Highest Currency In The World Against The Indian Rupee

Highest Currency In The World Against The Indian Rupee

The highest currency against the Indian rupee is the Kuwait Dinar. Here is a look at the exchange rate between the Indian Rupee and the highest currency against the Indian Rupee, the Kuwait Dinar:

Current Exchange Rates

1 Kuwaiti Dinar (KWD) = $3.29 USD                          1 Indian Rupee (INR)  = 0.013 USD

 1 KWD = 245.63 INR

Below, we will discuss in more detail about how the  Indian Rupee holds up against the Kuwaiti Dinar, the highest currency in the world.

The Kuwaiti Dinar vs The Indian Rupee

The Kuwaiti Dinar is the official currency of Kuwaiti, a country located in West Asia.

The Kuwaiti Dinar was introduced in the early 1960s and rose to precedence as a result of the immense wealth that inexists within Kuwaiti.

A large part of this wealth and strength originates from the country’s rich oil deposits which are essential to every country around the world.

kuwait dinar vs indian rupee

Because of these rich oil deposits, the country is able to lower production costs and maximize their profit to sell to other countries. That monopoly is what gives the Kuwaiti Dinar its strength.

The Kuwaiti Dinar used predominately within the Kuwaiti but compared to many other countries whose currency is more unstable, the Kuwaiti dinar seems to only grow stronger in value.

The Indian Rupee, however, one of the oldest currencies in the world, was introduced in the 1500s but is more unstable in value likely due to differences in economics in both countries.

Compared to the Kuwaiti, India relies on the importing of certain goods and isn’t sitting on top of valuable resources like oil.

kuwait dinar

The Rupee also has a lot of issues surrounding counterfeit currencies due to India being more cash-based.

This often results in the Reserve Bank of India needs to update their notes regularly throughout the years. This is a detriment to the value of the Rupee.

The Reserve Bank of India’s defensiveness of the currency is also another factor that causes unintentional declines, further hurting the economy especially their export industry.


What Factors Put The Kuwaiti Dinar Above The Rupee?

  • Monopoly mainly due to the large oil reserves that Kuwaiti sits on,
  • Has stability within the stock market due to the possibility of purchasing more shares per dinar.
  • The stability of the Kuwaiti Dinar is widely known as a tax-free state on personal income as well as one of the lowest unemployment rates because of how much power the currency holds.
  • Their money will extend further during business ventures increasing their country’s value as well as allowing diverse business projects encouraged by their free trade zone.
  • It allows easy business startup as the cost is lower.


Why Is The Indian Rupee Important To Everyone?

Despite the lower value of the Rupee currency, it still plays a significant role within the stock market and as well as the yearly economics of multiple countries.

This is in part due to the population resources that India provides to other countries.

For instance, there are estimated to be around 400,000 international Indian students studying in the USA and UK alone.

Reportedly, the Reserve Bank of India (RBI) spends approximately $2.8 billion on its students’ housing and tuition and the falling of the Rupee versus the exchange rate would make it difficult to continue financing this.

Why Is The Indian Rupee Important To Everyone

Why would this be a problem you ask? Well, according to the New York Times, Indian students make up about 20% of medical graduates in the US alone.

This becomes a problem when there is already such a shortage of health care providers within countries with such a high population.

As a result, more countries are relying on international students to balance this situation which would be further worsened by the Rupee falling.

Not only is that an issue internationally but internally as well because many medical graduates would usually return to India to provide their own healthcare services.

This situation will not only weaken the healthcare system but further hit employment rates.


Advantages of Rupee Depreciation

  • There would be an increase in supply and demand, therefore creating more jobs in the export sector.
  • The increased supply and demand
  • The fall in value against a larger currency would extend the foreign investor’s pocket.
  • The cost of importing goods from India to other countries would benefit foreign buyers due to being cheaper.
  • The local industry could thrive as a result of travel to India become cheaper.
  • The cost of exchanging currency to rupee would be cheaper and benefit foreign nationals who provided support to relatives.
  • Foreign Indian companies would be able to expand and create a further reach.

Disadvantages of Rupee Depreciation

  • The depreciation of Indian rupees would cause inflation on importing goods such as oil where India is dependent on other countries for trade.
  • International students would struggle to afford tuition fees against currencies of larger value such as the USD and GBP.
  • A shortage of medical providers due to Indians making up a large amount of medical practitioners countries that already have healthcare provider shortage.
  • Affect businesses that have taken out international loans.
  • The cost of living may increase for locals but the living wage may not.
  • The decreased value of the Rupee would cause collapse within the Indian economy as the cost of living for its people is not getting any lower either.
  • The cost of expenses for foreigners may be inflated in order for locals to recoup the deflation of the rupee
  • The exportation of goods from India such as fruits and clothing to other countries may become inflated.


