Top 10 World's Lowest Currency

Top 10 World's Lowest Currency There are many countries in the whole world and the most important thing for the progress of the country is their economy which makes the country stable and it can work properly. The earnings of the country are dependent upon different factors which include the major industries, import, export and mainly the currency of the country. The value of currencies of every country is different and is used to purchase different things. Lowest currency means the harmful impact on the economy of the country and its value is critical for the country. The currencies with lowest values have less power in the international market and are causing damage to the economy of the country. A penny won't buy you much these days but it will go a lot further than a Vietnamese dong. This has the dubious distinction of the worst rate of exchange against sterling of any currency – you need about 33,000 dong to buy just £1. Its quiet a difficult assignment to find the top ten countries who have lowest currency value in the world because its value continuously change all the time. The easiest way to evaluate the cheapest currency value is to find its power to buy US dollars. It is used for daily purchasing or exchanging from one nation to another so we define currency, with lowest rate, has least power to buy other goods. Demand and supply in international money market, internal economic condition, central bank policy, domestic interest rate and political scenario are all affecting its value. There are countries which have lowest currencies in the world and we see foreign loans are putting more pressure on economy because huge quantity of cheap valued currency is required to pay small loan. Iranian Rial retains its title as the world’s lowest currency in the world when it comes to its power to buy goods. Dobra moved up the ranking to 2nd place by displacing Dong with small margin. Listed below is the list of top ten countries with world’s least valuable currencies. Zimbabwe Dollar is named as one of the most competitive money in the world which is slight and estimated to be 300,000 of their currency is equal to 1 dollar. It is named as the least valued currency and sometimes they are using the currency of South Africa and is now considered as much improved one in the past it was named as the least valued in the whole world. Costa Rica Colon is the currency of Costa Rica which is commonly called as Rica. The value of this currency is also microscopic which is still used in their country. The exchange for 1 dollar can cost almost 570 colors of their currency which depicts its little value in the market. Their currency notes are made in the red color and are easily distinguished from other currencies. Paraguayan Guarani is named as one of the cheapest currencies because it is 4,645 of this money is equivalent to 1 dollar. It is the money which has replaced Peso and was issued to be used there in 1944. The Central Bank of Paraguay launched this currency and the banknotes of it in 1943, but the coins were introduced in 1944 and are least known to the rest of the world. Guinean Franc is another second currency in the world which has 6,778 equal to 1 dollar which depicts the little value of it. It is the first currency which was launched in the form of coins in 1959 and has replaced the CFA Franc. Then in 1985, the banknotes of this currency were initiated which includes notes of 50, 100, 500,1000 and 5000 which are still being used in their country. Lao Kip is the currency which has 7,990 equal to almost 1 dollar. The notes of this currency were first introduced in 1945 and were then occupied by the French army and then when French military has left the country it was reinforced the same in 1952. The biggest note of their currency prevailing in the country is of 100,000 which depict their small economy because highest currency notes decrease the value of the economy. Belarussian Ruble is one of the cheapest currencies of the world which has the 9,898 exchanged to 1 dollar. Then the bank has issued the currency notes in 1992 and then major coins of the coin were introduced in 1996. The bank notes of the currency start from 500 and go till 5,000,000 which is very high and not good for the economy of the country. The issuance of highest note always lowers the economy of the country. Indonesian Rupiah is the currency which has 12,202 equal to 1 dollar which depicts its progress. The coins of this currency are available from 50 to 1000 while the bank notes are available from 1000 to 100,000 which are also very high and causing damage to the economy. Recently the government of the country has canceled the 1000 rupiah note and has issued the 2000 rupee note in an exchange of that. View Our Channel: https://www.youtube.com/channel/UC0j5s_E3HsHI1CC2HsrCsDw

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