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Kuwaiti Dinar Widely Regarded As ‘World’S Most Powerful Currency’

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Kuwaiti Dinar Widely Regarded As ‘World’S Most Powerful Currency’ ARAB TIMES, WEDNESDAY, JUNE 23, 2021 LOCAL 5 Media campaign launched to educate children about communication and technology Arab Council for Childhood warns of Internet dangers to Arab children CAIRO, June 22, (KUNA): The under the slogan “Safe Internet for world that belongs to them”. its impact on the cultural life of chil- secure accounts.”, she said. National Council for Child Welfare Arab Council for Childhood and De- Our Children”. For her part, the Assistant Secre- dren, is the goal of this campaign, not- Meanwhile, the head of the cur- in Sudan, Amira Al-Azhari, stressed velopment warned on Tuesday from Al-Bilawi said that digital trans- tary-General and Head of the Social ing that it is a broad and complex topic rent session of the Arab Childhood that the dangers of the Internet on the dangers and challenges that the formation and the rapid spread of in- Affairs Sector at the Arab League, in an era in which the role of technol- Committee, Secretary-General of the children are increasingly prevalent, Internet poses to children, stressing formation and communication tech- Ambassador Haifa Abu-Ghazalah, ogy is no longer limited to transfer- Jordanian Ministry of Social Devel- including the growth of the elec- the need to protect the Arab child nology have changed the world and said “this campaign is the fruit of ring data and information, but rather opment, Dr. Barq Saleh Al-Damour, tronic sexual industry that targets and take a preventive and awareness shaped our daily lives and behaviors joint work and continuous coopera- touches all areas of life. stressed that children are among the children through various websites of measures for them. at different age groups, including tion between the Arab League and “We seek to send awareness mes- most victims of modern means of the network. This came in a speech by the Coun- children. the Arab Council for Childhood and sages to children to confront electronic communication, including the un- The campaign aims to introduce the cil’s Secretary General, Dr. Hassan He called for focus on benefi ting Development.” bullying, verify rumors, maintain pri- safe Internet, due to electronic bul- risks of modern digital technology and Al-Bilawi, during the launch of the from the advantages of the internet She added that educating and pro- vacy and personal data on the Internet, lying they are exposed to. educate parents and children about the media campaign to educate children and reducing its negative effects “by tecting children through communica- with the need to browse according to For her part, the director of the importance of the safe use of modern about communication and technology preparing our children for this new tion and technology, and highlighting protection and security settings, and Child Protection Department at the digital technology. Kuwaiti Dinar widely regarded as ‘world’s most powerful currency’ UN acknowledges legality of around 180 currencies KUWAIT CITY, June 22: lar. The most popular Cayman Islands last few years, so it has such a foot- shore accounts, as it is one of the KUNA photo The United Nations ac- Dollar exchange rate is the USD to hold in the world market. As a lot of world’s strongest currencies. This is Ambassador Ahmad Al-Baker, Kuwait’s Permanent Envoy to the Arab KYD rate. Many people are unaware countries are members of this union, the world’s only currency that is not League knowledges the legality of that the Cayman Island Dollar is one it is functional throughout the vast impacted by inflation. around 180 currencies, re- of the most powerful Caribbean cur- majority of European countries. Also, Position 10: US Dollar ports Al-Qabas daily. rencies. The Cayman Island Dollar, it is included in the list of the high- The US Dollar is the world’s most Forum kicks off According to the ‘Good Returns’ which has been in circulation since est currency in the world in 2018 and important reserve currency. No cur- website, the value of currencies 1972, is also one of the world’s new- 2019. rency will ever be able to replace the around the world fl uctuates regu- est currencies. Position 9: Swiss Franc US Dollar as the most traded cur- Kuwait-Chinese strategic larly. Some currencies are thought Position 8: European Euro Switzerland is one of the world’s rencies. It is a worldwide currency to be more powerful than others. The Euro was approved as the Eu- wealthiest countries with a long his- backed by the United States’ global ropean Union’s principal currency on tory in banking and fi nance. political and economic power. De- There are certain countries where Jan 1, 1999. With some of the world’s tough- spite being in high demand when it partnership ‘vital’: envoy the highest currency is not more It is the world’s second most valu- est monetary policies and lowest comes to conversion, the US Dollar than $20, while others have cur- able currency and the offi cial cur- debt levels, many investors regard is far below the list of the world’s CAIRO, June 22, (KUNA): Kuwait’s He also noted that this virtual meet- rencies whose value ranges from rency of 19 of the European Union’s the Swiss Franc as a ‘Safe Bet’, strongest currencies. The US Dollar is Permanent Envoy to the Arab League ing reminds every one of the repercus- $10,000 to $100,000. 