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It is in fact the most powerful currency in the world. What Factors Put The Kuwaiti Dinar Above The Rupee?įirstly, the Kuwait Dinar is not just higher than the Indian Rupee. The Reserve Bank of India’s defensiveness of the currency is also another factor that causes unintentional declines, further hurting the economy especially their export industry. This is a detriment to the value of the Rupee. This often results in the Reserve Bank of India needs to update their notes regularly throughout the years. The Rupee also has a lot of issues surrounding counterfeit currencies due to India being more cash-based. The Indian Rupee, however, one of the oldest currencies in the world, was introduced in the 1500s but is more unstable in value likely due to differences in economics in both countries.Ĭompared to the Kuwaiti, India relies on the importing of certain goods and isn’t sitting on top of valuable resources like oil. The Kuwaiti Dinar used predominately within the Kuwaiti but compared to many other countries whose currency is more unstable, the Kuwaiti dinar seems to only grow stronger in value. That monopoly is what gives the Kuwaiti Dinar its strength.

The Kuwaiti Dinar was introduced in the early 1960s and rose to precedence as a result of the immense wealth that inexists within Kuwaiti.Ī large part of this wealth and strength originates from the country’s rich oil deposits which are essential to every country around the world.īecause of these rich oil deposits, the country is able to lower production costs and maximize their profit to sell to other countries.