GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

Top 10 Lowest Currency in the World and Weakest in 2020

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, World News
Reading Time: 4 mins read
Top 10 Lowest Currency in the World
30
SHARES
Advertisements

Top 10 Lowest Currency in the World and Weakest in 2020

When the strongest and highest currency of the world is being discussed, we are quick to mention the British pounds sterling or the US dollar, but unfortunately the Kuwait Dinar stands above them.

Before we head on to know the countries with the weakest and least valued currency, you can take a glance on the highest and strongest in 2020 as they try to maintain stable and good economic policies implementations.

READ ALSO

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here

Joint Admissions and Matriculation Board JAMB Releases 2025 UTME Results Today Friday 9th May 2025

Top 10 Lowest Currency in the World

The question now is Which country has the Lowest Currency in the World ?

The Iranian Rial is the least valued currency in the world against the United States dollar. To make the calculation easier, the people of Iran uses the word, Toman. The equivalent of 1 Toman is 10 Rials just to show how cheap the currency is.

Though it may not be easy to ascertain the lowest currency because of a regular inflationary, deflationary economic trends, bad economic policies, corruption, and public unrest with these unstable 3rd world countries.

Even with the current coronavirus pandemic that has placed the world economy activities on a break, so much expected to happen when lockdown is eased off.

However, let see the cheapest valued currencies against the US dollar. Meanwhile, the exchanged rates of the least valued currencies have been calculated as at 19 May 2020.

Top 10 Lowest Currency in the World list 2020

Iranian Rial

Currency code is IRR.

Iran has the cheapest currency in the world. They have been through a lot as a nation which has affected their economic and social life.
Despite been a member of OPEC, sanctioned placed on Iran by world powers has hampered their sales of petroleum to other countries.

The sanctioned over time has led to slow economic development and budget deficit which has correlation in geometric inflationary trend.

While the Iranian Government try to boast nation states, Iranian Rial is lowest currency against the USD.

Venezuelan Sovereign Bolívar
Currency new code is VES

Venezuelan Sovereign Bolívar is one the weakest currency in the world. The country Venezuela is a Spanish colony located in Latin America.

Over the years, they have suffered from hyperinflation which has placed their economy in a real helpless situation.

Venezuelan Sovereign Bolívar is the second least valued currency as at today.

Vietnamese Dong

Vietnam Currency code is VND and is the least valued currency despite being the highest denomination not in the world. Vietnam is located in Southeast Asia.

Though it is widely believing they are going through restructuring as they are liberating from the old centralized economy pattern to a market economy.

Meanwhile, Vietnamese Dong is 3rd weakest currency in the world as they hope to become Asia power soon.

Indonesian Rupiah
Currency code is IDR.

Indonesia currency is known as Indonesian Rupiah. The country is located between the Indian and Pacific oceans with the capital as Jakarta.
They have one of the most developed and stable economy in Asia, but their currency has a low exchange rate against the USD that has made it one of the weakest to count on.

Uzbek Sum
Currency code is UZS

Uzbek Sum is used by Uzbekistan located in central Asia. The country is going through an economic reform as the government is trying to stable it new found market economy as they moved out from centralized system.

Uzbek Sum is the 5th lowest valued currency against the USD in the world.

Sierra Leonean Leone
Currency code is SLL.

Sierra Leonean Leone is among the weakest currency in Africa as it exchanges rate stands so poor against the USD. The country Sierra Leone is situated in West Africa.

Their economy is suffering from high inflation, shortage of food, and was recently hit by the Ebola outbreak.

Sierra Leonean Leone is the 6th lowest currency in the world while Sierra Leone is one of the poorest country in the world.

Guinean Franc
Currency code is GNF
Guinea is a country located in Western Africa famously known for gold and diamonds but suffers from food shortage, high inflation, and corruption.

The Guinean Franc is the 7th least valued currency pars the United States dollar.

Lao or Laotian Kip
currency code is LAK
According to financial records, the Laotian Kip has been in its original value ever since it was first issued in 1952. Yet the currency has not appreciated against the USD and still remains one of the cheapest currencies.

Paraguayan Guarani
Currency code is PYG.

Paraguay has been suffering from budget deficit as their import is far more than their export. Unemployment is high and one of the poorest counties in South America.

