Connect with us

News

The Top Five Strongest Currencies In The World (+Photos)

Published

on

By Ojomah Austin.

Currencies are one of the most important factors in the global economy and play a large role in determining trade agreements, as well as representing the strength and stability of varying nations.

There are over 180 currencies recognised worldwide by the United Nations as legal tender, all with varying strengths. The strongest currency globally doesn’t owe its value to its popularity or usage, but rather to its purchasing power.

Express.co.uk has looked into the strongest currencies of 2024 – and found that neither the British pound nor the US dollar top the list.

Advertisement

British Pound Currency Note (GBP)

5. British pound

The British pound comes in at fifth on the strongest currency list. First introduced in the 1400s and decimalised in 1971, the independent, free-floating currency is very strong.

The Gibraltar pound, which is ‘pegged’ to the British pound, also comes in at number 5, with the British territory introducing its currency in the 1920s.

Jordanian dinar Currency Note

4. Jordanian dinar

The Jordanian dinar is the fourth strongest currency in the world, with one dinar being valued at 1.07 Pound sterling, and £1 being worth 0.94 Jordanian Dinar.

The dinar entered circulation in Jordan in the 1950s. The land-locked country in the Middle East has an economy largely dependent on oil and gas exports, but also tourism, banking and pharmaceutical sectors.

Advertisement

Omani Rial Currency Note

3. Omani rial

Largely dependent on oil reserves, Oman’s prosperous economy has led to the nation having one of the world’s strongest currencies. The rial was introduced in Oman, which lies on the southeastern coast of the Arabian peninsula, in the 1970s.

One rial is worth 1.97 Pound sterling, and £1 is worth 0.51 Omani Rial.

Bahraini Dinar Currency Note

2. Bahraini Dinar

Another Middle-Eastern currency tops the charts, with the Bahraini Dinar being the second strongest currency in the world. The diversified economy of Bahrain contributes to its currency’s success, with strong oil, gas, finance and tourism industries.

The dinar was introduced in 1965, with 1 dinar being worth 2.01 Pound sterling, and £1 being worth 0.50 Bahraini Dinar.

Advertisement

Kuwaiti Dinar Currency Note

1. Kuwaiti Dinar

The strongest currency in the world is the Kuwaiti dinar. One dinar is equal to 2.48 Pound sterling, and £1 is equal to 0.40 Kuwaiti Dinar.

Kuwait, which is a country in the Middle East, introduced the dinar in 1961. The nation’s lucrative oil reserves can attest to its currency’s considerable economic strength, which lies in the Persian Gulf.

News

Protests erupt in Plateau over incessant k!llings

Published

on

By

Protests erupted in Jos, the Plateau State capital, on Monday morning over the continued killings of indigenous residents by gunmen suspected to be Fulani militants.

The demonstrations, led by Christian leaders including the state chairman of the Christian Association of Nigeria, Rev. Polycarp Lubo, commenced on Monday morning at the Fawvwei Junction community road, causing a heavy gridlock and stranding commuters.

The latest protest comes amid a surge in violent attacks by gunmen in various communities, with over 100 people killed in Bokkos and Bassa LGAS in the past two weeks.

“We are not happy over the continuous attacks and killings by gunmen in our communities. That’s why we have come out again to protest these happenings,” said Gyang Dalyop, one of the protesters.

Advertisement

Another protester, Hannatu Philip, called on the government to intervene before it spirals out of control.

The protesters brandishing placards with different inscriptions were seen marching towards the Rayfield Government House.

Continue Reading

News

Tinubu not your equal – Presidency replies Peter Obi’s ex-running mate, Datti

Published

on

By

The Presidency has said the former Labour Party, LP, presidential running mate, Yusuf Datti Baba-Ahmed is no match for President Bola Tinubu.

Tinubu’s Special Adviser on Media and Public Communication, Sunday Dare was reacting to Datti’s remark that he (Tinubu) would not run for the presidency in 2027.

The former LP running mate insisted that Tinubu’s time is up, adding that everything is there for the president and the ruling All Progressives Party, APC, to see that they lose in 2027.

Dismissing such remark, Dare likened Datti’s comment to the new year predictions of charlatan ‘prophets’ which never come through.

Advertisement

In a statement he signed, Dare said the likes of Peter Obi and Datti would have been president left for the latter’s theories.

According to Dare, Datti has chosen to venture into an unfamiliar terrain.

The statement reads partly: “Yusuf Datti Baba-Ahmed’s “illogical logic” was all over the place in his recent interview with a television channel.

“Listening to Yusuf Datti Baba- Ahmed spurn his postulations about the political future of Nigeria and that of the incumbent President is like listening to the new year predictions of charlatan ‘prophets’ which never come through. Yusuf Baba Ahmed and his co-traveller Peter Obi are indeed a “double whammy“ in the Nigerian political space.

Advertisement

“He chose to base his political calculations on President Bola Tinubu not winning a second term given his antecedents and because Nigerians will decide at the polls among other things. He conveniently avoided the substance of performance and capacity.

“Unfortunately, he chose to walk into a lane he was unfamiliar with and chose to confront a politician he is no match for.”

Similarly, the Presidency had also stressed that Tinubu will reveal his plans for a second term at the right time.

It said the APC 2027 presidential campaign billboards had no links to Tinubu and Vice President Kashim Shettima.

Advertisement
Continue Reading

News

‘Conducting unfair election in 2027 will lead to Nigeria’s demise’ – Top Northern Politician Sends Warning To Tinubu

Published

on

By

Hakeem Baba-Ahmed, a former aide to Vice President Kashim Shettima has warned that any attempt by the government in power to manipulate the 2027 general elections will be resisted.

He also said that should the polls or its results be tampered with, this would create dire consequences for the country.

Baba-Ahmed said this in a viral video seen by 9NEWS NIGERIA.

The former leader of the Northern Elders Forum who just resigned his position as a presidential aide said conducting a bad election might lead to Nigeria’s end.

Advertisement

“Conducting a bad election in 2027 may lead to the end of Nigeria, I swear to God,” Baba-Ahmed said.

He further stated that elders from the Northern region would soon take a stand on the nation’s politics ahead of the 2027 election.

“There will be a time we will come out and say it’s okay, and it’s soon. This injustice is over. We know who we are,” he warned.

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News