28 member countries. In addition, opting to put some of their capital one of the most widely used curren- Ambassador Ahmad Al-Baker sions of the coronavirus pandemic on Many individuals feel that the US this currency has the highest currency in the country’s official currency. cies in the world, although it is ranked affirmed on Tuesday Kuwait’s interest life as it is considered on one of the dollar and the British pound are the in creating Kuwaiti-Chinese strategic most difficult challenges witnessed in exchange rate in the globe. This cur- Swiss Franc is often utilised in bank tenth among the world’s most valu- world’s strongest currencies, with sig- rency has been strengthening over the deposits where money is sent to off- able currencies. partnership. the modern age. The Kuwaiti official nifi cant infl uence over other curren- This came in his speech in the 17th stressed on the benefits of this crisis cies. This is not the case, as there are session of the China-Arab States that showed the importance of enhanc- several currencies with much higher Cooperation Forum (CASCF), which ing cooperation on various levels such conversion rates than the Dollar and kicked off Tuesday via videoconfer- as health, education, technology, food the Pound. encing, at the level of ranking offi- and cyber security. Position 1: Kuwaiti Dinar (KWD) cials. Al-Baker stressed on the strong and Al-Baker pointed out the historic historical ties between Arab Nations The Kuwaiti Dinar (KWD) is Ku- visit of His Highness the late Amir and China, and the must to strengthen- wait’s offi cial currency. The name di- Sheikh Sabah Al-Ahmad Al-Jaber ing cooperation on the international nar comes from the Roman denarius. Al-Sabah to China and co-opening the and regional levels. KWD is divided into 1,000 fi ls — a 8th meeting of the Forum in Beijing in The ambassador thanked China for coin that is used in many Arab coun- 2018, in which both sides strengthened its support to ceasefire in the tries. The Kuwaiti Dinar is widely re- cooperation and stressed on the impor- Palestinian lands and its remarkable garded as the world’s most powerful tance of the forum. stands in achieving peace in the area. currency. Kuwaiti Dinar, abbreviated as KWD, is widely used in oil-related transactions in the Middle East. The Kuwaiti dinar is the strongest circulat- Trucks get green light ing currency as of May 2021, with one Kuwaiti dinar equaling 3.32 US Dol- lars (USD). Kuwait has no taxes and Kuwait’s humanitarian aid convoy it has a relatively low unemployment rate. The Kuwaiti Dinar was introduced departs from Jordan to Gaza Strip in 1961 as a replacement for the Gulf AMMAN, June 22, (KUNA): A the Jordanian army to the Gaza rupee. The Gulf rupee was a currency Kuwaiti humanitarian aid convoy Strip. tied to the Indian rupee. The Gulf ru- departed from Jordan to the Gaza He explained that the association pee, issued by the Indian government Strip on Tuesday, as part of the is awaiting the issuance of the nec- in 1959, was intended for use outside popular campaign ‘Fazaa al-Aqsa’ essary approvals for the other part India, primarily in the Arab Gulf re- supervised by the Kuwait Relief of the relief aid, which includes a gion. The Gulf rupee, like the Indian Society after obtaining the neces- truck of medical materials desig- rupee, was pegged to the British ster- sary approvals to cross from the nated for Al-Makassed Hospital in ling pound (GBP). Israeli occupation authorities. Jerusalem. Position 2: Bahraini Dinar The Jordanian Hashemite Chari- A Kuwaiti military transport plane As of May 2021, the Bahraini Di- Rescue operation in progress table Organization, with which the carrying 40 tons of food and medi- nar is the second most valuable cir- Kuwait Relief Society cooperates, cal supplies landed in Amman on the culating currency, with one Bahraini drove two trucks of food from its ninth of this month as a gift from the dinar equaling USD2.65, slightly be- Sea-goers urged to carry out periodic maintenance of boats warehouses in Zarqa Governorate Kuwait Society for Relief to the Pal- hind the Kuwaiti dinar.
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