Forbes List The Powerful Currencies In The World!

Wealth and power are co-related. Those who possess wealth can command power. While this is the case with the individuals, imagine the situation of nations. There are a few nations with massive economy and wealth. Their situation is such that they can dictate terms to other nations.

Such nations are seen as big players. When we talk about those countries, the United States flashes in our mind as it enjoys the Big Brother status among the world nations. But the rank its currency got came as a big surprise to everyone.

Global media company Forbes has come up with the rankings for the currencies. After considering various factors the top ten strong currencies in the world which are the highest-valued currencies were announced. Let us hav a look at them.

Top 10 Strongest Currencies in the World

1. Kuwaiti Dinar

2. Bahraini Dinar

3. Omani Rial

4. Jordanian Dinar

5. Gibraltar Pound

6. British Pound

7. Cayman Island Dollar

8. Swiss Franc

9. Euro

10. United States Dollar

The U.S. dollar USD is the most used currency in the world and it is also the most traded one. For any business transaction, US dollars are used. Despite this, the US currency is in the 10th position.

It is no wonder that the Kuwaiti currency is in the top position. The Middle East nation is blessed with one of the biggest oil reserves which accounts for 8 percent of the world reserves. Kuwait is the world’s third-largest oil producer. Oil is used by many nations and this is what helping the country. Despite the smaller population, Kuwait has one of the best Per-Capita incomes.

While giving the ranks to the currencies, Forbes considered various aspects like the financial situation of the countries, the policies of the banks, and others. The list is for the month and it might change later.