Money, money, everyone needs money. And the more there are, the better. Every country uses some kind of currency. But not every country considers you rich if you have millions. Let's see the list of the cheapest currencies in the world, i.e. the cheapest currency against the ruble. Yes, it turns out there are many countries with such a cheap exchange rate for a currency that is hundreds of times less than the ruble in value. So here is a list of the cheapest currencies in the world in descending order.

1. Vietnamese dong (VND). Vietnam has the cheapest exchange rate. Translated as "Copper". It was born after the unification of North and South Vietnam in 1978. But despite the fact that Vietnam has its own currency, they use dollars with great pleasure. Today, 1000 Vietnamese dong cost only 1.37 rubles, i.e. for 1 ruble you can get 729 dong.

2. Dobra Sao Tome and Principe (STD). This African country is almost the leader among suppliers of coconuts, and they are not lagging behind in the supply of coffee. But their currency is so cheap that 1000 STD can be exchanged for only 1.64 rubles, i.e. 1 ruble=608 STD.

3. Iranian rial (IRR). Money in this country is worth almost nothing, and the main unofficial currency is rather oil). 1000 Iranian reals cost only 2.45 rubles, i.e. 1 ruble=407.5 IRR.

4. Indonesian Rupiah (IDR). Indonesia is the largest Muslim country, and Bali is in Lately became very popular among tourists, but this did not affect the currency in any way. For 1000 IDR they ask for only 3.28 rubles, i.e. 1 ruble=305 IDR.

5. Lao Kip (LAK). If you come to Laos and exchange your money for theirs local currency, then before leaving, do not forget to change the remaining currency back, because... No one will ever exchange it for you in any other country. For 1000 LAK they ask for 3.5 rubles, i.e. 1 ruble=285 LAK.

6. Belarusian ruble (BYR). Brotherly people. When I exchanged my first money upon arrival, I immediately became a millionaire. Only banknotes are in use, i.e. You won't find a single coin. Today, 1000 BYR costs 3.62 rubles, i.e. 1 ruble=276 BYR.

7. Guinean franc (GNF). Oddly enough, the country that mines gold and diamonds is included in the ranking of the cheapest currencies in the world. For 1000 GNF you can get 4.15 rubles, i.e. 1 ruble=241 GNF.

8. Zambian Kwacha (ZMK). The Kwacha has been the currency of Zambia since 1968. Translated into Russian it means “Freedom”. But this currency will not hang on this list for long, because... denomination is coming and the kwacha will lose three zeros. In the meantime, 1000 such kvachas cost 5.84 rubles, i.e. 1 ruble=171 ZMK.

9. Paraguayan Guarani (PYG). This is a very poor country, probably with the highest levels of unemployment and poverty. No wonder they have this cheap currency. For 1000 guarani they ask for 7 rubles, i.e. 1 ruble=142 PYG.

10. Somali shilling (SOS). The currency in this famous pirate country has been in effect since 1962 and is constantly falling in value. For 100 SOS you can get 1.75 rubles, i.e. 1 ruble=57 SOS.

11. Mongolian tugrik (MNT). Means "Circle" or "Coin". Introduced into circulation in 1925. Today, for 100 tugriks you can get 2.27 rubles, i.e. 1 ruble=44 MNT.

12. North Korean won (KRW). Introduced into circulation in 1902 and like the yuan, yen and tugrik, it means the word “round” or “coin”. Today 100 won costs 2.78 rubles, i.e. 1 ruble=36 KRW.

As is known, money is a specific, maximally liquid commodity, which, in turn, acts as a universal equivalent of the cost of other goods and services. Today there are about 180 currencies in the world. These are monetary units with different purchasing powers and different exchange rates.

The question: what is the cheapest currency in the world is of interest to us rather as a statistical indicator. That is, no matter how much this or that paper unit depreciates, in general, in any case, its value will always be within a certain range.

However, if for some reason there is inflation of a currency, then it is very likely that cheaper money will become much more valuable. At the same time, all this does not apply to the cheapest currency in the world, since it itself is at the very end of the ranking.

A little history

It is easy to understand that money is a very changeable commodity, which, in turn, has been constantly changing throughout its existence, and right up to the present day. At the same time, each editing of money concerned both the cost and appearance currencies and their significance.

Finding out how and when money appeared will be useful to all people working in financial fields. This, in conclusion, will make it possible to understand which is the weakest currency unit in the world.

