What is the most expensive currency in the world ? - Mortrends

The Kuwaiti Dinar is the most expensive currency in the world
The Kuwaiti dinar is the most expensive currency in the world. The dinar exchange rate is about US $ 3.31. The Kuwaiti dinar has its global strength due to its support related to Kuwait's production of crude oil. Kuwait is one of the most important exporters of petroleum derivatives to most of the world. And the Kuwaiti dinar witnessed an impact on its exchange rate, especially in the sixties of the twentieth century AD, and then in the nineties with the outbreak of the Gulf War, but in 2013 the Kuwaiti currency witnessed a significant growth in the exchange rate, which has been classified as the most expensive currency in the world.

Kuwaiti Dinar Issues
The Kuwaiti dinar is subject to the currency trading law in Kuwait, which was adopted in the law of 1968, and contributed to the regulation of banking and the issuance of money by relying on the Central Bank of Kuwait; it is considered the only concessionaire to issue money, Since 1961, and the Special Currency Unit in the Kuwaiti Dinar to 1000 fils, and distributed Kuwaiti currency in six categories: a quarter of dinars, and a half dinars, and one dinar, five dinars, ten dinars, twenty dinars, and has been issued by the Kuwaiti dinar since its adoption officially This day the following publications:

The first issue 
The first issue of the Kuwaiti dinar, which was used to become the national currency of Kuwait, instead of the Indian rupee. This issuance was adopted on 1-4-1961, and then stopped dealing with it and lost its monetary value in 1982, Central Bank of Kuwait until 1992, divided into five categories: a quarter of dinars, half dinars, one dinar, five dinars, ten dinars.

The second issue
the second issue of the Kuwaiti dinar, which was applied according to two stages: the first phase was issued currencies of categories: a quarter of a dinar, a half dinars, and ten dinars on 17-11-1970m the second phase was issued currencies of categories: One, and five dinars on 20-4-1971 This transaction was discontinued in 1982, and the Central Bank stopped replacing it in 1992.

The third issue 
was issued by the Central Bank of Kuwait in 1980, and then the currency of twenty dinars in 1986 for trading officially in the Kuwaiti markets, was stopped dealing with these banknotes, and replaced by the Central Bank in 1991, during The outbreak of the Second Gulf War.

The fourth version 
is the version issued by the Central Bank of Kuwait, after stopping directly from dealing with the third issue, and was issued this issue in 1991, but stopped dealing in 1994, and lost its legal value as the official currency in 1995, Replaced in 2004.

The fifth version 
is the version that has been trading since 1994. It is characterized by a set of specifications and advanced technical features, which contribute to provide a high degree of security, and stopped printing and is no longer used since the year 2015, and is still replaceable through the Central Bank of Kuwait For a period of ten years; that is, until 2025.

The sixth edition 
is the current and official version in Kuwait. It was launched on 29-6-2014 and used in its design a collection of images that refer to culture and heritage in Kuwait. It also contains many forms, images, , And the central bank used its design in the quality of high-quality banknotes, divided into six categories of cash: one quarter dinars, half dinars, one dinar, five dinars, ten dinars, twenty dinars.

About Kuwait 
Kuwait is officially recognized as the State of Kuwait. It is an Arab country located in Asia. It is bordered by Iraq, Saudi Arabia and the Arabian Gulf and has a geographical area of ​​17,818 square kilometers. Kuwait has nine small islands. Information on Kuwait in the sectors of economy and population, in addition to geographical terrain: