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The 10 Strongest Currencies in the World

10 strongest currencies in the world

We bring to you the Strongest Currencies in the World

We all like to get the most out of our money, even if it’s just a few extra cents on the dollar. Well, check out the Strongest Currencies in the World

With that said, we’ve put together a list of some of the worlds strongest currencies, so you can think about getting a little extra buying power when travelling abroad.

If you think GBP or USD is the strongest currency in the world, then think again!

Here’s a list we put together of the 10 strongest currencies in the world:

The 10 Strongest Currencies In The World

The list of currencies and figures mentioned below have been compiled from various sources around the web, such as FXSSI, Currency Kart & Highest Currency

These are the 10 strongest currencies in the world:

10. US Dollar

It’s the currency of the United States of America and is the most traded and used currency in the world.

It also holds the title of the world’s primary reserve currency and is held by both central and commercial banks all over the world.

Depending on your currency, it’s not the best time to convert some of your cash into dollars, however, it’s well worth keeping an eye on how it performs, as it doesn’t look like it’s going anywhere soon!

Strongest Currencies in the World

9. Swiss Franc – (1 CHF = 1.01 USD)

Next on the list, we have the Swiss Franc, which is the official currency of Switzerland and Liechtenstein!

At roughly 1.01 USD for each CHF, it’s currently not the best conversion rate to USD on the list, however, the Swiss Franc still comes in at number nine for good reason.

Switzerland is one of the wealthiest countries in the world and has a solid track record in banking and finance.

Having some of the worlds strictest monetary policies and lowest debt levels has drawn many an investor to view the Swiss Franc as a “Safe Bet”, choosing to store some of their wealth in the official currency of Switzerland.

Also known for being the sixth most traded currency in the world, the Swiss Franc is expected to retain its value in the foreseeable future!

8. Euro (1 Euro = 1.10 USD)

The EURO is the primary currency of the European Union and was adopted on January 1, 1999.

It holds the title as the second world reserve currency and is the official currency of 19 of the 28 member countries in the EU.

The currency first began virtually, in the form of traveller cheques and electronic bank transfers, and physical notes and coins appeared a few years later in 2002.

The introduction of the EURO was meant to increase the economic interdependency of trade between all EU member that choose to adopt it.

One EURO is approximately equivalent to 1.10 USD at the time of writing.

7. Cayman Islands Dollar – (1 KYD = 1.20 USD)

The next strongest currency in the world is the Cayman Islands Dollar.

The Cayman Islands are a British Territory located in the Caribbean and are well known for being one of the worlds best tax havens.

They provide banking licenses for a number of the worlds biggest banks, hedge funds and insurance companies.

The KYD was introduced in 1972 as a replacement for Jamaican Dollars and has gone on to become one of the worlds strongest currencies.

6. Gibraltar Pound – (1 GIP= 1.23 USD)

The Gibraltar pound is the official currency of Gibraltar.

As well as being used on its own, it’s also able to be exchanged with the British Pound at par value and, aesthetically, looks very similar.

All notes and coins of the Gibraltar Pound are printed by the Government of Gibraltar.

The most common Gibraltar exchange rate is the GIP to Euro rate.

5. Pound Stirling – (1 GBP = 1.26 USD)

Coming in at number five on our list of the strongest currencies in the world is the Pound Stirling, the official currency of the United Kingdom.

The Pound Stirling is often perceived as being the strongest currency in the world, however, that’s not the case, as it falls short to four Arabian currencies.

With the United Kingdom deciding to leave the EU, this has had a negative effect on the Pounds value.

It’s one of the most widely used currencies and the oldest independent currency in the world, being first used in the United Kingdom in 1489.

At the moment, 1 GBP can be exchanged for 1.26 USD.

Strongest Currencies in the World

4. Jordanian Dinar – (1 JOD = 1.41 USD)

The Jordanian Dinar, JOD, is the official currency of Jordan, an Arabic nation on the bank of the river Jordan.

Introduced in 1949, replacing the Palestinian pound, the Jordanian Dinar has been pegged by the United States Dollar for the past 2o years.

This has helped it to become one of the strongest currencies in the world.

However, despite its status, the Jordanian Dinar is still only used in Jordon and nowhere else in the world.

One JOD is currently valued at 1.41 USD.

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3. Omani Rial – (1 OMR = 2.60 USD)

The Omani Rial is the third strongest currency on our list.

This Arabian currency was first introduced in 1973 and has seen a significant rise in value due to the success of the countries oil supply and being pegged to the U.S Dollar.

It’s the official currency of the Sultanate of Oman and is the third-highest status currency in the world.

The purchasing power of this currency is so high, that the government has to introduce 1/4 and 1/2 Rial banknotes.

As of 2020, 1 OMR is equivalent to 2.60 USD.

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Strongest Currencies in the World

2. Bahraini Dinar – (1 BHD = 2.65 USD)

In second place, we have the Bahraini Dinar, which is the official currency of Bahrain and first introduced in 1965.

Bahrain is a PersianGulf Island State, populated by just over 1 million people.

Most of the expats in Bahrain are Indian, which makes the BHD to INR the most common.

The majority of the countries wealth comes from exporting its petroleum products.

Similar to the Jordanian Dinar, the Bahraini Dinar is only used in Bahrain and is pegged by the U.S. dollar.

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Strongest Currencies in the World

1. Kuwaiti Dinar – (1 KWD = 3.29 USD)

The worlds strongest currency is the Kuwaiti Dinar.

It is the highest valued currency against the United States Dollar.

Located on the tip of the Persian Gulf, between Iraq and Saudi Arabia, Kuwait’s wealth can be attributed to its heavy exports of oil to a global market.

It was first introduced in 1961 after gaining its independence from the United Kingdom and has since gone on to become the most valuable currency in the world.

Over the years, the Kuwaiti Dinar has been pegged to a number of different currencies. Most recently, it was pegged to the U.S. dollar from 2003 to 2007.

More recently, it has been pegged to an unnamed basket, valued at 1 KWD to 3.29 USD.

NET WORTH

Teodoro Obiang Nguema Mbasogo Net Worth

Teodoro Obiang Nguema Mbasogo net worth

what is Teodoro Obiang Nguema Mbasogo net worth?

Net worth$600 million
Occupation president of Equatorial Guinea
Date of Birth5 June 1942
NationalityEquatoguinean

Teodoro Obiang Nguema Mbasogo net worth 2021: Teodoro Obiang Nguema Mbasogo  is an Equatoguinean politician who has been the 2nd president of Equatorial Guinea since August 1979. He currently has a net worth of $600 million makin g him one of the richest presidents in the Africa and the world at large.

Early years

From a family of the Esangui ethnic clan, he was born in the town of Acoacán  belonging to the colony of Spanish Guinea, on the current border with Gabon, within the Continental Equatorial Guinea. Son of the Gabonese Santiago Nguema Eneme Obama and María Mbasogo Ngui, Obiang was the third of ten brothers, among whom are also the National Security Delegate Armengol Ondo Nguema and former National Defense Minister Antonio Mba Nguema.

Obiang’s parents emigrated from Gabon to avoid paying capitation taxes and take advantage of the good economic situation in Spanish Guinea. After the death of María Mbasogo Ngui, Obiang and his brothers were raised by his father and his new wife Carmen Mikue Mbira.

Education

Obiang completed his first studies at the Cardenal Cisneros School Group in Ebebiyin and at the La Salle Center in Bata where he obtained a degree in labor administration.

Obiang joined the military during Equatorial Guinea’s colonial period and attended the General Military Academy in Zaragoza, Spain. He achieved the rank of lieutenant after his uncle, Francisco Macías Nguema, was elected the country’s first president.

Under Macías, Obiang held various positions, including governor of Bioko and leader of the National Guard.  He was also head of Black Beach Prison, notorious for severely torturing its inmates.

Presidency

After Macías ordered the murders of several members of the family they shared, including Obiang’s brother, Obiang and others in Macías’ inner circle feared the president had become insane. Obiang overthrew his uncle on 3 August 1979 in a bloody coup d’état, and placed him on trial for his actions, including the genocide of the Bubi people, over the previous decade.

Macías was sentenced to death and executed by firing squad on 29 September 1979. A new Moroccan presidential guard was required to form the firing squad, because local soldiers feared his alleged magical powers.

Obiang declared that the new government would make a fresh start from Macías’ brutal and repressive régime. He granted amnesty to political prisoners, and ended the previous régime’s system of forced labor. However, he made virtually no mention of his own role in the atrocities committed under his uncle’s rule.

The country nominally returned to civilian rule in 1982, with the enactment of a slightly less authoritarian constitution. At the same time, Obiang was elected to a seven-year term as president; he was the only candidate. He was reelected in 1989, again as the only candidate.

After other parties were nominally allowed to organize in 1992, he was reelected in 1996 and 2002 with 98 percent of the vote in elections condemned as fraudulent by international observers.

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 In 2002, for instance, at least one voting district was recorded as giving Obiang 103 percent of the vote.

He was reelected for a fourth term in 2009 with 97% of the vote, again amid accusations of voter fraud and intimidation, beating opposition leader Plácido Micó Abogo.

Teodoro Obiang Nguema Mbasogo Net Worth

Teodoro Obiang Nguema Mbasogo net worth is $600 million according to Forbes. However, his wealth has not been without questions.

In 2003, Obiang told his citizenry that he felt compelled to take full control of the national treasury in order to prevent civil servants from being tempted to engage in corrupt practices.

Obiang then deposited more than half a billion dollars into more than sixty accounts controlled by himself and his family at Riggs Bank in Washington, D.C., leading a U.S. federal court to fine the bank $16 million for allowing him to do so. A United States Senate investigation in 2004 found that the Washington-based Riggs Bank had taken $300 million in payments on behalf of Obiang from Exxon Mobil and Hess Corporation.

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Beginning in 2007, Obiang and several other African state leaders came under investigation for corruption and fraudulent use of funds. He was suspected of using public funds to finance private mansions and other luxuries for both himself and his family.

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He and his son, in particular, owned several properties and supercars in France. Several complaints were also filed in US courts against Obiang’s son. Attorneys stressed that the funds appropriated by the Obiangs were taken quite legally under Equatoguinean laws, even though those laws might not agree with international standards.

Obiang, his cabinet and his family allegedly have received billions in undisclosed oil revenue each year from the nation’s oil production. Marathon Oil purchased land from Abayak, Obiang’s personal investment vehicle, for more than $2 million; in June 2004 the sale was pending but Marathon had already made a $611,000 first payment with a check made out to Obiang. Marathon also was involved in a joint venture to operate two gas plants with GEOGAM, a quasi-state firm in which Abayak controlled a 75% stake.

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NET WORTH

Mavado Net Worth

Mavado net worth

What is Mavado net worth?

Net worth$2 million
Source of wealthProfessional Singer
Date of Birth30 November 1980
NationalityJamaican

Mavado net worth 2021: David Constantine Brooks better known by his stage name Mavado, is a Jamaican dancehall singer who has a net worth of $2 million. He is signed to We the Best Music Group and formerly to Cash Money Records.

Biography

David Constantine Brooks was raised in Kingston, Jamaica’s Cassava Piece community. He cites the music of Bounty Killer as an early influence. Bounty took him under his wing to show him the ropes of the music industry and introduced him to his manager, Julian Jones-Griffith. He decided to name himself “Mavado” after the Swiss watch company Movado, with his manager altering the spelling.

In 2005, Mavado had his breakthrough with his first single, “Real McKoy”. He further established himself with the follow-up record “Weh Dem a Do”, on the Red Bull & Guinness riddim, that had the distinction of hitting Billboard.

After a string of hits in 2005 and 2006, Mavado released the album Gangsta for Life: The Symphony of David Brooks 10 July 2007 on VP Records.

 The single “Dying” from the album was featured heavily on New York’s WQHT (Hot 97) R&B/hip-hop radio station.

In March 2008, Mavado was featured performing a rendition of his song “Real McKoy” for Grand Theft Auto IV Trailer #4 “Everyone’s a Rat”. “Real McKoy”, along with “Last Night” were also featured in the game on the radio station “Massive B Radio”.

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 Mavado was also featured on the G-Unit track ‘Let It Go’ along with Tony Yayo and Lloyd Banks for the album: T·O·S  in 2008. He was the only non-G-Unit feature on the album. In 2008 Mavado was given the UK MOBO Award for Best Reggae Act.

 Mavado’s song “Progress” on the Mineral Boss Records produced “Money Boss Riddim” was featured in DJ Khaled’s Major Key album. The album was nominated for the 2017 Grammy Awards on the “best rap” album category.

In 2017, Mavado, Alkaline and Jahmiel formed a camp known as MVP, which Mavado claimed to be the “biggest thing” in dancehall at that time.

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He collaborated with Sean Paul for an inspirational song called “I’m Sanctify”. In 2019, Mavado released a song called “Top Shotta Is Back” On a Riddim called The Aircraft Riddim produced by Chimney Records.

In 2020, Mavado recorded and released a Drake diss song called “Enemy Line”.

Mavado Net Worth

Mavado net worth is currently purged at $2 million. He is among the richest Jamaican artistes. Mavado’s main source of his wealth is through music. He has released several songs which includes;

  • “Weh Dem Ah Do” (2007)
  • “Real McKoy” (2007)
  • “Lost Dem” (2011)
  • “Do Road” (2011)
  • “Take It” featuring Karian Sang (2012)
  • “Give It All to Me” featuring Nicki Minaj (2013)
  • “Million Dollar Man” (2013)
  • “Tie Yuh” (2014)
  • “Ben Ova” (2014)
  • “My Pan ” (2014)
  • “Ain’t Going Back Broke” featuring Future and Ace Hood (2015)
  • “Ghetto Bible” (2015)
  • “My League” (2015)
  • “Big League” (2016)
  • “Progress” (2016)
  • “Mama” (2017)

Crime

In 2005, Mavado was detained by Jamaican police.  While in police custody, the singer claims he was thrown through a glass window, slicing three fingers in the process, which were reattached at a local hospital. Police claimed Mavado escaped from custody while at the hospital.

 He was later arrested and charged with shooting with intent and illegal possession of firearm in relation to an event occurring 27 July 2007. Mavado was released two days later on a $3000 bail and was subsequently refused entry into the United States.

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NET WORTH

Ricky Martin Net Worth

Ricky Martin net worth

What is Ricky Martin net worth?

Net worth$120 million
Source of wealthsinger, songwriter, actor, author, record producer
Date of BirthDecember 24, 1971
NationalityPuerto Rican 
Years active1984–present

Ricky Martin net worth 2021: Enrique Martín Morales  better known as Ricky Martin, is a Puerto Rican singer, songwriter, actor, author, record producer and humanitarian who has a net worth of $120 million.  is known as the “King of Latin Pop” and the “Latin Music King”.

Early life

Martin was born on December 24, 1971 in San Juan, Puerto Rico, the son of Nereida Morales, an accountant, and Enrique Martín Negroni a psychologist.

His parents divorced when he was two years old, and Martin spent much of his childhood shifting between his father’s home in the suburbs of University Gardens, a suburban middle-class neighborhood of San Juan, and his paternal grandmother’s house nearby.

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Martin grew up in a Roman Catholic home and was an altar boy throughout his childhood. He began singing at age 6, using wooden kitchen spoons as pretended microphones; he often interpreted songs by Menudo as well as English-language rock groups such as Led Zeppelin, Journey, and REO Speedwagon.

Career

After discovering, with his father, a newspaper advertisement about auditions for commercials, 9-year-old Martin began appearing in Puerto Rican television commercials for products such as soft drinks, toothpaste, and restaurants. In a year and a half, he starred in 11 commercials.

He began his career at age 12 with the all-boy pop group Menudo. After five years with the group, he released several Spanish-language solo albums throughout the 1990s.

Since the beginning of his solo career in 1991, Ricky Martin has become one of the best-selling Latin music artists of all time with over 70 million records worldwide. He also ranks among the most influential Latin artists of all time and the greatest music video artists of all time.

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In early 1999, after releasing several albums in Spanish, Martin performed “The Cup of Life” at the 41st Annual Grammy Awards show, which became a catalyst in bringing Latin pop to the forefront of the U.S. music scene.

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 Following its success, Martin released “Livin’ la Vida Loca”, which helped him attain success worldwide. It is generally seen as the song that began the Latin pop explosion of 1999 and made the transition easier for other Spanish-speaking artists to move into the English-speaking market.

His first English-language album (titled Ricky Martin), sold 15 million copies and is his best selling album to date. His other studio albums include: Ricky Martin (1991), Me Amaras (1993), A Medio Vivir (1995), Vuelve (1998), Sound Loaded (2000), Almas del Silencio (2003), Life (2005), Música + Alma + Sexo (2011), and A Quien Quiera Escuchar (2015).

He also acted on stage and TV in Mexico, where he achieved modest fame in the early 1990s. In 1994, he appeared on the US TV soap opera General Hospital as a Puerto Rican singer.

In 2018, he portrayed Antonio D’Amico in the miniseries The Assassination of Gianni Versace: American Crime Story, which earned him a nomination for the Primetime Emmy Award for Outstanding Supporting Actor in a Limited Series or Movie.

Ricky Martin Net Worth

Ricky Martin net worth is $120 million. He is one of the richest Latin Musicians in the world. Martin is the founder of Fundación Ricky Martin (Ricky Martin Foundation), a non-profit organization. Among the events promoted by the foundation was a summer camp, which included Martin’s personal participation.

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Martin has been honored with accolades including: Leadership in the Arts Award, Billboard’s Spirit of Hope Award, ALMA Award, Vanguard Award, International Humanitarian Award by the International Centre for Missing & Exploited Children, Hispanic Heritage Award for his humanitarian work through the Sabera Foundation in rescuing three orphan girls from the streets of Kolkata.

Recognition

In December 2003, Martin was appointed a UNICEF Goodwill Ambassador. In his role as UNICEF Goodwill Ambassador, Ricky Martin has supported UNICEF’s efforts in fighting for children’s rights, especially in the area of child trafficking.

Music Highlights

  • Ricky Martin (1991)
  • Me Amaras (1993)
  • A Medio Vivir (1995)
  • Vuelve (1998)
  • Ricky Martin (1999)
  • Sound Loaded (2000)
  • Almas del Silencio (2003)
  • Life (2005)
  • Música + Alma + Sexo (2011)
  • A Quien Quiera Escuchar (2015)
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