The Kuwaiti Dinar vs Indian Rupee In Present Day

The Kuwaiti Dinar is unlikely to see much change due to the hold that the country has on oil resources unless it dries up.

This is because oil is one of the most important necessities for fuel production for e.g. petroleum.

The rupee, however, does not have that luxury as they rely predominately on importing expensive goods such as oil.

With the Rupee also worth much less, it creates a negative interest deficit causing India to be one of the highest debtor nations.


What About Bitcoin?

I know you are probably thinking, why is the dinar the highest currency in the world against the Indian rupee? Isn’t the value of a single Bitcoin now worth 7k USD?” Yes. In fact, there are some other high value cryptocurrencies as well.

However, despite being acknowledged by many banking institutions, it does not have a stable value and can’t be seen as a true currency.



Despite all the negatives that come with the Rupee, India’s service ingenuity and agriculture keep the currency on the map. It probably won’t ever take the Kuwaiti Dinar’s place but it still has a lot to offer.

The Dinar, however, seems to be an unstoppable force due to the worldwide reliance on oil production and to be honest, it is unlikely to fall too far out of favor.

Is The Yen Stronger Than The Dollar?

Is The Yen Stronger Than The Dollar

The answer to that question is no. The yen is not stronger than the dollar. Currently, the dollar equals about 109 yen. However, both currencies are among the highest currencies in the world! It is complicated to follow as both of these currencies aren’t as straightforward to the average person looking in. If you aren’t inexperienced with the competition of goods, it will definitely seem confusing. However, when we break down their strategies, you will see what makes them not so different after all.

Exchange Rate: 1 USD/Dollars($) = 109 JPY/Yen (¥)


The Strength Of The Yen

The history of the yen compared to other currencies has always interesting because, despite Japan’s booming economy, the yen has never really been considered within the list of top 10 currencies – this top 15 currencies in the world infographic confirms this.

This is confusing as the general rule usually states that the better a country’s economy is, the more weight its currency holds. So why is it weaker when compared to the USD despite being the third most used currencies in the world?

the japanese yen

Japan has been known to intentionally use the lowest form of its currency to devalue it to boost its economy; useful in its export industry. This was due to the abolishment of the Bretton Woods system which had been used to stabilize currencies; well as the depreciation of silver in 1973.

This meant that the Yen became a free-floating currency (flexible to exchange rates) and became undervalued.  The devaluing of silver and Japan’s adoption of the gold standard caused the Yen to lose its value because of the dependence on silver.

Today Japan’s ‘Dirty Float’ strategy (manipulation of interest rate) does allow Japan to lower its exportation costs so that their goods can be purchased for cheaper by other countries. It is an advantage that increases its supply and demand chain in places like the car industry by allowing more competition.

A conversion strategy enables a better exchange rate in other currencies and will increase the number of goods that can be bought by a country.

It does not increase the cost per unit of goods but more can be bought at once turning over a quicker profit. The attractiveness lies within the low costs to borrow and buy for foreign investors.

This strategy also worked well with certain larger companies moving their production factories overseas.

It has helped to turn over larger profits for some but isn’t always the right move for smaller business owners. It is worthy to note that this method doesn’t always stimulate competitiveness either.


The Yen and Zero-Interest Rates

Some financial analysts argued that Japan’s zero interest rates contributed to the 2007-08 recession. This left a bad taste in the mouth as many people believe that this business strategy made investors more risky than normal. The consequences left a lot of investors empty-handed because their assets become worthless.

This is also not the first time that the yen has suffered. It has faced major setbacks through the last 80 years. The most disastrous saw the yen hit rock-bottom at 357 ¥ = $1 as a result of war-time over-spending then again during the Fukushima crisis.

Fortunately, Fukushima did not cause it to stray too far from 124 ¥ = $1. The yen is still trying to make a comeback but there is uncertainty if the exchange rate will ever make that all-time high of 76 ¥ = $1. It is still quite important to note that any doubts within Asia or the market will push the Yen higher against the US dollar as well. The Yen’s advantage is also applicable to situations when the markets crash.


The Strength of the US Dollar

The US dollar is a very popular currency all around the world, leaving many people to believe it is the strongest currency in the world. However, the highest currency in the work is actually the Kuwait Dinar.

While the US dollar isn’t the highest currency in the world, it has consistently, always placed very high up.

To outsiders, it may seem like it, however, that’s a matter of perception, strategy and politics due to the United States military power and hold on its nuclear weapons.

This perception was in part due to the US government promoting the currency which allowed the dollar to maintain its prestige within the market.

According to the BBC, 80% of trade talks take place in the United States which gives them more backing in the exportation industry.

