Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. 1 decade ago. Kuwait is a country full of wealth created from the small petroleum-based economy as well as a leading position in the financial service for GCC countries.

In perfect competition, why is it good that Utility = 0, shouldn't Utility/Benefit be more than 0? It's not the USD but it's just ²nd in the highest money currency rate in the World. But it is not even a currency. Get answers by asking now. Their currency is pegged with British Sterling. Join Yahoo Answers and get 100 points today. Anonymous. It’s just that the living expense in this country is cheaper compared to the living expense in Europe and in the United States.
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It is considered the most valuable currency due to its stable value, as it’s not subjected to supply and demand. That's why when they introduce Kuwaiti dinar it is initially with the same value as British pound. The value of Kuwaiti Dinar — first issued in 1961, is 3.30 dollars. Actually, Kuwait currency does not value that much compared to Euros and US dollars. Some of the reasons why Kuwaiti Dinar has a high value: First of all, it is a fixed rate currency, so it maintains its high value without being directly affected by market supply/demand. Kuwait was a protectorate of United Kingdom before the second world war. This is mainly the reason why Kuwait currency is known to be so high.

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Kuwait was a protectorate of United Kingdom before the second world war. Does anyone know where I can cash an economic impact payment check? If you mean in economics an over or undervalued currency, you need the Big Mac Index. The Maltese lira.

In any case, the Bahraini dinar tends to be best-known to people outside of the region for being one of the most expensive national currencies that can be found out there. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 233.75 INR.

What new idea has behavioral economics brought to economics in the area of government policy making. Kuwaiti Dinar holds the reputation of being the strongest currency in the world.

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