Most people across the globe believe that the British Pound Sterling is the strongest currency in the world. The truth of the matter is that it is not. There actually exist even stronger currencies than the British Pound Sterling. Below is a list of top 10 countries in the world with the strongest currencies in 2020/2021:
Kuwait is one small country with vast affluence, thanks to its high levels of oil export to the universal market. It is one of the richest countries in the world. It is a tax- free nation with very low unemployment rate. 1 KWD= 3.29 USD.
Located in the Persian Gulf Island, the Bahrain state’s largest source of revenue is the black gold exports. Its currency is known as the Bahrain Dinar. 1BHD= 2.66 USD.
Located on the Arabian Peninsula, Oman is one country that has one of the most developed economies in the world. Its currency is known as the Oman Rial. 1 OMR= 2.60 USD.
Despite the country not having a developed economy, this country makes it on this list. The currency used in Jordan is known as the Jordan Dinar. 1 JOD= 1.41 USD.
The currency used in Britain is known as the British Sterling Pound. 1 GBP= 1.32 USD.
6. Cayman Islands
The Cayman Islands has the best tax rate in the entire world. The currency used here is known as the Cayman Islands Dollar. 1 KYD= 1.22 USD.
The currency used in Euro is known as the European Euro. It is the official world currency in European countries. 1 EUR= 1.11 USD.
Switzerland is one of the richest countries in the world with a very stable economy. Its currency is known as the Swiss Franc and its bank note is the only one with a vertical view. 1 CHF= 1.01 USD.
9. United States of America
The currency used in the USA is the US Dollar, which happens to be the World Reserve currency. This means that it can be used to make payments anywhere in the world. 1 USD= 0.90 EUR.
The currency used in Canada is known as the Canadian Dollar (or Loonie), which happens to be the 5th largest reserve world currency. 1 CAD= 0.75 USD.