By Admin 
Every country in the world has its own currency, but their prices are not the same. The currency of some countries is so weak that even one Indian Rupee means a lot there, while the currency of some countries is so strong that even the US dollar becomes small in front of it. One such currency is Kuwaiti Dinar (KWD), which is considered the most valuable currency in the world today.
According to the report of Vice.com, the price of one Kuwaiti dinar is Rs 288.72, which is equal to about 3.50 US dollars. According to this, if an Indian person goes to Kuwait and earns 350 dinars, then after coming to India his price becomes equal to 1 lakh 10 thousand. This difference shows how strong the currency of Kuwait is.
Why is the Kuwaiti Dinar so expensive?
Kuwait may be a small country in area, but its economy is very prosperous and stable. The strength of its currency is due to many reasons. Kuwait’s entire economic system is based on oil. The country’s income from oil exports runs into billions of dollars. The population here is very low and the per capita income is more than $35,000. Kuwait’s Kuwait Investment Authority (KIA) is a powerful wealth fund, which earns huge income from international investments. This country adopts fixed currency basket policy, due to which fluctuations in currencies like dollar have very little impact. Kuwait’s exports are many times greater than its imports, due to which the foreign exchange reserves remain strong.
Comparison of Indian Rupee and Kuwaiti Dinar
The currency of India, Indian Rupee (INR), is the currency of a developing economy. India’s large population, increasing trade deficit and dependence on imports keep its value limited. Despite this, the Indian rupee is one of the stable currencies of Asia. The Reserve Bank of India (RBI) keeps the country’s exchange rate and foreign exchange reserves balanced so that the rupee remains stable. India’s focus now is on self-reliance and increasing exports, so that the currency can become stronger in the future.
Also read: Bahrain Vs Indian Currency: If you earn Rs 500 by going to this Muslim country, you will become a millionaire after coming to India, the value of the currency will make you happy.