Sign in
Download Opera News App





Foreign exchange

Top 15 Lowest Currency In The World in 2020

Most of you might know about the strongest economies of the world. But do you know about countries which have the lowest currency values? Well, this post covers a list of the top 15 lowest currency in the world. This list of currencies with their values is based on the exchange rates against the US dollar. The reason for comparing these currencies with the US Dollar is because of the fact that the US dollar is among the strongest currencies in the world. So, here goes the list:

Top 15 Lowest Currency In The World in 2020

#15. Burundian Franc

Burundian Franc is the official currency of Burundi. Burundi, a country located in East Africa is one of the poorest countries in the world. No wonder it has its name in the list of weakest currency in the world.

1 US Dollar = 1,898.37 Burundian Franc

Currency code = BIF

Burundian Franc

#14. Tanzanian Shilling

Tanzanian Shilling, also known as Shillingi, is the official currency of Tanzania, a country in eastern Africa. This was a replacement of the East African rupee which was introduced during the colonial period.

1 US Dollar = 2,315.7 Tanzanian Shilling

Currency code = TZS

Tanzanian Shilling

#13. Colombian Peso

This is the official currency of Colombia. The value of this currency has depleted by hundred 100% in the past five years.

1 US Dollar = 3,833.01 Colombian Peso

Currency code = COP

Colombian Peso

#12. Malagasy Ariary

Malagasy Ariary is the official currency of the Republic of Madagascar. Introduced in 1961, the Malagasy Ariary had a value equal to five Malagasy francs.

1 US Dollar = 3,835.47 Malagasy Ariary

Currency code = MGA

Malagasy Ariary

#11. Ugandan Shilling

This is the official currency of the Republic of Uganda. It was introduced with the establishment of the Bank of Uganda in the year 1966.

1 US Dollar = 3,800.69 Ugandan Shilling

Currency code = UGX

ugandan shilling

#10. Cambodian Riel

This is the official currency of Cambodia, a country in the southeast region of Asia. From the time it was introduced, Cambodian Riel had a low exchange rate. One of the reasons for this is the fact that foreign currency (US Dollar) was more popular among the locals in Cambodia.

1 US Dollar = 4,115.25 Cambodian Riel

Currency code = KHR

cambodian riel

#9.Paraguayan Guarani

This is the national currency of Paraguay, a country in the continent of South America. It is one of the weakest economies of South America. The country suffers an economic downturn due to various factors such as unemployment, low-quality education, etc.

1 US Dollar = 6,605.90 Paraguayan Guarani

Currency code = PYG

paraguayan guarani

#8. Uzbekistani Som

The Uzbekistani Som is theofficial currency of Uzbekistan. The country had been using the Russian Ruble even after its independence from the USSR. This had continued till Uzbekistan introduced Uzbekistani Som on November 15, 1993.

1 US Dollar = 10,171.82 Uzbekistani Som

Currency code = UZS

Uzbekistani Som

#7. Lao Kip

Lao Kip or Laotian Kip is the official currency of Laos. Though the currency is increasing in value, it still has a long way to find its way out of the list of the lowest currencies in the world.

1 US Dollar = 9,014.61 Laotian Kip

Currency code = LAK

lao kip

#6. Sierra Leonean Leone

This is the currency of Sierra Leone, a country in West Africa. One of the poorest countries in the world, Sierra Leone has suffered war and epidemics. It has a very weak economy which doesn’t seem to get better any sooner.

1 US Dollar = 9,730.00 Sierra Leonean Leone

Currency code = SLL

sierra leonean leone

#5. Guinean Franc

This is the official currency of Guinea, a small country on the Western coast of Africa. Though rich in natural resources, the country has a weak economy because of the high inflation rate and low education rate.

1 US Dollar = 9,582.62 Guinean Franc

Currency code = GNF

guinean franc

#4. Indonesian Rupiah

Indonesian Rupiah is the national currency of Indonesia. Although the country is believed to be economically stable, the currency here has a low exchange rate and hence it has made its place on this list.

1 US Dollar = 14,715.50 Indonesian Rupiah

Currency code = IDR

Indonesia Rupiah

#3. Sao Tome and Principe Dobra (STD)

This is the currency used in the country of Sao Tome and Principe. The country is known for coconut, coffee, and cocoa exportation. Because of the country’s recent development in the petroleum sector, there is hope of a better economy in the future.

1 US Dollar = 21,425.62 STD

Currency code = STN

sao tome and principe dobra

#2. Vietnamese Dong

This is the national currency of Vietnam, a country in Southeast Asia. The Vietnamese Dong is popular for being one of the highest denomination currencies in the world even though it is one of the lowest value notes.

1 US Dollar = 23,363.67 Vietnamese Dong

Currency code = VND

Vietnamese Dong

#1. Iranian Rial

The Iranian Rial is officially the world’s cheapest currency.

This is the official currency of Iran. It is known for being the world’s weakest currency. Even though Iran is rich in oil, the country is sanctioned by the US for oil exportation which has made the currency of Iran weaker.

1 US Dollar = 42,105.00 Iranian Rial

Currency code = IRR

Iranian Rial

Content created and supplied by: Martlucky (via Opera News )

East Africa Franc Currency Tanzania US US Dollar


Load app to read more comments