US dollar ranks 10th in the world: See the list of top-10 currencies, rank of Indian rupee

Money is the most basic unit of an economy, being a medium of exchange for goods as well as a store of value. The strength of the currency also indicates the health of the economy. The stronger it is, the greater the confidence in the economy among investors. according to a forbes According to the report, Kuwaiti Dinar is the strongest currency in the world, while the US dollar is the 10th top currency.

Forbes has released a list of the world’s top 10 currencies, along with the factors that make them stronger.

U.S. Dollar

The currency at 10th place is US dollar: According to forbes According to the report, it is the most widely traded currency globally and holds the position as the primary reserve currency.

euro

9th strongest currency in the world according to forbes,is euro. It is the second largest reserve currency and second most traded currency worldwide.

Swiss Franc

The eighth strongest currency is the Swiss franc. It serves as the currency of Switzerland and Liechtenstein. Switzerland is known for its economic stability and is one of the wealthiest countries in the world.

cayman islands dollar

The Cayman Islands dollar is the 7th largest currency in the world. Its value is the 5th highest globally. Initially using the Jamaican dollar, the Cayman Islands adopted its own currency in 1972.

gibraltar pound

The Gibraltar pound, which is the currency of Gibraltar, is the sixth strongest currency in the world. Its value is equal to the British pound sterling. As a British overseas territory, Gibraltar relies on sectors such as tourism and e-gaming. forbes,

British Pound

Apart from Great Britain, the British pound is also widely used in other countries and regions. The pound holds an important place in global finance and is the 5th strongest currency in the world. London’s position as a financial center and Britain’s extensive trading activities contribute to the strength of the pound.

jordanian dinar

The Jordanian dinar is the fourth strongest in the world. It is used in the Middle Eastern country Jordan. According to forbesJordan’s fixed exchange rates and diversified economy have contributed to the high value of its currency.

Omani Rial

Omani Rial is one of the top-3 currencies in the world. It is in third place in terms of currency strength. According to forbesThe Omani Rial was introduced when the country stopped using the Indian Rupee as its official currency. As a country with significant oil reserves, Oman’s economy depends largely on the oil sector. The Omani Rial, which is pegged to the US dollar, is the world’s third most valuable currency.

bahrain dinar

The Bahraini Dinar (BHD) is the second strongest currency in the world. It is pegged to the US dollar and is especially used in Bahrain. According to forbesWith a strong expatriate community including a large number of Indians, the BHD ranks as the second strongest currency globally.

kuwaiti dinar

The Kuwaiti dinar is the world’s strongest currency, driven by Kuwait’s economic stability, its oil reserves and tax-free system. forbes, It was introduced in 1960.

Meanwhile, India ranked 15th with a listed value of 82.9 per US dollar, according to the exchange rate published on the International Monetary Fund (IMF) website on Wednesday.