The Kuwaiti Dinar Is The World's Strongest Currency

Kuwait's dinar will remain unaffected by ratings or inflation, since its backing is provided by long-term funds and general reserves, reports Al-Nahar daily quoting informed sources. Kuwaiti dinars continue to be the strongest currency in the world with nearly a trillion dollars in reserves, assets, and gold.

In comparison to other currencies, Kuwaiti dinar is more stable and strong due to the prudent policies adhered to by the Central Bank, which do not allow temporary factors such as the loss of ratings to affect the currency. A large number of factors contributed to the dinar swinging away from the usual economic influences and events, as reported by sources. In addition to the huge financial allocations, they mentioned that Kuwait's banking sector was one of the strongest in the Gulf region and the Middle East because its monetary policy focuses on the stability of the local currency and the strength of the local currency. They also emphasized that the decline in credit ratings will have no impact on the Kuwaiti banking sector.
 

 

 

SOURCE  ARABTIMES

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