10 Cheapest Currencies in the World in 2017

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1. Iranian Rial (IRR)

1 USD = 32,502.89 IRR

Ranking in the number one spot on our list of the 10 cheapest currencies in the world in 2017 is the Iranian Rial. Trading at more than 32,000 IRR against the US dollar, the Iranian real is the least-valued currency on our list. It was called “toman” until the 1930s and many Iranians still refer to their currency using that name. Technically, one toman is equivalent to 10 rials. To boost the currency, Iran President Hassan Rouhani approved a bill last year to revalue the rial upwards by tenfold, Reuters reported.

Borna_Mirahmadian/Shutterstock.com

Borna_Mirahmadian/Shutterstock.com

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