KUWAIT DIANR IS THE MOST POWERFUL CURRENCY

  • 09/02/2022

Kuwait City: The Kuwaiti dinar will not be affected by the ratings or inflation due to the strong backing offered by the future generation funds and general reserves. They noted that the Kuwaiti dinar's position as the world's strongest currency is backed by approximately one trillion dollars in reserves, assets, and gold. 


The Kuwaiti dinar's stability and strength in comparison to other currencies is owing to the Central Bank's comprehensive precautionary policies, which do not allow momentary causes such as a drop in the rating or the like to have an impact. According to the sources, there are a slew of causes backing and supporting the dinar's move apart from the regular economic events and pressures. They also identified Kuwait's banking industry as the strongest in the Gulf area and the Middle East, citing large financial allocations and a conservative monetary policy focused on the stability and strength of the local currency, as well as the fact that the credit ratings reduction will have no impact.

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