Top 10 Most Expensive Currencies in Indian Rupees

Among the currencies in the world, the Indian Rupee is used in other nations like Zimbabwe, Bhutan, and Nepal. Because of the wide usage of this currency, we have detailed the top 10 most expensive currencies in Indian rupees. That is the highest currency in the world that is stronger than the Indian Rupee currently.

If you want to find out about the economic situation of a country, you would rate the country’s GDP against the exchange rates of the country and some of the top ten highest currencies in the world. In the case of the Indian currency which is the Indian Rupees, the economic state of the currency is normally rated against the US Dollar.

India’s official currency is the Indian Rupee (INR) and is controlled and issued by the central banking institution of India which is the Reserve Bank of India (RBI). Though the Indian Rupee is not one of the most stable currencies in the world because of its exchange rates, it is not the weakest currency in the world. That is why we have detailed the top ten most expensive currencies in Indian rupees.

From the issuance and supply of the Indian rupee, the rupee is divided into 100 paise and the lowest denomination of the Rupee is 50 paise or a half rupee. The Indian currency had an inflation rate of 4.4% in 2017 as stated by the RBI in the Annual Inflation Report that the

Top 10 Most Expensive Currencies in Indian Rupees

Kuwaiti Dinar (KWD)

Exchange Rate: 1 KWD = 227.40942 INR

The official currency of Kuwait – the Kuwaiti Dinar is one of the top ten highest currencies in the world against the Indian Rupee. The Kuwaiti Dinar is also one of the highest-valued currencies in the world in terms of the exchange rate.

The exchange rate of one dinar is about 227.40942 Indian rupees, and when the Kuwaiti Dinar is compared to the United States Dollar, one USD equals 0.29963 KWD. The inflation rate of the Kuwaiti Dinar is 4.7% as estimated by the World Factbook.

The Kuwaiti Dinar is divided into 1,000 fils. The Central Bank of Kuwait is the Government body in Kuwait and they are responsible for the issuance and control of the Kuwaiti Dinar. The Kuwaiti currency has both coins (available in 1, 5, 10, 20, 50, and 100 fils) and banknotes ( 1⁄4, 1⁄2, 1, 5, 10, and 20 dinars)

Kuwait is the second richest in the Gulf Cooperation Council (GCC) of the Arab. Kuwait is also one of the richest countries in the world based on its GDP per capita. Asides from its rating against the Indian rupee, it is one of the best Currencies to invest in. The country’s economy majors on petroleum.

Bahraini Dinar (BHD)

Exchange Rate: 1 BHD = 183.50992 INR

The Bahraini dinar is the official currency of Bahrain and is the third most expensive currency in the Indian rupees. The Bahraini dinar is rated as the second most valued currency in the world based on the exchange rate.

Against the Indian rupee, one Bahraini dinar is equivalent to 183.50992 Indian rupees and when compared with the United States dollar, 1 USD = 0.376 BD. The Bahraini Dinar is one of the most expensive currencies in Indian Rupees divided into 1,000 fils available in both coins and banknotes by the nation’s monetary body which is the Central Bank of Bahrain.

Bahrain as a country is recognized by the World Bank as a country with a high-income economy. The nation is a member country of the United Nations, Gulf Cooperation Council, Organization of Islamic Cooperation, the Non-Aligned Movement, and Arab League.

70 percent of Bahrain’s economic turnover is accounted for by the country’s petroleum production. Finance, Aluminum production, and construction material also make substantial contributions to the nation’s economy.

Omani Rial (OMR)

Exchange Rate: 1 OMR = 179.45453 INR

The world’s third highest-valued currency and one of the most valuable currencies in the world is the Omani rial and the official currency of Oman. Rating the Indian rupee, one Omani rial is equivalent to 197.45453 Indian rupees; while the exchange rate of the Omani rial against the United States dollars is $1 = 0.384497 OMR.

Oman or the Sultanate of Oman is an Arab country with an economy diversified in petroleum production. The total Omani petroleum reserve is 5.5 billion barrels which is the 25th largest in the world.

The Omani rial is subdivided into 1000 baisa and is available in both coins and banknotes. The Central Bank of Oman issues and controls the finance of the country, while gauging the inflation rate of Omani rial at 4.1%.

