By Quadri Yahya
Claim
The All Progressives Congress (APC) women leader in Lagos State, Jumoke Okoya-Thomas has claimed that the dollar is the strongest currency in the world.
Verdict
False.
Full Text
The All Progressives Congress (APC) women leader in Lagos State, Jumoke Okoya-Thomas made a claim that the dollar is the strongest currency in the world
Jumoke said this on Wednesday, October 5, 2022 during an interview with Arise TV while responding to a question on the mortality rate in Nigeria.
She said, “You keep making reference to what is happening outside the country. Rome was not built in a day; they are having their issues. The strongest currency today is dollar in the world [sic]. It took over from sterling
“…what I am saying is, they put man on the seat, Biden; they call him old, rickety. You know what, there is something in his brain; that thing that is in his brain is what is giving them stronger currency and a stronger nation; and that is what Asiwaju will give us.”
Verification
Research shows that Kuwaiti dinar or KWD is recognised as the strongest currency in the world.
According to websites that provide updates about currency exchange, Investopedia and cmcmarket, KWD was introduced in 1960 and was initially equivalent to one pound sterling.
Kuwait is a small country that is nestled between Iraq and Saudi Arabia whose wealth has been driven largely by its large global exports of oil.
Findings also revealed that 0.30 Kuwait dinar exchanged for 1 US dollar, making the Kuwaiti dinar the world’s highest-valued currency unit per face value, or simply ‘the world’s strongest currency’.
According to investopedia, the U.S. dollar (USD) is one of the most valuable currencies in the world.
Conclusion
FactCheckElections can conclude that, dollar is not the strongest currency in the world as claimed. Kuwaiti dinar is recognised as the most strongest currency in the world.