Why Kuwait has the World's Most Expensive Currency What if I asked you which is the world’s most expensive currency? Considering that there are only a handful of so-called major currencies in the world, your guesses would include the US Dollar, Euro, Pound, or even the Japanese Yen. However, the correct answer would be The Kuwaiti Dinar or the KWD(its denomination). Why is that the case? How did the Kuwaiti Dinar become so valuable that it has outperformed even the USD (which makes up 60% of the forex reserves in the central banks across the world even today's World’s Strongest Currency, but NOT the Richest Country: Why? : Explained Economics. Explore the fascinating economic story of Kuwait, a country with the world's highest currency valuation yet a GDP ranking that doesn't match and is surprisingly low. But why is this happening to Kuwait? Where are they failing? This video delves into the factors contributing to Kuwait's unique economic situation, including its heavy reliance on oil, political instability, and challenges in diversifying its economy. Discover why, despite its strong currency, Kuwait faces hurdles in achieving the economic success of its neighboring Gulf states and what the future might hold for this oil-rich nation.
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Why Kuwait has World's Most Expensive Currency
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