Which of the following is not one of the weakest currencies in the world?
- ALebanese Pound
- BLao Kip
- COmani Rial
- DIranian Rial
Show answer and explanation
Correct answer: (c) Omani Rial
Explanation
The Omani rial is one of the strongest currencies in the world: it is pegged to the US dollar, and one rial is worth about 2.6 US dollars. Other very strong currencies are the Kuwaiti dinar and the Bahraini dinar.
The Iranian rial, the Lebanese pound and the Lao kip are among the weakest, because of high inflation, economic crises and, for Iran, sanctions; one US dollar buys thousands or more of each.