Page 41 - 4th Newsletter - July 2021 to Sep 2021 - En

Expert Corner

"Black gold" is Bahrain's largest source of income.. Report: The Bahraini currency is the
second most expensive currency in the world!

Monday - 30 August 2021 - The Bahraini dinar has achieved the
second highest currency in the world at a time when most people
think that the American dollar and the British pound are the two most
expensive paper currencies in the world, and the reason is that black
gold is the largest source of income for the Kingdom of Bahrain, and
the currency of the State of Kuwait is the most expensive in the
world, according to the statistics of Musharbash Exchange.

The Bahraini dinar is considered the second most expensive paper
Dr. Ghaneya Al-Derazi
currency in the world for the following reasons: Black gold is one of
the largest sources of paper money The income of the state of Bahrain, and the price of the
Bahraini dinar is linked to the price of the US dollar, and it has maintained its stability since
2005 The price of the Bahraini dinar is 2.66 US dollars.
The currency of the State of Kuwait is the highest value in the world, estimated at 3.30 dollars
per dinar. Explanation of its high value by several points: the large oil exports of the State of
Kuwait to the global market, the Kuwaiti economy The stable, enormous wealth of the State

of Kuwait compared to its geographical size and population, more than 80% of the revenues
Kuwait is from the oil industry, advanced technologies in the production and export of
oil..Kuwait is a tax-exempt country With a very low unemployment rate.
Dr. Ghaneya Al-Derazi, a banking expert, explained: “The strength of a currency is usually
determined through an interaction A variety of domestic and international factors such as
demand and supply processes in foreign exchange markets; The interest of the central bank;
inflation and growth in the local economy; the country's trade balance, political and

economic stability, and the size of Public debt.. All these factors affect the strength of the
currency.
Dr. Al-Derazi added : Despite the outbreak of the Corona pandemic and the entry of the world
into a major economic depression, the Kingdom of Bahrain was In the last period, it was keen
to balance all factors professionally and professionally.
She added, "Keeping the inflation level under control led to the strengthening of the Bahraini
dinar, as well as playing Pegging the Bahraini dinar to the US dollar is a very important role,
and there is no doubt that black gold is one of the largest sources entering Bahrain, thus

contributing to the Bahraini dinar's advanced ranking.

Written By Fatema Al Majed:
Article link: http://www.akhbar-alkhaleej.com/news/article/1264393

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