No doubt many of us have wondered at least once where the Kuwaitis’ money comes from. These people, who spend wildly in bazaars, markets and shopping malls, have the most valuable currency in the world. Gross national income per capita with $81,800 It is one of the countries with the highest incomes.

Why do you think that of all currencies, the Kuwaiti Dinar is the most valuable? Actually, the answer to the question is not so difficult, the main factor is natural oil reserves.

Before we talk about oil reserves, let’s first talk about their economic stability.

Kuwait’s economy is different from the economies of many countries on low inflation rates and solid economic fundamentals plate. The economic stability also ensures that the country gains the confidence of foreign investors, allowing more foreign exchange to flow into the country. However, there is no dollar flow in Kuwait as in our country.

Kuwait provides this flow of money with its own currency. In other words, no dollars to the country, but above all own currency it comes in. Furthermore, due to excessive money printing, the Central Bank of Kuwait of devaluation She prevents this by imposing a restriction. This obviously explains why it is so valuable.

Kuwait is one of the largest oil producers and sellers in the world. It has about 10% of the world’s oil reserves.

Owning 10% of oil reserves is the same as owning 104 million barrels of crude oil. of the world everywhere The oil distributed obviously generates a high income for the country, and the effective methods of raw material extraction are at a level that would surpass many countries.

The income of the state about 80% It covers this with natural resources and allows it to buy the oil it sells only in its own currency. Of course, they don’t just have oil reserves; Apart from that, many rich resources lie beneath the country’s territory.

Apart from these resources, the world energy production and export, real estate sales and tourism It’s a very important country in terms of

Today, the Central Bank of Kuwait continues to implement financial policies that will support the Kuwaiti dinar.

Central Bank of Kuwait

from a local bank a senior employee He made a statement on this subject: “The KMB further supports its value by regulating the money supply to match the economic needs of the country.”

Agree, “How many Turkish Lira is 1 Kuwaiti Dinar?” If you ask, current rate from now on completely 90.13 TL!

We can summarize this issue as follows: Actually, this incident is more or less supply and demand related to the relationship. We can say that Kuwait has taken a major strategic step in this regard. sell oil in its own currency It provides significant value to the country’s currency. Don’t think it’s only that high in Turkish lira; Many currencies are stronger against the Kuwaiti dinar worthless.

1 Kuwaiti dinar is current rate aspect $3.23: