10. ZAMBIAN KWACHA
This currency came into existence in the year of 1968 after the Zambian Pound was replaced. when 1.2 Kwacha had the value equal to 1 USD. But with the passage of time, unfortunately, the poor nation lost their currency value and it got a great downfall. Since Jan 2013, Zambia re-based their currency. Furthermore, it’s ISO code was also changed from ZMK to ZMW.
9. NORTH KOREAN WON
After Replacing the Korean Yen, North Korea introduced its new currency known as Won on December 6, 1947, but only for Korean inhabitants. While for the visitors and people having the other nationality, It issued separate currency notes and coins. Several currencies were introduced by Korea but it couldn’t stop the decline in the value and still, it is facing the continuous decline.
8. GUINEAN FRANC
This currency was formed in 1959 after replacing the CFA France that was being used by various African nations. Due to the highest poverty rates, inflation, and political instability being faced by the country, its official currency is continuously losing its value making it the eighth cheapest valued currency unit in the world. 1 USD = 6,692.6 GNF.
7. LAO KIP
This is the official bill of Laos which is doing its best to increase its currency value. Basically, this currency was introduced in 1952 and today still being used as the official currency of Laos. However, within the last four years, a Rise in the value has been observed. A value ascertaining report revealed that in 2009, one us dollar was equal to LAK 8,556.56 while now a day’s one USD is equal to LAK 7,966.
6. BELARUSIAN RUBLE
Hyperinflation, the uncertainty of political affairs and many other governmental issues affected the economy of the nation resulting in the value of its money begun decreasing. Belarusian Ruble was introduced as the currency in 1992. Due to several crises, its value is decreasing with every passing day. However, the government is taking some essential measures to get the value back and somehow has control on increasing or decreasing the value.
5. INDONESIAN RUPIAH
This is the officially used currency in Indonesia which is the largest Islamic nation. The Indonesian Rupiah came was introduced during 1946-1949 which was the revolutionary period for the nation. When Indonesia got independence, then in 1949, The Indonesian Rupiah was recognized as the official currency of the nation. Although its value is not strong and decreasing with each passing year, yet the country has a good and largest economy in Southeast Asia due to its strongest emerging market. An authentic report has shown in 2013, Indonesia will eliminate about 2-3 zeros from it and increase its face value.
4. SÃO TOMÉ AND PRÍNCIPE DOBRA
Probably there would be a great number of people who don’t even know it as an independent nation on the earth. It is a small island country situated on the western coast of the African continent. Before the discovery of oil, Cocoa production was the major source of its income. Later on, the recovery of oil reserves also let the people invest in the country and it also pumped the economy of this nation. However, the currency of this nation is not stable and getting its value down every year. And that is the major factor making it stands on the fourth spot of world’s least valued currencies.
3. VIETNAMESE DONG
Vietnam has not a good economy but it is doing much to make its economy one of the strongest economies and a prediction revealed that by 2025 it will be a fastest growing economy. However, still, its economy is not too good to circulate a strong valued currency. Currently, Vietnamese Dong is the 3rd cheapest valued currency on our list, It was introduced in 1978.
2. SOMALI SHILLING
Somalia is considered world’s most corrupt country due to its crimes rates, poverty, an unstable economy and many other factors involved in its economy. Due to its poorest and cheapest economy, its currency has a low value so placed on the second spot of this list. Somali Shilling is the official currency of this nation which was introduced in 1962. Since the civil war breakdown in Somalia, its currency rapidly got devaluation and still decreasing its value. And a major factor behind it is a newly recognized nation named Somaliland and their currency is also circulating in Somalia.
1. IRANIAN RIAL
At present Iran has the lowest worth currency in the world. It is located in Western Asia which is the 18th largest country in the world by its area. Its population is approximately 75 million. Tehran is its capital as well as the largest city. Persian is the official language. Its GDP is $990.219 billion. Its official currency is Iranian Rial which has the lowest value in the world. Its abbreviation is IRR. After the Islamic revolution, a new Iranian Rial was introduced in 1979. The major factor behind the great downfall in its value was the sanctions specially planned to put a pressure on Iran for stopping their nuclear program. However, the clash between Iran and United States was also a great factor. A recent prediction revealed that during the next three years Iranian Rial would be getting down its value.
|1.||Iranian rial||USD 1 = IRR 24,576|
|2.||Somali shilling||USD 1 = SOS 22,000|
|3.||Vietnamese dong||USD 1 = VND 20,837|
|4.||São Tomé and Príncipe dobra||USD 1 = STD 18,770|
|5.||Indonesian rupiah||USD 1 = IDR 9,593.0|
|6.||Belarusian ruble||USD 1 = BYR 8,593.0|
|7.||Lao kip||USD 1 = LAK 7,966.0|
|8.||Guinean franc||USD 1 = GNF 6,692.6|
|9.||North Korean won||USD 1 = KPW 6,300|
|10.||Zambian Kwacha||USD 1 = ZMK 5,249.9|
Top 10 Lowest Currencies Comparison & Rankings at Glance