Cheap currencies against the ruble. What is the cheapest currency in the world. Why are currencies falling in price?

Well national currency any state has special meaning to determine it economic potential and level of development. That is why one of the main goals of the government is always to strengthen, stabilize and increase the exchange rate of the national currency.

According to the latest IMF data, the volume of the US dollar in the world's gold and foreign exchange reserves is more than 60%. Today it is the most durable reserve currency. That is why almost all exchange rates are determined in relation to the dollar.

But it is not always possible to maintain the course at the desired level. In some countries purchasing power The monetary unit is falling so rapidly that people are forced to pay salaries every day so that they can buy at least something with this money, which will completely depreciate in just a day.

There can be many reasons for inflation: political instability, military conflicts, incorrect government policies. Many factors can contribute to a rapid decline in the national exchange rate, but the result will be unchanged.

Those countries whose currency can be bought inexpensively often live below the poverty line. Almost all of these countries are underdeveloped, with a deplorable state social guarantees, level of education and medical care. This once again confirms that exchange rate– this is not just one of the formal factors, but real indicator standard of living of the population.

Cheapest currency

As of 2017, the cheapest currency in the world is the Iranian rial. On this moment its rate is 30366 rials per 1
U.S. dollar. At the same time, the trend continues to be negative. Since 2002, inflation has been growing rapidly. Now the rial also continues to depreciate at a rapid pace. The reason is in a state of crisis national economy. This is due to the fact that many sanctions have been imposed on Iran.

These sanctions were provoked by the fact that the United States in 2002 publicly accused Iran of being the main source of nuclear weapons and, as a result, a threat to the whole world. If we continue to degrade the exchange rate at this rate, this will lead to even more disastrous consequences. According to the general opinion of many experts, the poorest countries in the world do pose a potential danger to developed countries. That is why so much money is often allocated to support their economy.

Based on the above data, we can easily conclude that we can safely draw an equal sign between the rating of cheap currencies and the poorest countries.

According to the latest data, the top 10 cheapest currencies in the world are headed by the Iranian rial, but the other 9 participants in the ranking are not far away. This list includes countries such as:

1. The good of Sao Tome and Principe. The rate is 21975 units for 1 dollar. Previously, this state was a colony of Portugal. The currency was artificially introduced into circulation specifically for this island country. But gradually the economy declined due to climate problems. Now the country simply has nothing to pay external debt, and they are forced to import all products and raw materials from other countries.
2. Vietnamese dong. 22423 units give for 1 dollar according to the latest data. The currency has existed since 1945. Due to numerous issues, as well as a significant link to the Chinese economy, which is not interested in the rise of Vietnam, the currency is gradually depreciating and does not have positive forecasts for exchange rate dynamics.
3. Belarusian ruble. Very often its exchange rate is tied to the Russian ruble. But if we express it in equivalent to the US dollar, then for 1 dollar they ask for almost 20 thousand Belarusian rubles. The reason is that this is a fairly young currency, and also too tied to the Russian ruble - due to its fall, the Belarusian national currency is also losing ground.
4. Indonesian rupiah. The rate reaches 14 thousand monetary units per 1 US dollar. The country was never able to fully recover from the global Asian economic crisis. Also, many issues had a negative impact on the exchange rate of the currency.
5. Laotian Kip. More than 8 thousand kip need to be paid for 1 dollar. The exchange rate is constantly falling at a rapid pace. For this reason, coins have long ceased to be issued completely, since they are valuable only for collectors, and as a monetary unit do not represent any value. Their nominal value is much lower than the actual cost of production.
6. Guinean franc. Initially, this was an attempt to completely gain independence by abandoning the circulation of the regional currency. In fact, almost 8 thousand monetary units need to be given for a dollar.
7. Paraguayan guarana. Almost 6 thousand per dollar. Many civil wars, a series of reigns of dictators who absolutely did not know how to conduct economic affairs led to the fact that the country has long been below the poverty line. The reason for this was primarily military conflicts, political instability and widespread devastation.
8. Cambodian riel. More than 4 thousand units per dollar. If the dollar is exchanged for a local currency, then it is unlikely to be converted back. Riels never became popular even among local residents. For a long time, they preferred to give up money altogether, using rice to make payments among themselves. Recently, Cambodians prefer to use American dollars, and riel serve only as change coins for dollars and euros. Inflation reaches such terrible rates that the exchange rate can change dramatically several times in a day.
9. Colombian Peso. More than 3 thousand pesos per dollar. The reason for such a high level of inflation is the prolonged and serious financial crisis in the state. The peso gradually completely lost its gold and silver components. It is precisely because the peso is not backed by anything that it is constantly losing its position. In fact, money has virtually no purchasing power.

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 banknotes another state that was 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% Country GDP industry provided (processing of agricultural goods, tobacco and textile factories, production of batteries for cars). Minerals, including gold and diamonds, were mined on a large scale in Zimbabwe.