1944

From the time people began actively printing paper (and metal, but not precious metals) money until 1944, the “gold standard” was used to value currencies. In 1944, in Bretton Woods (a resort town in the USA), the “gold standard” system resigned and was replaced by new system, which equated the US dollar to gold, which made American money an international means of payment.

In addition, based on the Bretton Woods agreements, international financial institutions were established:

• IBRD - International Bank for Reconstruction and Development;
• IMF - International Monetary Fund.

These financial enterprises operate successfully today. What has changed is that these two institutions have become even more important for the global sphere of finance, since in modern world money solves literally any problem. We can say that it was the Bretton Woods agreements that formed the basis of the global financial market.

1978

In 1978, the second amendment to the Bretton Woods agreements was adopted, which legalized the regime of floating exchange rates. From this moment on, rates are formed exclusively by the market and are not directly linked to gold or any other means of payment.

Of course, when assessing the value of any monetary unit, the gold and foreign exchange reserves of the state are taken into account.

The floating exchange rate regime has somewhat complicated the calculation and, even more so, forecasting of exchange rates.

If you look at everyone's financial status separate state, this especially applies big countries world, it becomes clear that, due to the domestic currency used, some countries have smaller budgets than others. At the same time, each monetary unit has its own value rate, which increases or decreases in relation to the US dollar due to certain factors.

Today

To date, the situation with exchange rates in the world has not changed radically. In every civilized state, the entire budget has a unique value, corresponding to the dollar.

The only possible change is possible, according to forecasts, in 2017, when a truly large-scale collapse of the dollar occurs. In this regard, the value of other currencies, including the Russian ruble, will significantly increase.

To say for sure what the cheapest currency in the world will be this moment extremely difficult. However, now you can easily find the top 10 cheapest currencies in the whole world on the Internet.

Rating – 10 cheapest

In order to understand what a particular monetary unit is, it is recommended that you familiarize yourself with the top 10 cheapest currencies from around the world. By the way, you should not be surprised that in this top you most likely will not find money that is widely known to you, for example, the ruble or dollar, since these units have an increased value, unlike those presented.

• Rial;
• Dong;
• Dobra Sao Tome and Principe;
• Rupee;
• Ruble (Belarusian);
• Franc;
• Guarani;
• Tugrik;
• Shilling.

Each currency is tied to a specific country and has unique features, regardless of cost.

When getting acquainted with this top, do not forget that the cost of each named currency unit is extremely relative. That is, at the time you read the article, the value of a particular hard currency may change beyond recognition. And although it is almost impossible to increase the value of any money from this top, this should not be translated into an absolute.

Iranian rial (IRR)

It is strange to see a Middle Eastern currency on the list of the cheapest money in the world. Its neighbors are the monetary units of such states as:

• Kuwait;
• Bahrain.

These hard currency units top the world list expensive money. Iranian rial is the cheapest money. This is one of the most ancient monetary units on the planet.

Issued into circulation in 1798 as National currency Persia, since 1932 - the main money of Iran. The main reason for such cheapness of the national hard currency is the fact that Iran makes all payments for exported oil in US dollars.

1 Russian ruble costs 752 rials.

Vietnamese dong (VND)

The name itself means “Copper”. It was put into circulation in 1978, after the unification of South and North Vietnam.

Today 1 dong costs 0.0016 Russian rubles. One ruble can buy 625 dong.

Average Russian pensioner- Vietnamese millionaire. This value of the currency is explained, first of all, by the weakness of the Vietnamese economy, which only stabilized and began to develop in the last decade.

Dobra Sao Tome and Principe (STD)

This Central African country is a leading supplier of coconuts and coffee. The national currency was put into circulation in 1977.

Good rate = 0.00189 rubles, i.e. 1 ruble=529 STD

Indonesian Rupiah (IDR)

Indonesia is the largest Muslim country. The island of Bali has long been a favorite holiday destination for tourists from all over the world. Such rapid development tourism business in Indonesia, not least due to the weakness of the national currency.

1 ruble = 340 rupees.

Laotian kip (LAK)

It was introduced into circulation in 1955.

1 ruble = 238 Kip.

Belarusian ruble (BYR)

It was introduced into circulation after the collapse of the Soviet Union and today is the cheapest currency of the republics of the former USSR. The Belarusian monetary unit is highly dependent on its “big brother” the Russian ruble.

1 Russian ruble is equal to 300 Belarusian rubles.

Guinean franc (GNF).

