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It is the most powerful currency in the world
If we talk about the strongest currency in the world, then it is the currency of Kuwait. The currency of Kuwait i.e. Kuwaiti Dinar is the most powerful currency in the world. If we look at the price of 1 dinar, it is equal to 269 Indian rupees at this time i.e. on 24 May 2023. This means that if you spend around 269 rupees, you will get 1 dinar.
That is why the Kuwaiti dinar is the most powerful currency
There is a particular reason why the Kuwaiti Dinar is the most powerful currency in the country of Kuwait. This is why oil reserves have been found in Kuwait. Kuwait exports this oil all over the world. Because of this, the Kuwaiti dinar has the highest value in the world.
Earlier, the Indian government used to issue the currency of Kuwait
You will be surprised to know that 70-80 years ago Indian government used to issue currency in Kuwait. Means RBI used to make the currency of Kuwait at one time and the name of that currency was Gulf Rupee. It was very similar in appearance to the Indian rupee. The peculiarity of this Gulf form was that it could not be used within India. However, Kuwait gained independence from British rule in 1961, after which Kuwait became the first Arab country to have an elected government in 1963.
Earlier 1 dinar was worth only 13 rupees
In the year 1960, the Kuwaiti government first introduced its first Kuwaiti currency to the world. At that time its value was 1 Kuwaiti dinar 13 rupees in terms of Indian rupee. In the year 1970, the exchange rate of the Kuwaiti dinar was fixed in the international market. However, the Kuwaiti dinar is still at a fixed rate.
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