True, the local black population, despite economic development 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 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. Economic policy The Vietnamese government purposefully keeps the national currency at a low level. This helps increase exports and facilitate transition period from planned economy to capitalism.

The currency of Indonesia is the rupiah (IDR). In this island nation, at the end of 2014, one US dollar was worth 12,336 rupees. According to international experts, Indonesia's main problems are high levels of corruption, poor infrastructure, poor 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. In Laos it is observed the economic growth, but is hampered by the country's aging infrastructure and 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 the huge constant influx of refugees from neighboring countries Sierra Leone and Liberia creates 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 - very low level education of Paraguayans.

The currency of Sierra Leone is (SLL). In December 2014 it was approximately 4,315 leones. This African country is in the deepest economic crisis which has been going on here for decades. Recently, Sierra Leone has been 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.

There are already almost 7 billion inhabitants on our home planet. They all live in many countries, there are hundreds of them and they are all different. The list of national currencies used by people all over the world is equally diverse. Everyone knows such as the US Dollar or the Omani Real. For a change, we can now consider some not so popular money, which deserve the title of the cheapest currency, if only to understand what inadequate monetary policy states

It is now possible to make an assessment of which currency is cheaper than the ruble more objectively than, say, 50 years ago. Some world currencies are in a floating rate regime, some are rigidly attached to them by governments and national banks, and all the rest can be weighed using current quotes, which are sometimes carried out every minute. Thus, by comparing the value of money, its purchasing power, for example, with the ruble, you can obtain comprehensive information about its condition.

So, let's determine the cheapest exchange rates you can find.

10th place: Turkmen manat

At the time of the collapse of the Union, a number of new states were formed, or rather, they received long-awaited independence. Along with this, their own national money appeared, different from Soviet ruble. This is how Turkmenistan got its own money, the Turkmen manat. You can look for the reasons why it is the cheapest currency against the ruble in erroneous policies and management national bank, however, this will not improve the situation at the moment. So for one manat they give only 9.5 kopecks.

9th place: Zimbabwe dollar

There is no need to talk about the exchange rate of the Zibabwean dollar. It changes so dramatically and globally from day to day that it is impossible to keep track of it; it is difficult to even approximately estimate the course there today. It was in Zimbabwe that the cheapest currency in the world led the most. If now they give approximately 7 kopecks for one Zimbabwean dollar, then quite recently it was even possible to equate it to thousandths of a ruble. From the fact that there is essentially nothing monetary policy not be carried out in Zimbabwe, they solved the problem extremely simply. All payments are made in US dollars, which have become widespread among the common population. It’s certainly easier than determining every day how many eggs you can buy for a 1 million Zimbabwean dollar bill.

8th place: Somali shilling

You can argue for a long time which currency is the cheapest, but you can definitely say who has the most difficult situation with domestic economy lasts the longest. In Somalia, the deepest crisis within the country has not stopped for a minute since 1962, and to this day there are no hints of a resolution of the situation.

7th place: Paraguayan Guarani

In South America, the weakest currency against the ruble is the Paraguayan guarani, which is valued at 0.0071 rubles, that is, less than a penny. Apparently such a deplorable situation arose in the second most poor country South America due to the complete uselessness of money. There is no industry there, there is no work, and no one is going to create it, so almost the entire population is unemployed.

6th place: Guinean franc

There are most ambiguities with Guinea. Considering her Natural resources, including gold, diamonds, aluminum, one would expect more attention to one’s own cash. However, everything turned out exactly as it is; for one Guinean franc you can get only half a penny.

5th place: Laotian kip

Apparently the Laotian government is accustomed to seeing a lot of zeros on its banknotes. Their local money, even despite the abundant flow of tourists, consistently maintains the title of the weakest currency in the world, with the cost of one kip being a third of a Russian penny. Kip of Laos convertible currency, it is simply impossible to exchange it outside the country itself.

4th place: Indonesian rupiah

Although Indonesia is considered the most large country ruled by Muslims and populated by them, they apparently don’t see the point in somehow influencing the low exchange rate of the rupee. Even taking into account the popularity of Bali among Russian tourists, the value of the rupee to the ruble is still 0.0034.

3rd place: domra

The democratic republic of Sao Tome and Principe has in circulation their weakest currency in the world, the domra. It can be bought for 0.003 rubles. Quite strange for a small state on the coast of Africa, which is famous for the export of coconut and coffee.

2nd place: Iranian rial

There is nothing surprising in the fact that Iranian money is so cheap compared to the ruble. One has only to remember what misfortunes befell this country and its inhabitants, take into account the attacks on Israel and the threat to the whole world with nuclear weapons from the country’s rulers. In this case, even Iranian oil is not able to have any impact on the real.