As a result, many exporters feel that the dollar is safer with fewer liabilities. In fact, some of the major resources such as oil and bonds are purchased using dollars further strengthening its value.

the us dollar

Another factor behind the dollar’s strength is that often-times when foreign investors make purchases of US goods, the exchange is made in dollars.

The act of selling the foreign investor’s currency to purchase dollars is what increases its supply and demand.

This is quite interesting as according to the International Monetary Fund, the US is what’s known as a debtor nation.

A country whose debt surpasses its investments and creates a negative net investment. This happens by relying on other countries such as China or Germany, for goods.

Other countries that fall under this umbrella include; Greece and Brazil due to the importing more than they export.

In fact, according to Investopedia, the US is the largest debtor nation with a deficit of $61 billion and a debt of $9.5 trillion.

However, it doesn’t necessarily mean that all debtors have equal economies as the US still has strength in other industries other than export.


The Importance Of The USD/JPY Forex Pairings

The USd and JPY are two fo the most traded currencies in the world and so they are often paired.

The USD and JPY are one of the most used currency pairings second to the USD/EUR and are seen as reserve currencies.

This means that they are held in large quantities in foreign banks which increases buying power with fewer exchange rate risks.

yen vs dollar strength

The Yen specifically is referred to as a measure of market tolerance to gauge the volatility of the market and Asian economy due to Japan’s reputation as on being one of the world’s top investors.

The importance of this pairing’s strength lies within the trend it follows due to the Yen playing such a major role in investments and fundings.

An instance of this is that whenever positive trades occur between the US and China, the Yen will rise against the dollar.

However, if the trades fall through, the USD and Yen will fall.



There are many factors that affect the value of a currency. The truth is that the strength of the yen is quite contradictory when it comes to the hold on the economy in general. Just as the US dollars, the value is dependent on smart strategies similar to that of the Yen.

This proves that currency is not simply about figures but politics perception. It proves that neither currencies are infallible to changes in politics or wars but countries can use numerous strategies to give their currencies leverage within the market.

What Is The Difference Between A Banknote And Currency Note

BankNote vs Currency Note

Quick Answer: What is the difference between banknotes and currency notes? Well a banknote is a type of negotiable instrument or legal tender known as a promissory note. These notes are made by a bank and guaranteed by Central Government. A currency note on the other hand is still printed paper or bills but it is directly issued by a country’s monetary authority.


Background: History of Currency and Banknotes

In the earlier days, a currency was synonymous with using valuable commodities such as gold and silver to pay for goods and services.

This partially existed in the form of gold and silver certificates; where a specified amount on the certificates represented physical currency.

What Is A Banknote?

What Is A Currency Note?

After many changes, however, they were replaced with newer currency notes and coins. Even the highest currency in the world – the dinar uses coins as well.

However, there are still many pros and cons to using paper currency. Today, most of the highest traded currencies in the world use banknotes and currency notes.


So What Is The Difference Between A Banknote And Currency Note?

The key difference between them is that a banknote is a promissory note produced and authorized by a bank.

In certain countries, banknotes could be subdivided national and federal banknotes. A currency note, on the other hand, was directly produced and issued by that country’s monetary authority.

What is the difference between bank note and currency notes

In countries like the United States, there exists only one time of note and that is the currency note due to federal banknotes falling out of favour.

Many of us probably hadn’t realized that there is a difference between banknotes and currency notes.

This is simply because people still use the term ‘banknotes’, to denote paper money since a bank is where they would withdraw that money. Interestingly, they still served a similar purpose!


Types of Banknotes

We mentioned federal notes in the USA before. But what are federal notes and are there other types of banknotes?

National Banknotes

National banknotes were used before currency notes were introduced in 1863 to be made payable to the bearer.

These could exchange ownership for the purchase use of goods and services.

They were also capable of being purchased internationally or locally just as other currencies with exchange rates.

At one time, people were able to use them alongside gold and silver certificates where a specified amount on the certificates represented US dollars.

what is a bank note

The Federal Banknotes

Federal banknotes were introduced in 11th century China but rose in the US market in accordance with the Federal Reserve Act 1913. This was due to worries of the contractions within the fluctuating market but was removed in 1971.

Interestingly enough, despite these still existing in circulation, they are no longer considered a currency but instead promissory banknotes.

Their current purpose is now similar to that of a bank certificate which still holds value and can be used as a deposit or bond.

In other countries like the UK, banknotes are still legal tenders and only have certain denominations starting from £5, £10, £20 and £50. There exist no in-betweens but that can be facilitated using coins or other banknotes.


