List of Cheapest Currencies in the World



Several countries have several currencies with value differences based on the economy’s outcome and country’s financial system. A list was prepared by authorities which conclude the total of 42 countries having the cheapest currencies in the world. The benchmark of all of these currencies was the US dollar until April 2007. According to that benchmark, Zimbabwean Dollar was the cheapest and lowest bill that’s why they let go of their mother currency and started to use South African Rand and US dollar. After their suspension, the lowest currency title was moved on to Iran. Here a question rises that Why a currency unit loses its importance and value? The answer is that different factors involved in many values declining like foreign and internal investments, government financial policies, country’s economy, shareholders, imports and exports and the role of a bank. All of these are responsible for effecting the money bill, both in a positive and negative way. 

Following is the List of Cheapest Currencies in the World:
1- Iranian rial (1 USD = 24,576 IRR)
2- Somali shilling (1 USD = 22000 SOS)
3: Vietnamese dong (1 USD = 20837 VND)
4: São Tomé and Príncipe dobra (1 USD = 18770 STD)
5: Indonesian rupiah (1 USD = 9593 IDR)
6: Belarusian ruble (1 USD = 8593 BYR)
7: Lao Kip (1 USD = 7966 LAK)
8: Guinen France (1 USD = 6692 GNF)
9: North Korean Won (1 USD = 6300 KPW)
10: Zambian Kwacha (1 USD = 5249 ZMK) 

Currently, Iran is holding the title of the lowest currency of the world. Iran is the 18th largest nation on the face of the planet by area wise, and it is situated in Western Asia. The total population of Iran is around 75 million. Tehran is the largest city and the capital of this nation. Their official language is considered to be a Persian. And here we come to the point that its official currency is Iranian Rial, known to be the cheapest value currency with the abbreviation of IRR.

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