What is the smallest currency. What is the cheapest currency in the world. Currencies that have undergone denomination
The currency of Zimbabwe is the dollar (ZWL). This currency was banned in 2009. Incredibly, in June 2009, one American dollar was worth about 45,000,000,000 Zimbabwean money. Now the US dollar and the South African rant have become the currency of account in Zimbabwe because the inflation rate in this country is through the roof.
The currency of Iran is rial (IRR). One US dollar costs approximately 26,931 IRR here. The country has been living under harsh economic sanctions imposed by Western countries for many years, and Iran’s economy has still not recovered from the bloody Iran-Iraq War.
The currency of Vietnam is dong (VND). One dollar here costs 21,388 VND. The economic policy of the Vietnamese government deliberately keeps the national currency at a low level. This helps increase exports and ease the transition from a planned economy to capitalism.
The currency of Indonesia is the rupiah (IDR). In that island state at the end of 2014, one US dollar was worth 12,336 rupees. According to international experts, Indonesia's main problems are high level corruption, poor infrastructure, unfortunate geographical position and bureaucracy.
The currency of Belarus is the ruble (BYR). In the Republic of Belarus, the national currency exchange rate is set by the National Bank. One dollar here costs 10,950 BYR. In December 2014, this country introduced a 30% tax on foreign currency purchases. It turns out that the real exchange rate of the Belarusian ruble against the dollar is approximately 14,236 BYR.
The currency of Laos is the kip (LAK). One US dollar – 8,077 LAK. The economy of Laos is based on agriculture. The majority of the population here lives from rice cultivation. Laos is experiencing economic growth, but it is being hampered by the country's aging infrastructure and the lack of electricity in some regions of Laos. Currently, the country lives on economic assistance from foreign countries.
The currency of Guinea is the franc (GNF). The US dollar here costs 7,030 GNF. Guinea is rich in natural resources, but a huge constant influx of refugees from neighboring countries– Sierra Leone and Liberia are creating economic difficulties. Guinea has also experienced outbreaks of Ebola.
The currency of Zambia is the Kwacha (ZMW). Zambia's economy is entirely dependent on world copper prices. More than 80% of this country's exports come from the sale of copper ore.
The currency of Paraguay is guarani (PYG). One US dollar in December 2014 was worth approximately 4,619 PYG. Paraguay is an exporter of cotton and soybeans. The country has an extremely high level of corruption and massive impoverishment of the population. A huge problem on a national scale is the very low level of education of Paraguayans.
The currency of Sierra Leone is (SLL). In December 2014 it was approximately 4,315 leones. This African country is in a deep economic crisis that has lasted here for decades. IN Lately Sierra Leone is battling the Ebola epidemic. Despite the fact that the country exports coffee and cocoa, the forecasts of leading economists for this state are extremely disappointing.
The more money you have, the better. This is the opinion of a significant part of the world's population. 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 one cheap currency completely withdrawn from circulation in the world. 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 globe is already inhabited by seven billion people - inhabitants of hundreds of countries, the names of some of which are difficult to pronounce, and sometimes completely unknown. Of course, everyone taught (or pretended to) study geography in the school curriculum. However, the topic of today's conversation is not taught at school.
Money is always good, but purchasing power is even better. There is no need to talk about the purchasing power of the ruble; each of us has to deal with this every day. But besides your favorite money, there are many more interesting world currencies, which, in comparison with the ruble, have either greater or (more pleasantly) less weight.
So, top 10 cheapest currencies in the world.
Tenth place. Turkmen manat - 0.0952 Russian rubles.
And for it, a Russian tourist (if, of course, there is one) will have to pay as much as 9 kopecks. One of the fifteen former Soviet republics launched its currency in November 1993. Then the manat replaced it. However, the country does not have the necessary resources to keep the national currency at a decent level, even in relation to the Russian ruble.
Ninth place. Zimbabwean dollar - 7 kopecks.
50,000,000 Zimbabwean dollars.
The country's currency is so unstable, and the rate in relation to other currencies is constantly floating, that it is impossible to predict what will happen tomorrow. For example, this summer the dollar in the country was worth 642 quadrillion Zimbabwean dollars. This incredible number has 24! Zero, and one egg on the country's markets could be purchased for 35 billion local dollars.
Eighth place. Somali shilling - 2 kopecks.
