Latest news with #JordanianDinar
Indian Express
26-04-2025
- Business
- Indian Express
Top 10 highest-valued currencies in the world in 2025
Top 10 Highest valued currency in the world in Rupees: The United Nations officially recognises 180 currencies used across 195 countries. While widespread use and popularity are common traits among many currencies, they don't always correlate with their value or strength. True currency strength lies in purchasing power: the quantity of goods, services, or foreign currency a single unit can secure. A range of local and global factors determine a currency's value, including supply and demand in foreign exchange markets, inflation rates, domestic economic performance, central bank policies, and the overall economic stability of the issuing country. This list highlights the world's 10 strongest currencies and explores the elements behind their impressive valuations. Rank Currency Symbol Value in INR Value in USD 1. Kuwaiti Dinar KWD 278.41 3.26 2. Bahraini Dinar BHD 226.43 2.65 3. Omani Rial OMR 221.65 2.60 4. Jordanian Dinar JOD 120.33 1.41 5. Gibraltar Pound GIP) 113.53 1.33 6. British Pound GBP 113.53 1.33 7. Cayman Islands Dollar KYD 102.49 1.20 8. Swiss Franc CHF 103.34 1.21 9. Euro EUR 97.01 1.14 10. United States Dollar USD 85.34 1.00 Note: The exchange rates are subject to change and the values are based on the recent exchange rates as per Google Finance. Kuwaiti Dinar (KWD) Kuwaiti Dinar (KWD) (Source: iStock) Introduced on April 1, 1961, the Kuwaiti Dinar (KWD) remains the most valuable currency globally. As Kuwait's official currency, the Dinar's strength stems from the country's massive oil wealth, economic stability, and tax-free environment. The KWD is particularly well-known among Indian expatriates, who closely monitor the INR to KWD exchange rate. Bahraini Dinar (BHD) Bahraini Dinar (BHD) (Source: Getty Images) The Bahraini Dinar (BHD), introduced on October 7, 1965, is Bahrain's official currency. The nation's oil-export-driven economy and the BHD's peg to the US Dollar have given it notable stability. A significant expatriate population, particularly from India, also supports the BHD's standing as the second most valuable currency in the world. Omani Rial (OMR) Omani Rial (OMR) (Source: Shutterstock) The Omani Rial (OMR) serves as the official currency of Oman. Before adopting the Rial, Oman used Indian rupee for its monetary needs. The country's substantial oil reserves play a crucial role in its economy, making the energy sector its primary driver. Pegged to the US Dollar, the Omani Rial holds its position as the third highest-valued currency globally. Jordanian Dinar (JOD) Jordanian Dinar (JOD) (Source: iStock) The Jordanian Dinar (JOD) became the official currency of Jordan when it replaced the Palestinian pound in 1950. Thanks to the country's stable fixed exchange rate system and a diversified economic structure, the Dinar has maintained a strong position on the global stage, ranking as the fourth highest-valued currency in the world. Gibraltar Pound (GIP) Gibraltar Pound (GIP) (Freepik) The Gibraltar Pound (GIP) serves as the official currency of Gibraltar. It maintains a fixed 1:1 exchange rate with the British Pound Sterling (GBP). As a British overseas territory, Gibraltar's economy relies heavily on industries such as tourism and e-gaming. The GIP ranks as the fifth strongest currency in the world. British Pound (GBP) British Pound (GBP) (iStock) The British Pound (GBP) is the official currency of Great Britain and is also widely circulated in several other regions and territories. Ranked as the sixth strongest currency in the world, the Pound holds a crucial role in international finance. Its value is bolstered by London's position as a leading global financial hub and by Britain's robust trade activities. Cayman Islands Dollar (KYD) Cayman Islands Dollar (KYD) (Freepik) The Cayman Islands Dollar (KYD) is the official currency of the Cayman Islands, introduced in 1972 after the territory transitioned from using the Jamaican Dollar. Despite ranking seventh in terms of the strongest currencies, it holds the fifth highest value globally. The Cayman Islands' financial prominence, driven by its status as a tax haven, helps maintain the high value of the KYD. Swiss Franc (CHF) Swiss Franc (CHF) (iStock) The Swiss Franc (CHF), introduced on May 7, 1850, is the official currency of Switzerland and Liechtenstein. Switzerland, renowned for its economic stability, is considered one of the wealthiest nations globally. The strength of the Swiss Franc reflects the country's robust financial system and its position as a major global economic player. Euro (EUR) Euro (EUR) (Shutterstock) The Euro (EUR), introduced on January 1, 1999, serves as the official currency for 20 member states of the European Union. It is the second-largest reserve currency globally and ranks as the second-most traded currency in the world. As one of the strongest currencies, the Euro secures its position in 9th place among the highest-valued currencies. United States Dollar (USD) United States Dollar (USD) (Shutterstock) The United States Dollar (USD) is the official currency of the United States and is also used by 11 other countries. As the most traded currency worldwide, the USD holds a dominant role as the primary reserve currency. However, despite its global significance and widespread use, it ranks 10th in terms of strength among the world's highest-valued currencies.
