US Dollar ranks last in top 10 strongest currencies of the world

  • January 17, 2024

The Forbes report reveals that the Kuwaiti Dinar, introduced in 1960, is the strongest currency globally, despite the dominance of the US dollar. The Bahraini Dinar and Omani Rial are the second and third ranked currencies, respectively.

The report highlights that the popularity and use of a currency do not necessarily equate to its value or strength. The Kuwaiti Dinar’s economic stability, oil reserves, and tax-free system have led to high demand for the currency. Despite being the most widely traded global currency, the US dollar is tenth on the list. The Euro, the official currency of the Eurozone, is the second-most traded currency and holds the ninth spot.