1st place: Vietnamese dong

And in first place is the money of Vietnam, receiving the title of the cheapest currency. Banknotes in Vietnam are of excellent quality, they are modern plastic and reliable in circulation, however, they also have an incredible number of zeros. Due to the fact that national money is so devalued, American dollars are more commonly used in Vietnam.

As you know, the entire global financial market is built on the fact that one particular currency has a cost much higher than another. The value of this or that money can change greatly and quite dynamically depending on side factors related to changes in various areas related to the finances of a state.

Today, any changes in exchange rates can be traced thanks to specialized automatic charts, which are worked on by specialists in various fields in financial sector. In addition, you can learn about all current changes in the exchange rate, especially if this entails some rather serious consequences, from the news of the world of currencies, including on the Internet.

Currency rating

From everything that was said above, it is clear that the exchange rate directly depends on certain financial factors and any side changes. The value of absolutely any money can also be influenced by more stringent factors, most often this is expressed in artificial restraint or support of a specific currency.

Please note that some types of currencies around the world need artificial adjustment for a reason, but for very logical reasons - to protect the state budget from all kinds of inflation.

Thanks to this approach, the people responsible for containment or support create ideal financial conditions for the state where the unit has state status.

In addition to all that has been said, it is worth mentioning that one way or another, the currencies of some countries in the world are uncontrollable, which is why sharp jumps and crisis problems occur. However, it is important to consider that the main money of the world, for example, American dollars, is subject to the influence of containment, but is constantly supported. This makes the dollar one of the most expensive units in the world, optimal for making large transactions. financial transactions and long-term storage.

Cheapest currencies

Where there is something expensive, of course, there must be something completely opposite, located in the lowest possible price range. This is exactly how things are with the world financial market, where only a few currencies occupy the peak of value and never fall from it.

Please note that large changes in value are only possible for units in the mid-price range. Thus, money, which has a maximum and minimum value, cannot change much in terms of its own value (except in rare cases called inflation).

The list of the cheapest currencies in the world, in the top 10 from cheapest to most expensive, includes the following monetary units:

• Paraguayan Guarani;
• Sierra Leonean Leone;
• Laotian kip;
• Franc of the Republic of Guinea;
• Indonesian Rupiah;
• Belarusian ruble;
• Dobra Sao Tome and Principe;
• Vietnamese dong;
• Iranian rial.

Please note that regardless of the price indicators of any particular currency, the state itself may have a completely contradictory state. This is due to several different factors, in particular, with state reserves, which, as is known, are used to purchase the most stable monetary units in value and protected from inflation.

Of course, in order to fully understand what the cheapest currencies are, you should consider in detail all the money mentioned. In addition, one should not ignore the influence foreign exchange market for this or that money, since it is the finance workers who buy money inexpensively.

First in the top 10 cheapest currencies in the world is the riel, originally from Cambodia - it is the cheapest currency in the world. This unit has always been and will most likely continue to be the lowest cost monetary unit all over the world.

Today, the Cambodian riel has the following relationship to the major currencies of the world:

4041.10 per dollar;
60.74 per ruble.

Currently, the state itself, as well as the main currency, are actively developing.

Paraguayan Guarani

The cost and value of this currency is as low as possible solely due to the weak development of the state. This is due to the fact that this country constantly changed one unsuccessful ruler to another, provoking an endless cycle of wars.

Today, Paraguayan Guarani has the following relation to major world money:

5893.65 per dollar;
88.58 per ruble.

Please note that the country is still underdeveloped, which is why financial course virtually unchanged even after several years.

Sierra Leonean Leone

Also, in comparison with the named country, in the case of this currency, its low value directly comes from constant military operations on the territory of the state, which impede stable development.

Today, in 2018, Sierra Leonean Leone can be purchased at the following prices:

8400.00 per dollar;
126.25 per ruble.

The state is experiencing real hyperinflation, which is why the currency, most likely, will never leave the list of the cheapest money.

Laotian kip

This country is extremely poorly developed economic sphere activities that impose all sorts of restrictions. Thus, this currency is quite firmly established in seventh place.

Today you can buy Laotian kip at the following prices:

8509.40 per dollar;
127.90 per ruble.

Perhaps, after some time, the currency will be able to rise at least a couple of lines higher.

Franc of the Republic of Guinea

As you know, Guinea is one of the poorest countries in the world, due to the fact that the country was once an ordinary colony. Thus, despite the wealth of local lands, the state (or rather its currency) is forever stuck in the list of the cheapest.

Today, this money has the following relationships:

66.1832 against the dollar;
135.644 against Rupee.

Please note that this is the last currency that can rightfully be called the cheapest.

Other money

The remaining five currencies, although their prices are below average, are still extremely difficult to call them the cheapest.

In particular, this is due to the fact that in most countries, with the exception of those listed above, no one prohibits actively cutting money, taking advantage of opportunities to buy cheap money.