We have long been accustomed to the fact that all transactions denominated in foreign currencies are translated almost automatically in US dollars.And yet the dollar is not the most stable currency and not the most expensive on the world market.In relation to the Russian ruble, and as a whole in the global market leadership position it takes Kuwaiti dinar.
history of the country and the currency of Kuwait
Almost the entire state is only from the same city and the adjoining piece of desert.But local bill (RSD) is one of the leading positions in the world market.Dinara gladly accept banks not only in the Middle East but throughout the world.Dinard is resistant to economic storms and is considered a freely convertible currency.But it was not always.At the beginning of the 19th century, Great Britain has increased its influence in the Middle East.And at the end of the 19th century, Kuwait falls under the protectorate of Britain.It was only the beginning of the 60s of the twentieth century, Kuwait receives independence.Quite a long time as a currency in the Middle East used the Indian rupee.Closer to the time of independence, at the time of transition, has released a special Gulf rupee.Initially, the course it was equated with the Indian rupee.Even after Kuwait became independent in 1961, it appears as a currency dinar.Initially, the course it was equated to the British pound sterling.Even a little more than 10 years of Kuwaiti dinar to the dollar exchanged at a ratio of 1 to 3. Even now the course has changed little.At the beginning of the last decade of the twentieth century Kuwait was invaded by Iraq.Occupants are actively exported out of the country all the cash.In this regard, after the military operation the Kuwaiti government was forced to issue new banknotes.At the same time in the early 90s of the last century Kuwaiti dinar had such a high degree of protection, which after 20 years can not boast of many currencies of the world.
What is the most expensive currency in the world?
surprisingly enough to many denominations in the Kuwaiti banknotes.Thus, according to Kuwait are in use banknotes ½ and ¼ dinar.It should also be said that he is made up of thousands of dinars fils.Also, the country has circulated denomination in nominal value of 20, 10, 5 and 1 dinar.Kuwaiti Dinar (photo denominations represented in the article) looks quite unusual for European banknotes.So on the banknote 5 dinars on the obverse (front side) banknotes depict ancient millstones and Tower Mosque.And on the back of the plant is shown.The very pink bill, all denominations represented emblem of the State of Kuwait.Also, there are circulation coins of various denominations.Please note that the coins were not replaced during the monetary reform (the year of issue - until 1991).Imports as well as exports, the currency into the country unlimited.
What country is - and this currency
As mentioned earlier, the dinar is one of the world's most expensive bills.For example: the Kuwaiti dinar against the ruble in early February was exchanged at the rate of 223 rubles for one dinar.Value for the dollar remained virtually constant - one in three.Of course, at this level of the currency Kuwaiti - perhaps the richest in the Middle East.The country ranks 4th in the world in the number of millionaires per thousand natives.Also, in the recent past, Kuwait was recognized by the UN the best country to live in.
How not to fall into the trap?
If you are fated to have to go to the Middle East, should be cautious with the currency exchange on the Kuwaiti dinar.As already mentioned, at the end of the last century, during the invasion of the country, it was removed a huge amount of cash.Of course, in the Kuwait should not fear the change.All exchangers have posters of old and new banknotes.But when you're about to do it somewhere in a remote village, be very careful.Although there is a fairly simple option to distinguish between "real" dinar.It must be printed until 1992.
And if suddenly ...
planning a trip to Kuwait, you must know that there is practically not accept foreign currencies.Of course, there is a possibility that somewhere in the market you take the money on the basis of the course.But it is better to carry the Kuwaiti dinar.Exchange offices are almost all shops and banks.But even they should carefully examine the terms of the exchange, as many banks take a large percentage of even small amounts.Exchange offices are working on rather peculiar schedule.On Friday, they do not work on Thursday - just before noon.In the remaining days - from eight in the morning until noon, and then from four to eight hours.By the way, credit card holders can rest assured, those are accepted nearly everywhere.Leaving the country, do not rush to change the Kuwaiti dinar.To hack you still have time to return, exchange it does not take much in Moscow.But dinars to pay the airport tax is necessary.Everyone who is leaving Kuwait on the plane, is obliged to pay 2 dinars.
