When Iraq invaded Kuwait in , they replaced Kuwaiti dinar with Iraqi dinar. After liberation, the Kuwaiti dinar was restored.

Bahrain introduced dinar in to replace the Gulf rupee. Initially one dinar was equivalent to 10 rupees. There was a time when India rupee was the main currency, along with Maria Theresa Thaler, circulating in Muscat and Oman. In , however, the rial was made the currency of Oman. First introduced in , lats were replaced with Soviet ruble when USSR occupied the country.

After the country regained independence, the currency was reintroduced in In June , European Union asses the Latvia and gave it the green light to introduce euro.

10 Most Expensive Currencies of the world in | Rich Income Ways

Sterling is also the third most held reserve currency in global reserves about 4 per cent. From to , the Palestine Currency Board issued Palestine pound as the official currency in both Palestine and the Trans-Jordan Emirate, according to Wikipedia. The currency is the official currency of Eurozone that comprises of 17 countries.

Some these include Belgium, Finland, France, Germany, Greece, Italy, Netherlands, Portugal, and Spain. The currency is the second largest reserve currency as also the second most traded in the world.

The currency was introduced to world financial markets as an accounting currency in After gaining independence in , Azerbaijan became a member of the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, the Islamic Development Bank and the Asian Development Bank. The banking system of Azerbaijan consists of the Central Bank of Azerbaijan, commercial banks and non-banking credit organizations.

With no direct taxation, the islands thrive as an offshore financial center, with hundreds of banks, insurers and mutual funds. The earlier currency used in Cayman Islands was Jamaican dollar, which was replaced in On the islands, the US dollar is accepted as legal currency.

Historically, the Swiss franc has been considered as a safe-haven currency with virtually zero inflation and a legal requirement that a minimum of 40 per cent be backed by gold reserved.

The currency saw a sudden appreciation in as investors sought safety when Greek-sovereign debt crisis occurred. It further appreciated when European crisis continued and US, too, was witness economic turmoil. At present, the bank has set a highest target for the currency and does not let it appreciate beyond that.

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Top 10 Most Expensive Currencies in

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XE Currency Table: INR - Indian Rupee

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Top 10 Most Expensive Currencies in

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