A deep, stagnant period of crisis for the pirate industry is a chronic condition. Since 1962, when it was released National currency Somalia is a shilling - it has been steadily sliding down an inclined plane, constantly losing its position.
In seventh place is the Paraguayan Guarani - 0.007034 rubles.
20,000 Paraguayan guarani
This the cheapest currency in the world. No wonder the city of Asuncion, the capital of Paraguay, is recognized as one of the cheapest capitals in the world. The second poorest country in the vastness South America practically does not even provide its subjects with work. The level of unemployment in the country is simply catastrophic - every third resident is not only unemployed, but also ekes out a miserable existence.
Sixth place. Guinean franc - 0.004148 rub.
The national currency of the Republic of Guinea came into circulation back in 1986, replacing its predecessor, the seli.
With the natural gifts of this country, including gold, diamonds and aluminum, it would be possible to occupy a more worthy place in the ranking.
5000 Laotian kip
5. Laotian kip - 0.003510 rub.
Despite the fact that Laos is quite popular a tourist route, V exchange offices They do not favor this currency due to its cheapness. Further proof of this is that it is impossible to exchange the Laotian kip outside your country; this currency is inconvertible.
4. Indonesian rupiah - 0.00339 rub.
Indonesia is the most large country in a world ruled by Muslims and Jakarta, the capital of Indonesia, is the most big city South-East Asia with a population of over 8 million people. And even the tourist paradise beloved by Russians, Bali, which is part of the country, did not improve the situation.
3. Domra - 0.003 rub.
Currency democratic republic Sao Tome and Principe, this small state that lurks on the coast of Africa, was a former colony of Portugal. Well-known, one of the largest suppliers of coffee and coconuts to the world market, nevertheless it has one of the cheapest currencies.
5000 Iranian reais
2. Iranian real - 0.003 rubles.
The unpopular policy pursued by the country's leadership, flaunting the nuclear threat right and left and endless attacks on Israel, has made the currency of this country incredibly cheap. A gallon of oil is Iran's real currency, not the state-recognized real. Oil costs much more than the national currency, which also does not make it popular in the world.
First place - the cheapest currency in the world.
100,000 Vietnamese dong
And finally, the leader of the race, which took the highest place in the ranking, was the Vietnamese dong, for which you need to pay 0.0016 rubles. Beloved by American tourists, Vietnam has succumbed to the ruthless influence of the West and accepted into its “embraces” a “second” (unofficial) currency - Now throughout the entire country you can pay with “evergreens” almost everywhere.
It was updated due to the three-zero denomination in Sao Tome and Principe, and today - in connection with the five-zero denomination in Venezuela. But for now, the bolivar is devaluing so quickly that with the current exchange rate close to 100 per dollar, becoming 40 times more expensive to get to the top is a piece of cake. It has depreciated almost 100 times since the beginning of the year.
Previously, I had already made tops using pachem in, that is, almost two and a half years ago. Well . AND . Well, the mentioned January 2018. It’s time to update.
Yes, I started with this picture from the Komsomol
It's 2013.
Now a new state. With an image of a banknote closer to 1 dollar at the exchange rate.
1. First place has now gone to the Iranian real with a black market rate of 106,000 and an official rate of 42,000. New sanctions are possible, the exchange rate is growing and cash is also even higher. But... a denomination is coming, either 10 times or 10,000, and the rial will become fog. In principle, Iranians are familiar with fogs; they often post price tags in fogs. But this oil power also has a chance to get out of the shameful first place.
2nd place. Vietnamese dong. The rate is 23 106. Quite stable over the past 5 years. The Dong denomination is unheard of, so he again has a chance to top the rankings... although he is constantly being hindered. This time the oil powers.
3rd place. The Indonesian rupiah, with a rate of 14,350, dipped a little.
4th place. The Franc of the Republic of Guinea overtakes the Laotian kip at 9,000 (running rates)
6th place. Sierra Leonean 8 130 . Jumped from 9th place.
7th place. Here, despite the official rates, let’s take the DPRK won, the last rate I knew was about 8,000 won per dollar. Last news with Fox Business for the winter of this year they also give an exchange rate of more than 8000... The latest Reuters data is 8100. There is also some “official” 900.
This one is the biggest. And Kim is no longer on it.
8th place. Uzbek soum with the rate according to the National Bank after denomination
The more money you have, the better. This is the opinion of a significant part of the world's population. 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.