Naira, the national currency of Nigeria, has struggled to maintain stability against major currencies including the US dollar, the British pound, and the Euro. Many of us were unaware that there were other currencies that were worth more than these three when compared to the Naira.
Kuwaiti dinar is the official currency of Kuwait, the Kuwaiti dinar has the highest value per base unit in the world as of this year (2023), with 1 KD equaling $3.27 USD.
The official exchange rate between the Kuwaiti dinar and the Nigerian Naira is as huge as 1KD = N1,117.85 as at the time of writing this report.
Central Bank of Nigeria’s recent policies have been faulted by economic experts as a reason behind the devaluation of the Naira.
Other currencies like the Japanese Yen remains the currency with the lowest exchange rate against the Nigerian Naira, with 1JPY = N3.59 as at the time this report was written.