World’s Top 10 Countries with the Lowest Currency Value.
Here are the 10 countries with lowest currencies in the world:
Country Name Currency Name Currency equal to 1$ Dollar Approximately
I. Iran Iranian Rial 24,875
II. Vietnam Vietnamese Dong 22307
III. Sao Tomean Dobra Sao Tome & Principe Dobra 17,917
IV. Indonesia Indonesian Rupiah 12,202
V. Belarus Belarusian Ruble 9,898
VI. Laos Lao Kip 7,990
VII. Guinea Guinean Franc 6,778
VIII. Paraguay Paraguayan Guarani 4,645
IX. Costa Rica Colon Costa Rica Colon 570
X. Zimbabwe Zimbabwe Dollar 300,000
Zimbabwe Dollar is one of the most competitive money in the world which is modest & estimated to be 300,000 of their currency is equal to 1 dollar. It is the least valued currency & sometimes they are using the other nation currency of South Africa and now considered as much developed one in the past it was named as the least valued in the global.
Costa Rica Colon
Costa Rica Colon is the currency of Costa Rica which is generally called as Rica. The value of this currency is also microscopic which is yet used in their nation. The exchange for 1 dollar can cost almost 570 colors of their currency which details its little value in the market. Their currency notes are made in the red color and are easily dignified from other currencies.
Paraguayan Guarani is one of the cheapest currencies for the reason it is 4,645 of this money is equivalent to 1 dollar. It is the money which has substituted Peso and was released to be used there in 1944. The Central Bank of Paraguay introduced this currency & the banknotes was in 1943, but the coins were introduced in 1944 and are lesser known to the rest of the world.
Guinean Franc is another 2nd currency in the world which has 6,778 equal to 1 dollar which details the little value of it. It is the 1st currency which was released in the form of coins in 1959 & has replaced the CFA Franc. After that in 1985, the banknotes of this currency were proposed which includes notes of 50, 100, 500, 1000 & 5000 which are still being used in their nation.
Lao Kip is the currency value has 7,990 equal to almost 1 dollar. In 1945 the notes of this currency were first introduced & were then occupied by the French army & after that when French military has left the nation it was fortified the same in 1952. The biggest note of their currency predominant in the country is of 100,000 which depict their tiny economy for the reason of highest currency notes decline the value of the economy.
Belarussian Ruble is the cheapest currencies of the world which has the 9,898 exchanged to 1 dollar. In 1992 the bank has issued the currency notes & after that major coins of the coin were released in 1996. The bank notes starts from 500 & go till 5,000,000 which is very high value & not good for the economy of the country. The derivation of highest note always lowers the economy value of the country.
Indonesian Rupiah is the currency of Indonesia which has 12,202 equal to 1 dollar which depicts its advance. The coins of this currency are starts from 50 to 1000 although the bank notes are available from 1000 to 100,000 which are also very high and impact damage to the country’s economy. Recently the government of the country has eliminated the 1000 rupiah note & has released the 2000 rupee note in an exchange of that.
Sao Tome & Principe Dobra
Sao Tome & Principe Dobra is the currency of the small island & is not famous in the world. The value of this currency is 17,917 equal to only 1 dollar. The whole island is placed in the area of 1,001 km. It is the nation which has got freedom from Portugal & has many coins & notes of their currency. The state has released the bank notes in the year of independence & is still running in the country.
Vietnamese Dong is the 2nd cheapest currency which has the currency of the developing world. In 1946 the currency was introduced and was replaced by the French Indochinese piastre. The 1st currency note was released in 1976, but its value was much reduced and least rated since the day of its initiation. It has many high value currency notes which is damaging the economy & also declining the amount of money much more.
Iranian Rial is the cheapest money in the global. The only 1 dollar is equal to the 24,875 of the Iranian Riyal. The value of this currency is microscopic due to its relationship to the global economic approval and also with the US. It has been caused many assured transactions in the nation which are additionally damaging the economy & the currency of the country.
Share This Post
Why we choose Forex Market?
Oct 06 , 2015
Forex, Commodity and Binary Trading Signals on 5th May 2016
May 04 , 2016
Forex Trading Terminologies
Oct 21 , 2015
Forex Weekly Technical Outlook on 7-11 August 2017
Aug 07 , 2017
Forex Weekly Technical Outlook on 24-28 JULY 2017
Jul 24 , 2017
Weekly Forex Technical Forecast 3-7 JULY 2017
Jul 03 , 2017