Kuwait has the world's most valuable currency, the strongest purchasing power, and the most stable currency, not to mention one of the richest countries in terms of per capita GDP. It is also one of the largest oil producers in the world, the British Daily Express newspaper pointed out.

According to the paper, the Kuwaiti dinar is linked to an undeclared basket of weighted currencies, which consists of a portfolio of currencies from various countries with significant commercial and financial ties to Kuwait, and it is believed that its composition is heavily influenced by the dollar.

The Central Bank of Kuwait regulates the money supply in line with the country's economic needs, supports the value of the Kuwaiti currency, and during the 2008 financial crisis, it injected capital into banks and guaranteed deposits to protect the economy and the value of the currency.

The Kuwaiti currency is stable due to several factors, including economic strength, political stability, and a low trade deficit. The value of the currency increases if the country's economy is growing and stable, which attracts foreign investment and increases demand.

According to the newspaper, the Kuwaiti dinar's exchange rate was about $3.25 as of December 2023, and although the Kuwaiti economy is heavily dependent on oil, the country relied heavily on fishing, pearl hunting, and trade before its discovery.

According to the newspaper, Kuwait has experienced rapid growth since oil was discovered in the last century, generating about 90% of government revenues through industries based on oil and petroleum derivatives. Due to the heavy reliance on the oil industry, the currency has not been devalued to support non-oil exports, estimated at $440 million.

As Kuwait is one of the world's largest oil exporters, and with global oil demand remaining very high, the demand to pay for it is also very high, making the Kuwaiti dinar an extremely valuable currency.

Since oil resources are susceptible to depletion, it will be interesting to see how Kuwaiti economy will be managed if the need arises to reduce oil dependence and find alternative sources of income.

Kuwait also has one of the lowest unemployment rates in the world. While it was expected to reach 2.2% at the end of 2023, this rate was much lower than its counterpart in the United Kingdom, which reached 4.2% during the same period.

Kuwait also has a tax exemption system and a fixed exchange rate of $3.32 for its currency, which helps maintain its value and provide stability despite fluctuations in global markets. Kuwait City has become a skyscraper as a result of the country's wealth, the newspaper concluded.