Another “misunderstanding” is this list. Diamonds and gold are mined in the country, and money is one of the cheapest in the world. As in the case of the Iranian currency, this is explained by the fact that the national hard currency is practically not used in international payments.

Today, 1 Russian ruble costs 204 Guinean francs.

Paraguayan Guarani (PIG)

Paraguayan money is naturally on the list of the cheapest currencies in the world. Paraguay's economy has been in a state of depression for a long time. It has one of the highest rates of unemployment and poverty in the world.

1 Russian ruble costs 125 guarani.

Mongolian Tugrik (MNT)

Translated as “circle” or “coin”. In circulation since 1925.

Today the Russian ruble is worth 53 tugriks

Somali Shilling (SOS)

It is symbolic that even the abbreviation of the Somali currency is associated with a maritime disaster. Long gone are the times when privateering significantly strengthened the economy of a pirate state.

The Somalis were several centuries late and therefore today their currency is cheap and extremely unstable.

The Russian ruble is worth up to 15 Somali shillings.

Conclusion

A cheap currency is typical for economies that do not demonstrate dynamic growth and, moreover, have one distinct specialization. Eg:

• Iran is an oil-producing (not even oil-refining) industry;
• Indonesia - tourism.

Also low cost currency often indicates that this monetary unit is in little demand on the world market. This means that the external economic activity of such a country is served by the hard currency of another state. Most often this is the US dollar, which until recently was the only currency used to pay for oil and petroleum products.

It is difficult to unambiguously answer the question of what a monetary unit should be - expensive or cheap. Even tracing a clear relationship between the value of a currency and the state of the economy is not easy. For example, the most dynamically and systematically developing economies are based on hard currency in the middle price segment (i.e., not the most expensive and not the cheapest). At the same time, the currencies of the two leaders in global oil exports are at opposite poles of the rating:

• The Iranian rial is the cheapest currency;
• The Kuwaiti dinar is the most expensive hard currency against the dollar.

Obviously, the value of money is not directly related to its reliability. And in order for the economy to develop dynamically and in a multi-vector manner, thereby insuring itself from crises, the currency must be stable and the state’s financial policy flexible.

Notes

Do not forget to get acquainted with modern exchange rates yourself, using special services on the Internet.

Don’t forget that there has always been and will be the cheapest money in the world. However, the global financial situation is constantly changing, because of which, already in 2017, the rates of all currencies in the world may change radically, since according to the forecast, the dollar should collapse soon.

Although the cheapest currencies in the world are profitable in relation to the ruble, you will be able to make a lot of money from this. In any case, everything comes down to dollars, in comparison with which, today, even the ruble is inexpensive.

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22.11.2019 at 13:12 · VeraSchegoleva · 7 180

Top 10. The cheapest currency in the world against the ruble

Most people know about the world's strongest, most stable and powerful currencies: dollars, euros, pounds and Swiss francs. These currencies are the most stable, as are the countries that issue them. However, what about the world's least valuable currencies? Who knows their names and in what countries they are produced?

A low exchange rate can be a consequence of various economic downturns, such as war, a decline in GDP, falling prices for goods that make up the majority of exports, a fall in purchasing power, tight credit conditions, instability in domestic politics, etc.

Currency depreciation is often associated with poorly managed monetary policy and fiscal control decisions (Central Banking System).

In compiling this list, we found that it is definitely difficult to get the least valuable currencies in order due to the fact that the economic situation in all these countries is changing rapidly. Since this post further enlightens you on the value of your country's currency, we are sure that you have now realized that something that seems like a phantom in one country may turn out to be a wreck (or any worthless object you might mention) in another country.

However, it is currently possible to identify some devalued national currencies. So, let's look at the 10 cheapest foreign currencies (values ​​are given in relation to the ruble).

10. won, 0.05 rub.

Won is the official currency used in North Korea. The North Korean won is made up of 100 subunits known as jeon. The won was introduced in 1947 and replaced the Korean yen.

The won is used exclusively local residents with foreign visitors. Years of foreign sanctions and poor management led to high inflation in , which eroded the value of winnings, forcing the Central Bank of the Democratic People's Republic of Korea to issue notes up to 5,000 won.

9. Kyat, 0.04 rub.

Myanmar is located in the Southeast mainland. In 1989, the ruling military government changed the country's name to Myanmar instead of Burma. However, the adjective description is still Burmese and not Myanmarese.

