1.IRANIAN RIAL
The Iranian Rial is the currency of Iran and it is the weakest currency in the world. 32,037
Iranian
Rial is exchanged with 1 US dollar. This is an irony considering the
fact that Iran is blessed with oil. But then, the Iran-Iraq war, Israeli
attack as well as the sanctions (very important one is not being able
to export oil) from the world superpower are the reason for making the
Iranian currency weak.
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2. SAO TOME AND PRINCIPE DOBRA
The
Sao Tome and Principe Dobra is the official currency used in Sao Tome
and Principe, Island countries in West Africa. These countries are into
the exportation of Coffee, Cocoa and Coconut. The profit generated from
these is not enough to supporting the economy at the appropriate level.
The currency is exchanged 23,081 Sao Tome and Principe Dobra to 1
USD.There’s hope for this currency to increase in strength as oil had
been discovered in Sao Tome.
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3. VIETNAMESE DONG
The Vietnamese Dong is the third lowest
currency in the world, it is the currency of
Vietnam, a socialist country in South East Asia.
22,482 Vietnamese Dong is exchanged with
one
dollar. Vietnam is still on its hard path from the centralized economy
type to the market one and consequently, it currency almost devalued
today. However, experts insist that Vietnamese Government is going the
right way and soon it can catch up with its closer Asian neighbors.
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4. BELARUSIAN RUBLE
Belarusian republic is the emigrant country
after USSR collapse in 1992. This country
created its own national currency known as
Belarusian Ruble that is still falling as per its
exchange rate (currently, 1 USD = 20,486
Belarusian
Ruble). High taxes and inflation as well as corruption and political
restrictions led to significantly low price for this currency
inside the global market.
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5. INDONESIAN RUPIAH
Unexpected on ourlist of top 10 lowest
currency
in the world. Simply put, Indonesia is economically stable and
developed country in South East Asia, though the currency has a low
exchange rate, despite all effort to make it strong by the economic team
of the country. A USD is worth 13,425 Indonesian Rupiah.
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6. LAO KIP
Lao Kip was initially introduced with a
very low exchange rate. 8,263 Lao kip is
exchanged with 1 USD. In recent years, this
currency is gradually increasing in value.
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7. GUINEAN FRANC
The Guinean Franc is the currency of Guinea,
country in Africa. Considering the natural
resources of the country such as gold, adamant and aluminum, the country’s
currency is supposed to be of high value but
due
to the high inflation rate as well as the progressing poverty and
gangsters prosperity,the currency is being devalued. 9,120 GuineanFrancs
are exchanged for 1 USD.
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8. PARAGUAYAN GUARANI
Paraguay is the second poorest country in
South
America. It is characterised by what can be said to be a disastrous
economic downturn. High rate of inflation, corruption, low education
quality, enormous number of poor people, high unemployment rate, etc are
the problems bedeviling the country. Paraguay exports cotton and
soybean but this is hardly enough to cover expenses. 5,757.5 Paraguayan
Guaraní is equal to 1 USD.
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9. SIERRA LEONEAN LEONE
Sierra Leone is a very poor African country
which
handled out many serious tests and this caused the local currency to
devalue. The country has also experience war and also the outbreak of
the Ebola Virus. 5,605 Sierra Leonean Leone is exchanged with 1 USD.
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10.CAMBODIAN RIEL
The Cambodian Riel is the currency of Monarch State in South East Asia.
Currently tenth on our list of top 10 lowest currency in the world, It
was implemented in 1995 to change Indochinese Piaster. Even when it was
introduced, Riel had a low exchange rate and was not popular among
locals who had decided to use foreign currencies (USD) for payment. This
had led to the currency being devalued. 4,016 Cambodian Riel is
exchanged for 1 USD.
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