The Nigerian Naira closed the week at N1,480 per US dollar, maintaining a steady trajectory since early September. While the local currency shows signs of stability, global markets continue to be dominated by the world’s strongest currencies, valued for their stability, economic resilience, and investor confidence.
Here is the updated list of the top 10 strongest currencies globally:
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- Kuwaiti Dinar (KWD) – The world’s strongest currency, backed by Kuwait’s oil wealth and sound fiscal policies.
- Bahraini Dinar (BHD) – Pegged to the US dollar, supported by oil, finance, and tourism.
- Omani Rial (OMR) – Reflects Oman’s oil economy and diversification strategies.
- Jordanian Dinar (JOD) – Maintains stability despite regional challenges.
- British Pound Sterling (GBP) – A global benchmark supported by the UK’s financial strength.
- Gibraltar Pound (GIP) – Pegged to the GBP, symbolizing Gibraltar’s financial stability.
- Swiss Franc (CHF) – A safe-haven currency backed by Switzerland’s strong economy and banking sector.
- Cayman Islands Dollar (KYD) – Supported by offshore finance and thriving tourism.
- Euro (EUR) – The collective currency of 20 EU states, second most traded globally.
- United States Dollar (USD) – The dominant global reserve currency and backbone of international trade.
These currencies remain benchmarks of financial strength, reflecting their countries’ robust economies, policies, and global influence.
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