Kyat is the official currency of Myanmar. It consists of 100 coins, quite limited in use throughout the country. The first kyat was issued in the form of gold and silver coins until 1889. But the Indian rupee was established as the national currency when the British conquered the country in 1942.

The kyat currency was reintroduced to replace the rupiah in 1943, but the rupee did not return to circulation again until 1952, when the current Myanmar kyat was introduced into the Burmese economy.

8. Cambodian riel, 0.016 rub.

Cambodian riel is the currency of the monarch state in South-East Asia. It is widely believed that the currency's name comes from the Mekong River, riel ("small fish" in Khmer). It is more likely that the name comes from the Mexican name for high-silver coins used by Malay, Indian and Chinese merchants in mid-19th century Cambodia.

The KHR has a low exchange rate and is very unpopular, so most of Cambodia prefers the dollar.

7. Uzbek sum, 0.01 rub.

In the Soviet Union, speakers of Kazakh, Kyrgyz and Uzbek languages ​​called the ruble som, and this name appeared on the back of banknotes, among the texts for determining the value of the account on all 15 official languages Union.

The country created its own national currency - Uzbek sum, which is still falling in value. High taxes, inflation, corruption and political restrictions have led to a significant decrease in the price of this currency on the world market.

6. Guarani, 0.01 rub.

Paraguay is the second poorest country in South America. It is characterized by what can be called a catastrophic economic downturn. The country has been the victim of terrible economic failure, catastrophic inflation, unchecked corruption, poor quality of education and high unemployment.

Because of low level economic development that prevails in this country, the value of the Paraguayan Guarani suffers greatly. The country is an exporter of soybeans and cotton. However, the income generated from these exports is barely sufficient to cover the high cost of importing them. As a result, the Paraguayan guarani is one of the cheapest currencies in the world.

5. Laotian kip, 0.008 rub.

The only currency on the list of the world's cheapest currencies that has not depreciated is Laotian kip. As the only currency that was initially introduced at a very low rate, this currency suffered from a very low exchange rate for many years.

Since 1952, the year it was issued, the Laotian kip has failed to strengthen against the value of the dollar. Despite this fact, the value of this currency continues to improve gradually.

4. Guinea franc, 0.007 rub.

Guinea, an African country with high inflation, growing poverty and prevalence, has long suffered from the devaluation of its national currency.

The most amazing aspects of this state are the natural ones, such as precious metals and metals, which are found in abundance here. With all these resources Guinean franc must be very valuable. Unfortunately, it is not.

3. Rupee, 0.005 rub.

Due to the low cost of old-style banknotes, by presidential decree of September 5, 2016, 7 new banknotes were issued in denominations from 1 to 100 thousand Rs..

Indonesia is economically stable and reasonably developed country in Southeast Asia. However, her money has an extremely low exchange rate. The country's authorities are making efforts to strengthen the national currency, but all their efforts have led to only minor changes.

2. Vietnamese dong, 0.003 rub.

The second most devalued world currency is Vietnamese dong. Vietnam is still on the path of complete transition from a centralized economic system to a market economy. As a result, the Vietnamese dong is the currency that is worth the least.

Extremely devalued relative to other world currencies, it has one of the lowest exchange rates of any country except Iran. However, currency experts assure that Vietnam's economic policies are on the right path to growth and will soon catch up with its neighbors. Soon, the Vietnamese dong may not even be ranked as the cheapest currency in the world.

1. Iranian rial, 0.0016 rub.

Iranian rial officially the least valuable currency in the world. To simplify calculations, citizens often use the term Toman, which means 10 rials. If you are asked to pay 200 tomans, that means your bill is 2000 rials.

The Iran-Iraq War, threats to Israel, and the possibility of nuclear missiles threatening the world from the Iranian government have led the world's superpowers to impose economic and political sanctions. These measures included restricting Iran's access to the global commodity market and led to a significant decline in their economy.

Being an oil exporter, Iran could no longer export its oil, which created a critical deficit in their national budget. All this has led to the Iranian rial becoming the “worst” world currency.

In 2016, the US and EU lifted a number of sanctions, improving the economic situation and stabilizing local money, but in 2018 the US reimposed and tightened its sanctions.

