Money matters

There are 180 currencies in the world recognised as legal tender. If you don’t think the humble PNG Kina is up among the best, you are right. But it is also not the worst, by a long shot. The U.S. dollar is the most powerful currency in the world and it is certainly the most traded currency. As such, it is the benchmark against which all other currencies are judged. In the past, there has been talk of China trying to create a currency to rival the US dollar, but given the RMB is weaker than the PGK and any attempt to destabilise the US dollar would be met with sanctions, it seems to be wishful and fanciful thinking. As an indication, the RMB is currently worth about US 0.14; the PGK is worth about US 0.26. The mighty US dollar is here to stay, but you may be surprised to learn that there are nine stronger currencies. The world’s top 10 strongest currencies 1. The Kuwaiti dinar (KWD) is the strongest currency in the world with 1 Kuwaiti dinar buying 3.27 U.S. dollars. ...