Jordan Times
08-03-2025
- Business
- Jordan Times
S&P maintains Jordan's long-term sovereign credit rating at BB- with stable outlook
AMMAN — Standard & Poor's (S&P) has maintained Jordan's long-term sovereign credit rating at BB, with a stable outlook. In its report, the agency pointed out that the decision to maintain the rating reflects its expectation that Jordan will be able to manage regional and global economic developments, in addition to the country's capacity to secure alternative financing sources, such as the International Monetary Fund (IMF), the World Bank, and the European Union. S&P global rating agency noted that the stable outlook for the Jordanian economy comes amid improvements resulting from fiscal and economic reforms and resilient economic growth. The leading credit ratings provider has also expected Jordan's economy to grow by 2.7 per cent in 2025, given regional developments, the recovery of the tourism sector, and a gradual increase in trade with Syria and Iraq. The agency expects growth to reach 3 per cent in the years 2026-2027. Regarding public finances, the agency expects the budget deficit to decrease to 2.3 per cent of GDP in 2025, compared to 2.8 per cent in 2024. It also anticipates that the debt-to-GDP ratio will gradually decrease in the coming years. As for monetary policy, the agency pointed out that the peg of the Jordanian Dinar to the US Dollar has contributed to price stability and contained inflation rates. The agency expects inflation to remain at acceptable levels in 2025, reaching 2.2 per cent. The agency also noted a decline in the current account deficit, which is expected to reach 4.5 per cent of GDP in 2024, the lowest level since 2019. Commenting on the S&P report, Minister of State for Economic Affairs Mohannad Shehadeh said that the government is committed to implementing a set of mega projects that will contribute to enhancing economic growth rates and increasing job opportunities, which will contribute to strengthening the macroeconomic environment and ensuring the sustainability of public finances, the Jordan News Agency, Petra, reported. Minister of Planning and International Cooperation Zeina Touqan said that the support Jordan receives from all international partners, along with the continued implementation of structural reforms, has helped bolster the resilience of the national economy and stabilise economic growth rates despite the ongoing developments in the region. Minister of Finance Abdul Hakim Shibli explained that the decision of Standard & Poor's to maintain Jordan's credit rating without change, after the agency upgraded Jordan's rating in its last review in September 2024, 'reflects the high level of trust in the national economy by international institutions despite recent regional security developments and global economic changes,' Petra reported. Governor of the Central Bank of Jordan (CBJ) Adel Sharkas indicated that the 'decision by Standard & Poor's to maintain the long-term sovereign credit rating of Jordan at BB- with a stable outlook, which comes at a time when the region and the world are witnessing many economic and geopolitical changes impacting global market performance, affirms the strength of Jordan's economic foundations and its ability to absorb challenges with high flexibility and efficiency.'