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The more money you have, the better. A significant part of the population thinks so globe. However, this does not mean at all that if you have millions in your hands, then you are rich. It all depends on what currency these millions belong to. So in the country of Zimbabwe, almost every resident had banknotes worth 100 trillion Zimbabwean dollars at home, but it was almost impossible to buy anything with them. This currency is considered the cheapest in the world.

Today, this cheapest currency in the world has been completely withdrawn from circulation. The ban on using one's own banknotes in settlements came into force in 2009 on June 30. The reason for this was the collapse of the Zimbabwean economy, which experienced several currency devaluations. In 2008, inflation growth reached a record level for global economic practice of 231 million%. And this is only official data. Other unofficial sources claim that inflation has reached an incredible 6.5 quinquatrigintillion percent.

A little about the fall of the Zimbabwean economy and the fate of the Zimbabwean dollar

In 1980, Zimbabwe declared itself an independent state. And a year later it introduced its own currency – the Zimbabwean dollar. It was offered to the population as an alternative to the banknotes of another state that were in circulation at that time - the Rhodesian dollar.

At that time, the state of Zimbabwe was considered one of the most developed and successful among others located in Africa. Fields were cultivated, crops were harvested, and the products grown were effectively exported abroad. The main export goods were tobacco, tea, cotton and sugar cane. In addition, wheat and corn fields were cultivated here, as well as vegetables for the domestic market.

21.6% of the country's GDP came from industry (processing of agricultural goods, tobacco and textile factories, production of car batteries). Minerals, including gold and diamonds, were mined on a large scale in Zimbabwe.

True, the local black population, despite the economic development of the country, remained below the poverty line. All profits were received by white-skinned farmers - owners of developed farms. This fact inevitably led to clashes of interests of different sectors of society, the coming to power of the new Mugabe government, and reforms that were disastrous for the country’s economy. In just 8 years (2000-2008), the country turned into an importer of necessary food products and the poorest state on the continent.

The Zimbabwean dollar is only a souvenir

In 2009, Zimbabwe's own currency depreciated so quickly that commodity prices rose throughout the day. Taking into account the current crazy inflation, we can give the following example: in the middle of the day, a standard can of cola in a store cost 100 billion Zimbabwean dollars, and after a few hours it was impossible to buy it for less than 150 billion dollars.

The government decided to stop using the national currency, by that time already the cheapest in the world, and to carry out all payments in the harder currencies of neighboring countries and American dollars. This step turned out to be life-saving, and Zimbabwe’s economy slowly began to rise, although the country still maintains its position as one of the most backward states on the African continent.

And banknotes of the Zimbabwean dollar, this cheapest currency in the world, today can only be brought back from a trip to this country as a souvenir. Tourists and collectors are happy to purchase this symbol of an unprecedented economic crisis.

The main economic indicator of the state is the exchange rate, which is in constant dynamics under the influence of many factors. Thus, the decrease in the value of the national currency is influenced by:

High inflation in the state;

Unemployment;

Lack of balance between imports of goods and exports;

Unfavorable political situation.

The presence of all of the above factors in a country leads to the fact that a larger amount of national currency is required to purchase foreign currency. This, in turn, entails a loss of trust local population to the state currency. There are countries all over the world whose currencies are recognized as the cheapest in relation to the US dollar. In this article, we will look at the ten cheapest exchange rates and find out which currency is cheaper than all the others.

So, let's start with the last, tenth place, which was taken by the Colombian peso. If Colombians want to purchase a certain amount of US dollars, then 1 dollar will cost them 3070 pesos. The predecessor of this currency is the Spanish peso, which was introduced in South America in the Middle Ages in connection with the appearance of the Spaniards in the state. The country is constantly in difficult economic situation, which ultimately caused the loss of the gold component, and after some time the silver component was also lost. Thus, money ceased to be backed by precious metals, and, therefore, ceased to be convertible. One peso is equal to 100 centavos, but this name can only be found in official documents. In fact, there is no centavo in everyday life due to the depreciation of the main currency.

Ninth place belongs to the Cambodian riel with a value of 4072 units per 1 US dollar. Currency first appeared in Cambodia in 1955. The currency was reintroduced in the state in 1980, however, it never gained popularity. Money was abolished in the country in the 1970s, after which they began to pay for goods and services in rice, as well as Thai and Vietnamese money. However, Cambodians prefer to pay with American money. National banknotes are used as currency for the dollar, euro and pound. It only takes one day to change the riel exchange rate. Tourists coming to Cambodia exchange dollars for riel in very small quantities, since it is impossible to change back.

