Big and small currency units

As we have seen earlier in https://abn397.wordpress.com/2016/01/14/the-ding-and-the-dong/   ,the Vietnamese dong was the world’s least valuable currency but it was recently “superseded” by the Iranian rial.

There are numerous articles on the net about the most valuable and least valuable currencies. These are typical:

http://www.insidermonkey.com/blog/the-10-most-expensive-currency-in-the-world-337022/

http://www.insidermonkey.com/blog/the-14-least-valuable-currencies-in-the-world-346598/

As we see, the Kuwaiti Dinar (KWD) is undoubtedly the most valuable currency unit, while the Vietnamese Dong (VND) and Iranian Rial (IRR) bring up the rear.

Let us see what one KWD can get you (based on Yahoo Finance quotes on 19th Jan)

https://in.finance.yahoo.com/

2.31 British Pounds

3.00 Euros

3.28 US Dollars

3.28 Swiss Francs

4.71 Singapore Dollars

222 Indian Rupees

385 Japanese Yen

3,957 South Korean Won

(now into the stratosphere…..)

45,360 Indonesian Rupiah

73,508 Vietnamese Dong

98,954 Iranian Rial

(Full records are not available so it is difficult to say if a KWD has ever been above 100,000 IRR, but in the last few days it has traded above 99,500)

Anyway, if you want to feel like a millionaire or billionaire, you now know where to go. Mourn the passing of the Italian Lira which was had the lowest value among the major European currencies

 

 

 

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