years, the dinar is tied to a multi-currency basket. However, such measures are not strongly reflected in the course of the dinar, and he still confidently leads the list of the most expensive monetary units. What are the most expensive currencies against the ruble?
Of these, the Bahrain dinar should be highlighted.This country is also rich in oil, so the emergence of its own strong and stable currency was a matter of time. Although in the middle of the last century, Indian rupee was used in Bahrain. But this monetary unit was not distinguished by reliability neither then nor now.
Initially there were plans to start makingown rupees, but this idea was quickly abandoned, and in 1965 a local dinar was launched. In addition, until 1973, this currency was used in the United Arab Emirates. Since 1987, the Bahraini dinar has been pegged to the US dollar. Since then, the course of this currency has been steadily increasing.
Oman Real
The Omani real is included in the TOP of the most expensive currencies.This monetary unit was put into circulation in 1974 and replaced the Saidian real. Curious is the fact that in many Arab countries the main currency is divided not into 100, but into 1000 shares. In the case of the Omani real, such a small unit is the base. Taking into account this peculiarity of Arab money, it is not surprising that in circulation one can meet banknotes in denominations of 100 or even 200 bytes. It should be noted that the bills of this currency are decorated using both Arabic and English.
Latvian lat
One of the most expensive currencies is Latvian lat.He was in circulation already in the 20s - 40s of the XX century. But after joining the USSR, for obvious reasons, ceased to exist. The issue of returning the lats as the official currency became relevant after Latvia gained independence. Since 1993, this currency has become the main one in this Baltic country.
It is very strange to see the currency not endowedspecial natural resources of the state in the list of the most expensive in the world. Nevertheless, it should be stated that the Latvian lat belongs to the "heavyweights" monetary units, and until Latvia joined the Eurozone in 2014, it was even more expensive than the British pound sterling.
GBP
The currency of the United Kingdom hasthe longest, interesting and significant for the whole world history. In the 18th and 19th centuries, the pound sterling was used by many states to create their foreign exchange reserves. At that time, the English currency was the leader and clearly dominated over other currencies of the world. Pound sterling began to lose its position only after the end of the Second World War and the collapse of the British Empire.
Then the American dollar entered the world stage,which became the main reserve currency of the world. The pound sterling has lost its leading position, but still remains stable, popular and one of the most expensive currencies. In addition, after the US dollar and the euro, it is the third largest and largest reserve currency of the world.
Euro
The emergence of the euro was the result of the implementationa truly ambitious project to create a European Union and the introduction of a common European currency. It took quite a bit of time after the appearance of currency in circulation, as the euro ranked second in the list of world reserve currencies. This fact is connected, among other things, with the withdrawal from circulation of the French franc and the German mark. In other words, the share of these currencies in the reserve portfolios took exactly the euro.
Currently, the total populationcountries that use the single European currency as a monetary unit amount to about 320 million people. A significant increase in the geography of the use of the euro is due, among other things, to the expansion of the European Union, which has been actively implemented in the last 20 years. As you know, in recent years, several Eastern European countries have joined this geopolitical association of states.
In addition, the amount of euro cash in circulationexceeds even that of the US dollar. And in spite of the fact that while the euro cannot win the title of the most expensive currency in the world due to the low growth rates of the European economy, it occupies a worthy place in the top ten of the rating by right.
Jordan dinah
The list of the most expensive currencies is present andThe currency of Jordan, which appeared in circulation in 1949. At the moment, it occupies the honorable seventh place in the ranking. The paper notes of the dina depict local royals. The inscriptions on the banknotes are made in two languages: Arabic and English.
Other high value currencies
Its worthy place in the list of the most expensive currenciesthe world is Azerbaijani manat. Azerbaijan is also one of the major exporters of oil. In addition, in the country over the past two decades, there were two denominations of the national currency. A curious circumstance can be called the fact that the design of banknotes was developed by Roberto Kalino. He also participated in the creation of the euro.
For a long time, Ghana did not have its own nationalcurrency. The banknotes of other countries imported into the country were used as a settlement instrument. This practice is not out of the ordinary and has often been used not only in Ghana. But with the development of the tourism business, the issue of launching own money into circulation has become topical.
In 1958, as the national currency beganuse the Ghanaian pound, and in 1965 he was replaced by a cedi. Meanwhile, it should be emphasized that the high position in the ranking of the most expensive currencies in the world of this monetary unit is primarily due to the denomination held in 2007. During this operation, Cedi immediately lost four zeros on her banknotes.
