Lowest currency in the world

Olga Protska Senior Content Writer & 2D Artist For example, British Pound Sterling, Swiss Franc (Swissie), US Dollar, Euro – these currencies are the most stable, as well as the countries issuing them ( But while making this list, we found it pretty hard to put the least valuable currencies in proper order, since the economic situation is changing rapidly in all these countries. However, it is possible to identify certain devalued national currencies at the moment. Thus, let’s look at the 10 cheapest foreign currencies against the US Dollar. The exchange rates of the least valued currencies were updated on 21 April 2023. #1 – Iranian Rial (~514,000 IRR/USD) Currency code – IRR. Iranian rial rates: 1 USD = ~514,000 IRR (US dollar to Iranian rial – black market rate). 1 USD = 42,285 IRR (US dollar to Iranian rial – official rate). 1 EUR = ~564,000 IRR (Euro to Iranian rial – black market rate). 1 EUR = 46,424 IRR (Euro to Iranian rial). The cheapest currency in the world is the Iranian Rial. Its devaluation started in 1979 after the Islamic Revolution when many businesses left the country because of the uncertain situation. Then came the Iran-Iraq War, and the economic sanctions because of the country’s nuclear program. The Iranian government also restricted access to foreign currency for their citizens, which led to the significant black market lift. All of this damaged economics and devalued the currency almost by 400%. In 2015, the Iranian government agreed to sign the nu...

ABUJA, June 7 (Reuters) - Nigeria's central bank allowed the naira to drop about 2% on the official market to a record low on Wednesday, but the currency's rate remained above where it trades at central bank auctions and on the black market. Nigeria is trying to find a way to unify its multiple exchange rate system, used to keep the naira artificially strong. New President Bola Tinubu told members of his governing party last week that the country would not have multiple exchange rates anymore. The naira fell as low as 475 naira to the U.S. dollar from Tuesday's trades of around 465 naira, before recovering to 466 naira. Traders said the central bank had allowed them to trade the currency as weak as 475 naira to the dollar on the official market, outside a previous band of 460 to 467 naira to the dollar. In the past, the bank has allowed the naira to weaken in 5 naira increments. The central bank has been adjusting the naira gradually on the official market to avoid a large-scale devaluation. The bank sold the dollar at Last Thursday, the central bank

Ray Liotta's cause of death confirmed a year after he died, more news The U.S. dollar is a powerhouse among the world's currencies: It's the money that's most traded on the global stage by a wide margin and is often used as a yardstick for comparing currencies. © Getty Top 10 Cheapest Currencies In The World In 2023 The greenback may not be the world's strongest currency"those bragging rights go to Kuwait's dinar"but it's up there near the top among the 180 or so traditional fiat currencies recognized as legal tender around the world. A fiat currency is money that isn't tied to the worth of a physical commodity like gold or silver. Load Error At the opposite end of the scale are the world's least valuable currencies, which trade at tiny fractions of a dollar. Often you need tens of thousands of units of foreign money to get just $1. We've identified the 10 weakest currencies in the world, based on their relative value against the U.S. dollar. How Is Foreign Currency Priced? The world's currencies trade in pairs. So, for example, you swap"more accurately, buy"U.S. dollars with Mexican pesos. This trading puts a price on one currency relative to another, and that price is called The majority of currencies are 'floating,' meaning their value moves around in response to supply and demand factors. But some currencies are 'pegged': Their value against another currency, like the dollar, holds steady at an agreed-upon rate. Exchange rates affect the cost of goods and services from...

US Dollar Exchange Rates Table Top 10 Jun 16, 2023 17:04 UTC US Dollar 1.00 USD inv. 1.00 USD Euro British Pound Indian Rupee Australian Dollar Canadian Dollar Singapore Dollar Swiss Franc Malaysian Ringgit Japanese Yen Chinese Yuan Renminbi Alphabetical order Jun 16, 2023 17:04 UTC US Dollar 1.00 USD inv. 1.00 USD Argentine Peso Australian Dollar Bahraini Dinar Botswana Pula Brazilian Real Bruneian Dollar Bulgarian Lev Canadian Dollar Chilean Peso Chinese Yuan Renminbi Colombian Peso Czech Koruna Danish Krone Euro Hong Kong Dollar Hungarian Forint Icelandic Krona Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Russian Ruble Saudi Arabian Riyal Singapore Dollar South African Rand Sri Lankan Rupee Swedish Krona Swiss Franc Taiwan New Dollar Thai Baht Trinidadian Dollar Turkish Lira Emirati Dirham British Pound Venezuelan Bolivar

• • Background • Lowest Currency List For those of you who want to immediately see the list without the need for a long check, here's the list, okay? No Code Name Currency and country Exchange rate with 1 USD Exchange rate with 1 Indonesian rupiah 1 IRR Rial Iran 42 105 IRR 2 IRR 2 VND Dong Vietnam 23 199 VND 1,64 VND 3 IDR Indonesian Rupiah 14 178 IDR 1 IDR 4 GNF Guinea Franc 9,230 GNF 0.65 GNF 5 SLL Leone Sierra Leone 8700 SLL 0,61 SLL 6 LAK Chicken Laos 8 575 LAK 0,60 LAK 7 UZS Like Uzbekistan 8,400 UZS 0.59 UZS 8 PYG Guaranteed in Paraguay 6,089 PYG 0.43 PYG 9 KHR Cambodian Riel 3,850 KHR 0.27 KHR 10 UGX Uganda Shilling 3,704 UGX 0.26 UGX Overview 10 Lowest Currencies in the World Money is the greatest invention in the world. Therefore we no longer have to worry about the need to barter or exchange goods. Now the problem is if the value of the currency falls, as is happening in Venezuela today. People no longer use money to buy things. They instead exchanged items such as water bottles to buy fresh fish. Interested in seeing the coverage? Let's see here Today, barter is happening in Venezuela. Check it out on Twitter.. Theoretical Background So, when it comes to theory. Then the exchange rate of a Currency or Exchange Rate is basically on the principle of Supply (Supply) and Demand (Demand). The higher the demand, the higher the exchange rate. But on the other hand, more supply than demand will cause the exchange rate of a country's currency to be low. What is meant by...

Last updated on: 7 January 2023 Imagine exchanging your ₹500 note and getting 2,50,000 worth of the local currency of some other country. Isn’t it a novel feeling? Your new ₹2000 note will make you a millionaire. The question is, “Where would you be a millionaire by exchanging a single banknote?” Which are these least valuable currencies in the world compared to the India Rupee? The Rates/Data are from Xe.com and Looking for the weakest currency in the world? Here’s a list of the top 10 cheapest currencies in the world updated till now. #10 – Iraqi Dinar (IQD) Currency Code: IQD 1 INR = 17.75 IQD The Iraqi Dinar is Iraq’s currency. It is issued by the Iraqi Central Bank and is subdivided into 1,000 fils, but since 1990, inflation has made the fils redundant. There’s been a lot of political instability in the country in the past decade. As of today, 1 INR equals to 18.25 IQD whereas 1 USD is equal to 1459.86 IQD. Related Post: #9 – Ugandan Shilling(USH) Currency code – USH 1 INR = 45.13 USH The Uganda Shilling was introduced in 1966 after it replaced the East African Shilling. The currency falls among the least valuable currencies of the world today. A country of East Africa, Uganda has witnessed a severe setback under the governance of Idi Amin. The president developed policies that negatively contributed to the country’s economy, including immigration policies. The impact of the economic weakening that occurred under the president is still creating obstacles in the countr...