I just found out that the most expensive currency in the world isn’t the pound or the euro, but the Kuwaiti dinar 😂. One unit can be exchanged for $3.26, which is way more than the pound sterling.

It makes sense, because Kuwait is a major oil exporter. Bahrain and Oman are similar too. All three countries have some of the world’s highest-valued currencies. Their economies are stable, and their current accounts run consistent surpluses. Even though the euro is the currency of 20 countries in Europe, its exchange rate is only about $1.13.

What’s interesting is that the most expensive currency doesn’t necessarily mean it’s the safest—you also need to look at the credibility of the country that issues that currency. So, it turns out that the most expensive currencies come from both oil exporters and economic superpowers. I wonder who holds all these different currencies.