Currencies

Cheapest Currency In the World

cheapest currency

Different nations have different currencies with differences in their values based on the outcomes of economy and financial system of the country.On 1st of March 2013 a list of 42 countries was prepared which have the cheapest valued currencies in the world. These currencies are compared to the U.S.D (United States Dollar) until April 2007; Zimbabwean Dollar was the lowest and cheapest bill in the world, So they suspended their official currency and start using USD and South African Rand. then the title of lowest valued currency was given to Iran. can you answer why currency-unit loses its value and importance? The answer is simply easy, actually following factors are responsible for money value decline: government financial policies, internal and foreign investments, share holders, country’s economy, role of banks, import & exports : All of these effect the money bill, either in positive or negative way.

Top 10 Lowest Currencies Comparison & Rankings at Glance

CURRENCIES

RankCurrenciesComparison with
U.S dollar
1.Iranian rialUSD 1 = IRR 24,576
2.Somali shillingUSD 1 = SOS 22,000
3.Vietnamese dongUSD 1 = VND 20,837
4.São Tomé and Príncipe dobraUSD 1 = STD 18,770
5.Indonesian rupiahUSD 1 = IDR 9,593.0
6.Belarusian rubleUSD 1 = BYR 8,593.0
7.Lao kipUSD 1 = LAK 7,966.0
8.Guinean francUSD 1 = GNF 6,692.6
9.North Korean wonUSD 1 = KPW 6,300
10.Zambian KwachaUSD 1 = ZMK 5,249.9
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