10 Most Expensive Currencies of the world in 2015

<div dir="ltr" style="text-align: left;" trbidi="on"> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><b>The  world’s economy suffers from a dynamic moving over where one state enjoys a smooth GDP even though the other suffers it's best. What makes some sort of country expensive or cheap could be the value of it's currency and the simplest way to judge a currency’s worth is to compare it using the US dollar.</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">Here are 10 most expensive currencies of the world in 2015. Have a look!</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>10) Switzerland Franc</b></span></h2> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/franc.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="SWISS-SNB/FRANC" border="0" height="416" src="http://www.richincomeways.com/wp-content/uploads/2014/01/franc.jpg" title="SWISS-SNB/FRANC" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Switzerland</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Franc</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 franc against dollar: $1.03</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 franc against rupee: Rs.68.22</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 1,000</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">Historically, the Swiss franc has been considered as a safe-haven currency with virtually zero inflation and a legal requirement that a minimum of 40 per cent be backed by gold reserved.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The currency saw a sudden appreciation in 2011 as investors sought safety when Greek-sovereign debt crisis occurred. It further appreciated when European crisis continued and US, too, was witness economic turmoil.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">As the currency appreciation was looked as a threat to domestic business, Switzerland’s central bank intervened. At present, the bank has set a highest target for the currency and does not let it appreciate beyond that.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>9) Cayman Islands Dollar</b></span></h2> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/caymens.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="caymens" border="0" height="640" src="http://www.richincomeways.com/wp-content/uploads/2014/01/caymens.jpg" title="caymens" width="580" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Dollar</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dollar against dollar: $1.22</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dollar against rupee: Rs. 80.95</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 100</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. One Cayman Islands Dollar equals $1.21 US. The earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in 1972. On the islands, the US dollar is accepted as legal currency.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>8) Azerbaijan Manat</b></span></h2> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/azerbaijani-manat_thumb.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="azerbaijani-manat" border="0" height="376" src="http://www.richincomeways.com/wp-content/uploads/2014/01/azerbaijani-manat_thumb.jpg" title="azerbaijani-manat" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Azerbaijan</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Manat</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 euro against dollar: $0.95</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 euro against rupee: Rs.62.84</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 100</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">After gaining independence in 1991, Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank.The banking system of Azerbaijan consists of the Central Bank of Azerbaijan, commercial banks and non-banking credit organizations.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>7) European Union Euro</b></span></h2> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/european.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="european euro" border="0" height="452" src="http://www.richincomeways.com/wp-content/uploads/2014/01/european.jpg" title="european euro" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Countries in European Union</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Euro</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 euro against dollar: $1.33</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 euro against rupee: Rs.74.81</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 500</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The currency is the official currency of Eurozone that comprises of 17 countries. Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The currency is the second largest reserve currency as also the second most traded in the world.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The currency was introduced to world financial markets as an accounting currency in 1995.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>6) Jordanian Dinar</b></span></h2> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/50_Jordanian_Dinar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="50_Jordanian_Dinar" border="0" height="616" src="http://www.richincomeways.com/wp-content/uploads/2014/01/50_Jordanian_Dinar.jpg" title="50_Jordanian_Dinar" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Jordan</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Dinar</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against dollar: $1.41</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against rupee: Rs 93.69</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 50</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">From 1927 to 1950, the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">When Jordan became independent in 1946, the country wanted its own currency and Jordanian dinar became the kingdom’s official currency.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>5) UK Pound</b></span></h2> <div style="text-align: justify;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/uk-pound.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Pound" border="0" height="450" src="http://www.richincomeways.com/wp-content/uploads/2014/01/uk-pound.jpg" title="Pound" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>United Kingdom</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Pound</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 pound against dollar: $1.53</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 pound against rupee: Rs 101.88</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 100 (in Scotland and Northern Ireland) and 50 (in England and Wales)</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The pound sterling is the world’s oldest currency still in use and it is the fourth most traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">Sterling is also the third most held reserve currency in global reserves (about 4 per cent).</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>4) Latvian Euro</b></span></h2> <div style="text-align: justify;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/lativian-euro.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="lativian euro" border="0" height="640" src="http://www.richincomeways.com/wp-content/uploads/2014/01/lativian-euro.jpg" title="lativian euro" width="444" /></a></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Latvia</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Lats</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 lats against dollar: $1.61</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 lats against rupee: Rs 107.05</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 500</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">First introduced in 1922, lats were replaced with Soviet ruble when USSR occupied the country. After the country regained independence, the currency was reintroduced in 1993.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">In June 2013, European Union asses the Latvia and gave it the green light to introduce euro. Lats will no longer be the country’s currency from January 1, 2014, once euro is introduced.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>3) Omani Rial</b></span></h2> <div style="text-align: justify;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/omani-rial.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="omani rial" border="0" height="350" src="http://www.richincomeways.com/wp-content/uploads/2014/01/omani-rial.jpg" title="omani rial" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Oman</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Rial</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 rial against dollar: $2.60</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 rial against rupee: Rs.172.55</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 50</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">There was a time when India rupee was the main currency, along with Maria Theresa Thaler, circulating in Muscat and Oman. In 1940, however, the rial was made the currency of Oman.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>2) Bahrain Dinar</b></span></h2> <div style="text-align: justify;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/Bahraini-Dinar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Bahraini-Dinar" border="0" height="324" src="http://www.richincomeways.com/wp-content/uploads/2014/01/Bahraini-Dinar.jpg" title="Bahraini-Dinar" width="640" /></a></div> <div style="text-align: justify;"> <br /></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Bahrain</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Dinar</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against dollar: $2.65</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against rupee: Rs.175.89</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Highest banknote: 20</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">Bahrain introduced dinar in 1965 to replace the Gulf rupee. Initially one dinar was equivalent to 10 rupees. Before Malta adopted the euro, Bahrain’s dinar was the third highest-valued currency and is now the second.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <h2 style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>1) Kuwaiti Dinar</b></span></h2> <div style="text-align: justify;"> <br /></div> <div class="separator" style="clear: both; text-align: center;"> <a href="http://www.richincomeways.com/wp-content/uploads/2014/01/kuwaiti-dinar.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="kuwaiti dinar" border="0" height="640" src="http://www.richincomeways.com/wp-content/uploads/2014/01/kuwaiti-dinar.jpg" title="kuwaiti dinar" width="604" /></a></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Kuwait</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Currency: Dinar</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against dollar: $3.31</b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b><br /></b></span></div> <div style="text-align: justify;"> <span style="color: red; font-family: Georgia, Times New Roman, serif;"><b>Value of 1 dinar against rupee: Rs.219.90</b></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">Highest banknote: 20 Introduced in 1961 to replace Gulf rupee, it was equivalent of one pound sterling initially.</span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;"><br /></span></div> <div style="text-align: justify;"> <span style="font-family: Georgia, Times New Roman, serif;">The currency has seen it’s ups and downs. When Iraq invaded Kuwait in 1990, they replaced Kuwaiti dinar with Iraqi dinar. After liberation, the Kuwaiti dinar was restored.</span></div> </div>

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