In eighth place is the Paraguayan Guarana. 1 dollar can be purchased for 5678 guarana. The predecessor currency of the guarani was the peso, which was in use until 1944. Name new currency comes from an Indian tribe that lived in Paraguay before it was conquered by the Spaniards. State currency Paraguay has depreciated as a result of huge inflation, which has led to the fact that coins up to 10 guarani have become so cheap that you can hardly see them in everyday life. Of course, history played a role in the depreciation of the Paraguayan currency. After all, the country was constantly leading civil wars, changes in power happened one after another, as a result of which the country found itself on the verge of poverty. During the entire existence of the Paraguayan guarani, there were two attempts by the state government to re-denominate the currency, however, after this there were no improvements, but on the contrary - the situation worsened even more, the currency completely depreciated. The last issue of Paraguayan government money was made at the Slovak mint.

An honorable seventh place, occupied by another cheap currency, is occupied by the Guinean franc. If you try to buy 1 dollar for it, you will have to spend as much as 7358 Guinean francs. The currency is national in Guinea. It was introduced in 1960. This event was a step towards state independence, as well as getting rid of regional money. Three years after the introduction of Guinea's national currency, reform was carried out because the country had discovered a large number of counterfeit bills. In 1972, changes occurred in the country again, which consisted of replacing the franc with a new unit - the force, which depreciated 14 years later. After this, the franc returned to use. Despite the fact that the franc is the cheapest currency, it is a unique banknote, since absolutely all franc banknotes do not contain any images of politicians, national figures, or any male portraits. All francs feature portraits of smiling women in national headdresses.

The Laotian kip is recognized as an even cheaper currency. 1 dollar can be purchased for 8116 Laotian kip. Despite the fact that the currency was introduced in 1955, banknotes appeared in use only in 1957. In the same year, the war that unfolded in Laos was ended. 60 years have passed since the end of the war, however, during its course such economic damage was caused that the country still cannot restore industry and infrastructure, and the currency continues to depreciate. Thus, coins in everyday use are a huge rarity, since they have completely lost their value, with the exception of collectors.

The Indonesian rupiah ranks fifth in the ranking of cheap currencies in the world. One dollar can be purchased with 13,614 rupees. The currency appeared in 1945 as a result of the end of the War of Independence. For four whole years, the Indonesian rupiah, along with the Dutch guilder and the Japanese rupiah, was in use. However, due to inflation in 1965, the rupee was reissued. The rupee exchange rate fell sharply due to the financial crisis that occurred in Asian countries. This was a fatal event for the Indonesian rupiah, as it was never able to recover from the crisis.

The fourth place is given to the Belarusian ruble with a price of 19,775 units per 1 US dollar. The Belarusian ruble was introduced as the national currency in the state after Belarus gained independence in 1993. He experienced denomination twice - in 1994 and 2000. The first denomination was 10 times, and the second - 1000. Until 2014, the ruble to dollar ratio was stable, but the rate began to creep down after the fall of the Russian ruble.

Dobra Sao Tome and Principe is among the top three most expensive currencies peace. $1 buys 1,975 units. The currency was introduced by a Portuguese bank in 1977, since the island was a Portuguese colony. The export of cocoa beans is the main economic component of the country. However, drought, which lasted for several years in a row, caused a significant decrease in the amount of cocoa beans sold. As a consequence, the country became insolvent. Over the past ten years, the republic has not paid its external debt.

“Silver” belongs to the Vietnamese dong, which took second place in the ranking. With 22,423 Vietnamese dong you can buy 1 US dollar. It became the national currency after the country's liberation from France in 1945. The currency depreciated as a result of numerous issues and devaluations that accompanied the dong throughout its existence.

And finally, the cheapest currency in the world is the Iranian rial. It is he who holds the palm among all other currencies. When buying 1 US dollar you will have to pay 30,366 rials. Despite this ratio of its exchange rate to the dollar, the value of the rial continues to decline. This situation was a consequence of internal inflation in the state, as well as international sanctions that were imposed on Iran. The first collapse of the Iranian currency occurred in 2002, when the United States declared Iran a source of a nuclear threat, thereby dooming it to economic isolation. The country's foreign currency reserves have decreased significantly, and, as a result, the national currency has suffered severe damage. The rial experienced another decline in 2012, when its position was undermined by the distrust of the local population. By the way, to this day, Iranian residents prefer to keep their cash savings in foreign currency.