See how your money compares to the 14 least valuable currencies in the world. A currency has always been simple yet somehow confusing in some aspects. There are slight and for some vast differences in the value of a currency when compared to each other. What may seem small for you may be more valuable when taken to another country. With different values of money as well as different aspects of economy and pricing, one can never be sure what one can afford even with a simple penny.
So how does one get a low value for currency? It’s actually very hard to determine it, as some countries may have different circumstances compared to other. For some it is a matter of economy, as the value of many may rise and fall depending on world trading and foreign exchange as well as inflation. For others, it is a matter of not having any other division of currency to compare with others. You would find that in some countries, they don’t have divisions such as cents or may have too many different divisions; resulting in a hard comparison to other currencies at a much higher rate despite the country doing well economically and financially.
On this list we use the pure value of money as compared to the most expensive currencies around the world. If you want to see what’s on the other end, be sure also to check out our list of The 10 Most Expensive Currencies in the World.
Let’s go ahead and start the list:
14. Costa Rica Colon
As weird or funny as that may some to a lot of the native English speakers, the currency for Costa Rica is called Colon (Colones in plural). Though Costa Ricans typically use US dollars for computation of money, you’ll get around 570 Costa Rica Colones for one US dollar.
13. CFA Francs
CFA Francs is the currency used in both central and western Africa. Though they differentiate the look for both regions they are actually interchangeable. You can get 580 Francs for one US dollar.
12. Chilean Peso
Even though Chileans use the symbol $ for their currency, their money is known as Peso. One Chilean Peso can be divided into 100 centavos yet currencies for centavos are no longer in circulation. One US dollar would give you around 600 Chilean Pesos.
11. South Korean Won
The Won is the currency in South Korea and can be divided into Jeon (100 Jeon = 1 Won). Though Jeon is no longer used as a form of currency in their country, the value of their currency became devalued due to the Korean wars and you can now get around 1090 won for a single US dollar.
10. Iraq Dinar
There was once a time where people invested on Dinar in hopes of it recuperating to its original value. This didn’t happen, and for now one US dollar can get you 1162 Dinar.
9. Lebanese Pounds
The currency of Lebanon, also locally called Lira. Derived and translated in both Arabic and French, its current rate of exchange for the US dollar is 1507 Pounds to 1 USD.
8. Tanzanian Shilling
The Shilling or Shillingi (Swahili), is the currency of Tanzania. This currency can also be divided into cents or what the locals refer to as Senti. Its current rate is almost at two thousand, you can currently get 1980 Tanzanian shillings for a US dollar.
7. Columbian Peso
Another country that calls its currency Peso, the Columbian Peso reaches far above the two thousand lines with one US dollar amounting to about 2355 Columbian Pesos. They, much like some of the countries on this list have paper money counting up to millions.
Halfway done and still more currencies are exchanging at a higher rate, let’s move on to the next on this list of The 14 least valuable currencies in the world.
6. Zambian Kwacha
The Kwacha is the currency for the country of Zambia. With 1 Kwacha subdivided to 100 ngwee. The name kwacha is derived from a word translated as “dawn”, referring to the dawn of freedom for their country. Current exchange rate is at more or less double the last one on the list, with 1 US dollar exchanging for 5194 kwacha.
5. Lao Kip
The Kip is the currency for the country of Laos, the exchange rate of the Kip soars even higher with an exchange rate of 8100 Kip for a single US dollar.
4. Indonesian Rupiah
The Indonesian currency Rupiah’s rate is around 13150 to one US dollar, extending the value of the dollar to the ten thousand mark. It’s not uncommon for skilled workers and professionals in this country to earn millions of Rupiah’s in pay.
3. Belarusian Ruble
The country of Belarus in Europe takes the third spot on this list with an exchange rate of 14300 per US dollar. Belarus was once formerly of the USSR and the splitting and downfall caused a downfall in the country’s economy as well.
2. Vietnamese Dong
Another currency that can be used as a double entendre, the Vietnamese Dong is the second to the least valuable currencies in the world with an exchange rate of 21710 is to 1. Dong is actually derived from an old word which meant money.
1. Iran Rials
The world’s least valued currency is the Iran Rial with an exchange rate of almost 30000 Rials for a Dollar (currently 28500), though locals use the term toman which means 10 Rials as a means to lessen the numbers for easier computation.
Now that you’ve seen the list of the 14 Least Valuable Currencies in the World, we can rest sure that in some places, we would be considered millionaires.
