10. Cayman islands Dollar
1 KYD= US $1.22
With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, and mutual funds.
9. Jordanian Dinar
1 JOD = US $1.44
Jordan may lack water and crude oil but the Mideast kingdom has one thing going for it, a strong currency.
8. European Union Euro
1 Euro= 1.48 USD
Officially introduced in 1999, the multinational Euro didn’t begin changing hands until January 2001. After a rocky start, the Euro has gained on the dollar for years. The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar. The euro has the highest combined value of banknotes and coins in circulation in the world, having surpassed the US dollar.
7. Azerbaijani Manat
1 Manat = US $1.5
A former Soviet state embroiled in internal conflict after its independence from the Soviet Union, Azerbaijan’s future looks bright because of its large oil reserves and growing interaction with Western economies.
6. UK Pound Sterling
1 GBP = US $2.071
This holiday season, it seems now more than ever, citizens of the UK are taking advantage of their favorable exchange rate and coming to the US, where for them everything is half-off
5. Latvian Lats
1 LVL = US $2.142
The country, about the size of West Virginia, has entered the process to phase out the Lat in favor of the Euro, which is expected to be the official currency around 2012.
4. Omani Riyal
1 OMR = 2.62 USD
Oman, a country on the east coast of Africa, has the third highest-valued currency units in the world. With that pegged relationship holding firm, seems as though the Riyal’s fate remains tied to the fate of the dollar.
3. Bahraini Dinar
1 BHD= 2.68 USD
Bahrain industry relies on petroleum production and refining, as well as financial services and construction. A small island nation, approximately 3.5 times the size of Washington DC, Bahrain is geographically central in relation to its Persian Gulf neighbors. Its industry relies on petroleum production and refining, as well as financial services and construction
2. Maltese Lira
1 MTL= 3.50 USD
The small island country, which is approximately twice the size of Washington DC, is home to the second most valuable currency, but not for much longer.
1. Kuwaiti Dinar
The Kuwait currency is currently pegged to the dollar. 1 KWD = US $3.67
In an area slightly smaller than New Jersey, lies the home of the world’s most valuable currency. Kuwait has been involved in talks this year with five other Gulf Arab monarchies to form a single currency. The Kuwait currency is currently pegged to the dollar.
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