There are a lot of different currencies in the world, but have you ever thought about what are the most expensive currencies in the world in 2017? Currencies of the Gulf States in particular always tend to hold up their game in the global market. A valuable currency is not, contrary to popular opinion, necessarily desirable; in some scenarios devaluing currency actually, brings enormous advantages.
One of the most expensive currencies in the world in 2017 is Canadian Dollar. According to the 2011 series of bills which will continue till 2018, the dollar bills have pictures of Wilfrid Laurier ($5). John A. Macdonald ($10), William Lyon Mackenzie King ($50), Robert Borden ($100) and, of course, as previously mentioned, the Queen. Another one is Swiss Franc. They have maintained neutrality in critical situations, a method of response which they would effectively have to abandon as part of the European Union. The Bahamian dollar has always been equivalent to the United States dollar in value. Now Bahamian Dollar is one of the most expensive currencies in the world in 2017. The course is as old as ancient history. Currency developed from two basic innovations, both of which had occurred by 2000 BC. Originally money was a form of receipt, representing grain stored in temple granaries in Summer in ancient Mesopotamia, then after that in Egypt. In this first stage of currency, metals were used as symbols to represent value stored in the sort of commodities. This established the basis of trade for over 1500 years. However, the collapse of the Near Eastern trading system pointed to a flaw. The trade could only reach as far as the credibility of that military. In cases where a country has the authority of its currency, that control is exercised either by some Central bank or by Ministry of Finance. The institution that has control of monetary policy is introduced to as the monetary authority. Monetary authorities have different degrees of autonomy from the states that create them. In economics, a local currency is a currency not backed by a national government and intended to trade only in a small area. One of the biggest examples of a local currency is the primary local currency, founded on Vancouver Island in the early 1980s.
If you want to see and learn more about what are the most expensive currencies in the world in 2017, check Insider’s Monkey list of 10 Most Expensive Currencies in The World in 2017 and find out more about currencies in the world.