Jordanian Dinar (JOD)

Exchange Rate: 1 JOD = 97.31979 INR

The Jordanian dinar is another one of the most expensive currencies in Indian rupees and is one of the most valued currencies in the world based on exchange rate. The Jordanian dinar was unofficial before 1950 and was used in the West Bank of Palestinian territories. Against the Indian Rupee, one Jordanian dinar is equivalent to 97.31979 INR, and against the United States dollar, $1 = 0.7 JOD.

Jordan is an Arab country in Western Asia with a high Human Development Index (HDI) and an upper-middle-income economy; though rated as the second poorest country in the world in terms of water resources. The monetary body in charge of the circulation and issuance of the Jordanian dinar is the Central Bank of Jordan. The Jordanian dinar is available both in coins and banknotes.

Pound Sterling (GBP)

Exchange Rate: 1 GBP = 91.21730 INR

This currency is one of the most expensive currencies in the Indian rupees with a Pound Sterling to Indian rupee exchange rate of 1 GBP = 91.21730 INR. The Pound Sterling is the official currency of many European countries like the United Kingdom, Jersey, Isle of Man, South Georgia, and the South Sandwich Islands, British Antarctic Territory, Guernsey, and Tristan da Cunha.

It is also the third most traded currency in the forex market behind the United States Dollar and Euro which are first and second respectively.

The Bank of England issues and controls the circulation of the pound sterling which is a currency available in both coins and banknotes. The Pound Sterling has an inflation rate of 2.1 %.

Euro (EUR)

Exchange Rate: 1 EUR = 77.69364 INR

The Euro is rated as one of the most expensive currencies in Indian rupees because of its exchange rate with the Indian Rupee which goes for 1 EUR = 77.69364 INR. Euro is one of the widely used currencies and is used in 19 of the 28-member states of the European Union.

The countries and zones which use this currency are known as the “Eurozone”. The euro is the second most traded currency in the forex market and also the second-largest currency after the United States dollar.

The currency is not only used in Europe, but Some special territories which are EU members also use the Euro though unofficially. Some of the Euro-using states include Montenegro, Kosovo, and Zimbabwe. European Central Bank issues and controls the circulation of the Euro. The Euro is available in both coins and banknotes and is subdivided into 100 cents.

Swiss Franc (CHF)

Exchange Rate: 1 CHF = 69.30012 INR

Currently, when the Swiss Franc is measured against the Indian rupee, 1 CHF = 69.30012 INR. The Swiss Franc is thus rated as one of the currencies stronger than the Indian rupee. The currency is used officially in Liechtenstein, Switzerland, and Campione d’Italia.

The Swiss National Bank issues the Swiss banknotes (With inscriptions in Latin for neutrality if its users) while the issuance of coins is done by the Swissmint.

US Dollar (USD)

Exchange Rate: 1 USD = 68.94439 INR

The United States dollar is the official currency of the United States of America. The currency is also in use in many other countries. The U.S. dollar is the world’s primary reserve currency and the most used currency in international transactions, issued by the Federal Reserve System.

This United States dollar is one of the topmost expensive currencies in the Indian rupees measuring 1 USD = 68.94439 INR.

Bermudian Dollar (BMD)

Exchange Rate: 1 BMD = 68.94439 INR

The British Overseas Territory of Bermuda makes use of the Bermudian dollar as its official currency. The Bermudian dollar is not used or traded outside Bermuda. The exchange rate of one Bermudian dollar against the United States Dollar is 1 BMD = 1 USD.

The US dollar is thus equivalent to the Indian rupee and one of the most expensive currencies in Indian rupees. The exchange rate of the Bermudian dollar to the Indian rupee is 1 BMD = 68.94439 INR.

Bahamian Dollar (BSD)

Exchange Rate: 1 BSD = 68.94439 INR

The official currency of the Bahamas, Turks, and Caicos Islands is the Bahamian dollar. They also use the United States Dollar and just like the Bermudian dollar, One Bahamian Dollar is exchanged for one US dollar. The current exchange rate of the Bahamian dollar to the Indian rupee is 1 BMD = 68.94439 INR; making the Bahamian Dollar one of the most expensive currencies in Indian rupees.

Conclusion

The above top 10 most expensive currencies into the Indian rupees consist majorly of Arabian Countries. The top four most expensive currencies in Indian rupees were Middle East Arabian countries while the rest were currencies used in the American and Europe zone. These zones show the economic assertions of India against these very wealthy countries.

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