Why is the Kuwaiti Dinar the Most Valuable Currency in the World?

Undoubtedly, many of us have wondered at least once where the Kuwaitis’ money comes from. These people, who spend money wildly in bazaars, markets and shopping malls, have the most valuable currency in the world. Gross national income per capita with $81,800 It is one of the countries with the highest income.

So, out of all the currencies, why do you think the Kuwaiti dinar is the most valuable? Actually, the answer to the question is not that difficult, the most important factor is of course oil reserves.

Before touching on oil reserves, let’s first talk about its economic stability.

Kuwait’s economy is unlike the economies of many countries on low inflation rates and solid economic fundamentals board. Its economic stability also gains the trust of foreign investors and therefore allows more foreign currency to enter the country. However, there is no dollar flow in Kuwait like in our country.

Kuwait provides this money flow with its own currency. In other words, not dollars to the country, but mostly own currency it is entering. In addition, the Central Bank of Kuwait, due to excessive money printing, of devaluation It prevents this by placing a limitation. This naturally explains why it is so valuable.

Kuwait is one of the world’s largest oil producers and sellers. It has approximately 10% of the world’s oil reserves.

Owning 10% of oil reserves is the same as owning 104 million barrels of crude oil. of the world all around The oil distributed naturally provides a high income to the country, and effective resource methods are at a level that would surpass many countries.

The state’s income about 80% It covers this with natural resources and allows it to buy the oil it sells only in its own currency. Of course, they don’t just have oil reserves; Apart from that, many rich resources lie under the country’s territory.

Apart from these resources, the world energy production and export, real estate sales and tourism It is a very important country in terms of

Today, the Central Bank of Kuwait continues to pursue financial policies that will support the Kuwaiti dinar.

Central Bank of Kuwait

of a local bank a senior employee He made a statement about this issue: “The KMB further supports its value by regulating the money supply to align with the country’s economic needs.”

Alright, “How many Turkish lira is 1 Kuwaiti Dinar?” If you ask, current rate as of now fully 90.13 TL!

We can summarize this issue as follows: Actually, this incident is more or less supply and demand related to the relationship. We can say that Kuwait has made a great strategic move in this regard. selling oil in its own currency It provides significant value to the country’s currency. Do not think that it is only this high in Turkish lira; Many currencies are stronger against the Kuwaiti dinar worthless.

1 Kuwaiti dinar is current rate aspect $3.23: