There are some countries who are always in the limelight for their currency amounts and importance.There are certain countries with the cheapest currency value.The value of the currency is the biggest indicator o the country’s economy, its economic conditions, its foreign investment and its GDP rate.Mostly the currencies are measured regarding their powers while comparing them to US dollars while some compare to with sterling.
TOP TEN LEAST VALUED & CHEAPEST CURRENCIES IN THE WORLD- CURRENCY WITH LOWEST VALUES
Here is the list of top ten least and low valued currencies in the world which are very low traded and costed.
10. ZIMBABWE DOLLAR
It is also one of the cheapest currency in the world.300,000 ZWR dollars are equal to one us dollar.It was at one time the least valued currency, but they then started using the South African currency of rand and came on the tenth or much-improved spot.
9. COSTA RICA COLON
The currency of the Costa Rica is called as the colon.But the colon value is very low.Although normally the people of the Costa Rica uses colons but still its too low that a person may get 570 of the colons in return for 1 dollar.
8. PARAGUAYAN GUARANI
Paraguayan Guarani is the eight most cheapest currency; 4,645 PYG equal to one dollar. Guarani was issued in the year 1944.And it replaced the peso. The central bank of the Paraguay.It first introduced banknotes in 1943, and its coins were introduced in the year 1944.
7. GUINEAN FRANC
Guinean franc is the seventh most cheapest currency bill. It is equal to 6,778 to one us dollar. The first currency was issued in the shape of the coin 1959 by replacing the CFA franc with the series of 1,5, ten and twenty-five.In 1985 furthermore banknotes were developed of 50,100.500.1000, and 5000.
6. LAO KIP
One Lao Kip comes to sixth place in the list of world cheapest currencies. It is worth of 7,990 LAK in comparing to a dollar. The country first issued the bank notes in 1945 but it was occupied by the French army and then the after the French army left the country reinforced the same currency in 1952. The biggest of the banknotes of the country is 100,000.
5. BELARUSSIAN RUBLE
Belarus ruble is the fifth most cheapest money bill. It costs 9,898 BYR in competition to one dollar. In 1992 the country first issued its bank note and the major coins were introduced in 1996.The bank note of Belarus ranges from 500 up to 5,000,000.
4. INDONESIAN RUPIAH
The Indonesian rupiah is the fourth most cheapest money bill and has the value of 12,202 idr that then becomes equal to one dollar. Rupiah has the coins ranging from 50 to 1000 and the banknotes comprise of 1000 to 100,000.Recently the government has cancelled the 1000 rupiah note and has issued a 2000 rupiah note.
3. SÃO TOMÉ AND PRINCIPE DOBRA
Sao Tome and Principe has the 3rd most cheapest currency in the world. It is a small island that is very infamous.Its currency values 17,917 std is equal to one dollar. These are two islands with the area of 1,001 km.It in 1975 gained freedom from the Portugal and after independence the coins of 1,2,5,10, and twenty-five were issued, The country’s bank notes were also introduced also in the year of the independence.
2. VIETNAMESE DONG
The Vietnamese are the poor country with Hanoi as the capital city. It has the 2nd most world cheapest currencies. The name of the Vietnam’s currency is Vietnam Dong. It introduced the dong for the first time in 1946. And replaced the French Indochinese piaster. The first note of the currency was issued in 1976, but the dong has been least rated since the day of its inception.
1. IRANIAN RIAL
The Iranian rial is the most cheapest of the world’s currency. One us dollar is equal to the 24,875 Iranian riyals.The value so less of the Iranian riyal is due to its relation to the US and the global economic sanctions that had been imposed on it along with its restricted transactions.