Types of Currency Notes

Present-day, currency notes are used as legal tenders issued by the government, in good faith. It may seem contradictory and confusing but the current dollar currency of the United States is now known as Federal Reserve notes NOT Federal Reserve banknote.

what is a currencynote

This was a move of using a fiat currency instead of a commodity-backed currency. This is a newer currency that is backed by a government’s decree and is now used worldwide especially in Europe. While the money is actually worthless, their values are now maintained by that country’s economic status, military power and exportation reserves such as oil. Ironically, those examples blur the lines slightly but now the economy is much more stable. Other examples of such currencies include; the Euro, Yen, Pounds, Swiss franc, etc.


Circulation of Banknotes and Currency Notes

Currency notes can also be controlled via circulation by who has the relevant authority to distribute certain notes. For Instance, the Indian Rupee (₹INR) is distributed by the Reserve Bank of India in sets of ₹2, ₹5, ₹10, ₹20, ₹50 and ₹100.

Only the monetary authorities can issue ₹1 notes. Other differences of the Rupee include their currency notes carrying the signature of the secretary of finance while the banknotes carry the governor’s signature.

In countries such as the United Kingdom, the government tends to issue limited-edition notes such as the AA serial line or the Jane Austen £5 notes which are estimated to be worth £50,000. Currencies that will be taken from circulation are also given a grace period to use up or exchange within banks for newer currencies.

Some collectors, however, like to retain those notes as memorabilia which can then be resold due to value increase. Apparently, there are over £1.8 billion old banknotes still missing after their final usage date in just the UK alone.

In Singapore, a whole set of Orchid Series, issued from 1967-1976 ($25, $50, $100, $500, $1,000) can be exchanged for $2,900. That’s an increase of over 70%! This seems to drive competition and is seen as a form of liquid investment to some due to worldwide interest because the value keeps increasing.

Some countries still allow old banknotes to be exchanged despite age as they never depreciate. According to the Money Saving Expert, there are over £1.8 billion old banknotes still missing past their final usage date.

They cannot be physically spent in normal stores but can be returned to the country’s national bank or post office where new currency will be issued to you. The process isn’t extremely strict but they will require your ID and bank account. Optionally you can post to the Department of Nex who will deposit it into your bank account.


Purchasing Banknotes

In order to still acquire new banknotes or ones out of circulation, you can simply contact your local bank to place an order or go to the bank and from their immediate stock.

Usually, if you go in person, you will receive a face value currency (the actual value on the note or coin).

However, if you purchase banknotes online via online auctions or services, you will receive a collectible value (unique value) which is higher than a face value currency.

This could due to the currency’s age, rarity, condition, materials, etc.


Distribution of Banknotes and Currency Notes

Currency notes and banknotes are also controlled via circulation on who has the relevant authority to distribute notes.

For Instance, in India, the Indian Rupees (INR) are distributed by the Reserve Bank of India in sets of 2, 5, 10 and 20, 50, 100 while the monetary authorities can issue 1 INR currency notes.

Other differences also include certain currency notes carrying the signature of the secretary of finance while the banknotes carry the governor’s signature in countries like India.


Physical Currency And The Rise of Digital Currency

With the rise of digital currency such as crypto, paper money is being used less and less.  This is because there are many advantages to physical currency. Here are a few:
● As a result of advanced printing, paper money can be counterfeited much easier and depreciating the value of the currency.
● The cost of processing and manufacturing physical currencies is quite high compared to using electronic and coin payment methods.
● These can be easily damaged through ripping or wear and tear.
● There is a cost to verify the authenticity of currencies.


Review: Banknotes vs Currency Notes

Here are some similarities and differences between banknotes and currency notes:
1. Both are paper money or bills
2. Both notes have the power to purchase.
3. Both notes have limits.
4. Banknote is generally not issued for common dealing in common purposes.
3. Currency note is used in common dealing for purchase of items. Even with this you also purchase banknotes.
4. Currency Note is issued by the authority like in India it is issued by RBI (reserve bank of India).

5. Banknote has an expiry period that ends after the expiry of time.
But still, they are the same there is no difference it just a name which is used in economics or in man behavior common language.



The overall change from commodity-backed banknotes to a fiat currency has allowed more stabilization, instead, relying on the economics of a country. This strategy allows the government to properly regulate currency notes in times of inflation and recessions. It will allow countries to also combat other variables such as interest rates and credit for a healthy economy.



There are many currencies used around the world, with 180 recognized by the United Nations. These currencies are used in 195 countries across the world with the most popular being US Dollar, Euro, and the Japanese Yen. However, how valuable are these currencies? Are they the highest currencies in the world? What are the highest valued currencies in the world?

There are many factors that affect the exchange rate of a particular currency. One of the most important factors is the economic development of a country. This is why occurrences arent constant, they change rapidly as the economic conditions in a particular country change. With some research and constant evaluation of the world economy, we have compiled a list of the highest valued currencies in the world in 2020:

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Top 15 highest currencies in the world in 2020 - Infographic


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