Where does the world’s most expensive currency come from? What is its value and importance?

The most expensive currency in the world is the dinar in Kuwait. It was put into circulation in 1961 in place of the previously used Persian Gulf rupee. For a short time, when Iraq invaded Kuwait in 1990, it was in force with the Iraqi dinar. However, after the liberation, the Kuwaiti dinar was restored. The first series of new banknotes was printed in March 1991.

The Kuwaiti dinar is the currency with the highest value in the world – currently the exchange rate is about 14.50 PLN (the value of all currencies as of June 2022). One Kuwaiti dinar is divided into 1,000 fils. The following coins are in circulation: 5, 10, 20, 50, 100 fils and banknotes are in denominations: ¼, ½, 1, 5, 10 and 20 dinars. Other countries of the Arabian Peninsula are among the top countries with the most expensive currencies in the world. These are: Bahraini Dinar (11.88 PLN), Omani Rial (11.64 PLN) and Jordanian Dinar (6.32 PLN).

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