Meanwhile, Paraguayan Guarani has a low exchange rate against the USD and one of the cheapest currency.

Cambodian Riel
Currency Code is KHR

Cambodian Riel is a monarchical currency in Southeast Asia sate, Cambodia. The Cambodian Riel was issued in 1995 as a replacement for the Indochinese Piaster.

However, the currency has suffered most and devalued because of the preference of the USD by the Cambodians.
Cambodian Riel snapped up the 10th spot on the lowest currency list in the world 2020.

 

 

 

 

 

 

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

Chevron Nigeria To Sack 25% of Workforce

Next Post

Breaking: NYSC 2020 Batch A Stream II Call Up Letter Is Out, How To Print

Related Posts

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here   The wait is finally over. The Joint Admissions...

Read more

Joint Admissions and Matriculation Board JAMB Releases 2025 UTME Results Today Friday 9th May 2025

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here

Joint Admissions and Matriculation Board JAMB Releases 2025 UTME Results Today Friday 9th May 2025 If you sat for the...

Read more

When Will 2025 JAMB Result Be Out? Check JAMB Result Release Date

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200

When Will 2025 JAMB Result Be Out? Check JAMB Result Release Date Are you searching for ; When Will JAMB...

Read more

CREDICORP Launches ₦6 Billion YouthCred Program for NYSC Corps Members – Access Up to ₦150,000 Credit

CREDICORP Launches ₦6 Billion YouthCred Program for NYSC Corps Members – Access Up to ₦150,000 Credit

CREDICORP Launches ₦6 Billion YouthCred Program for NYSC Corps Members – Access Up to ₦150,000 Credit with Low Interest in...

Read more

Direct Link to Apply For FG LEEP Remote Work Opportunities ( 2025)

LEEP Remote Work

The Labour Employment and Empowerment Programme (LEEP) is a Federal Government initiative under President Bola Ahmed Tinubu’s Renewed Hope Agenda,...

Read more

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200

Full Breakdown of 2025 JAMB UTME Results Released   The Joint Admissions and Matriculation Board (JAMB) has officially released a...

Read more

JAMB Result Checker 2025 Online (How To Check UTME Result)

JAMB Result Checker

JAMB Result Checker Portal 2025: How to Check Your UTME Result If you’re searching for how to check your JAMB...

Read more

Black Market Dollar to Naira Exchange Rate Today – 7th May 2025

Black Market Dollar to Naira Exchange Rate Today – 7th May 2025

The dollar to naira rate keeps making headlines, and if you’re here, chances are you’re looking for today’s black market...

Read more

Is NIYEEDEP the Same as YEIDEP? What You Must Know About Your Application (2025 Update)

Is NIYEEDEP the Same as YEIDEP? What You Must Know About Your Application (2025 Update)

Is NIYEEDEP the Same as YEIDEP? What You Must Know About Your the Youth Economic Intervention and De-Radicalization Programme ......

Read more

How To Check 2025 JAMB Result| Check JAMB Result 2025 Now |Fast Methods

JAMB Result Checker

How to check 2025 JAMB result, JAMB result checker portal, and quick methods to check JAMB UTME 2025 result are...

Read more
Load More
Next Post
FG reopens NYSC camps

Breaking: NYSC 2020 Batch A Stream II Call Up Letter Is Out, How To Print

SEARCH ADS

Latest Posts

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here
Jamb & All Education News

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here

JAMB Officially Releases 2025 UTME Results| Check Your Jamb Result Here
Jamb & All Education News

Joint Admissions and Matriculation Board JAMB Releases 2025 UTME Results Today Friday 9th May 2025

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200
Education

When Will 2025 JAMB Result Be Out? Check JAMB Result Release Date

CREDICORP Launches ₦6 Billion YouthCred Program for NYSC Corps Members – Access Up to ₦150,000 Credit
Npower

CREDICORP Launches ₦6 Billion YouthCred Program for NYSC Corps Members – Access Up to ₦150,000 Credit

LEEP Remote Work
Jobs

Direct Link to Apply For FG LEEP Remote Work Opportunities ( 2025)

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200
Jamb & All Education News

JAMB Releases 2025 UTME Result Statistics – Over 50% Scored Below 200

JAMB Result Checker
Education

JAMB Result Checker 2025 Online (How To Check UTME Result)

Black Market Dollar to Naira Exchange Rate Today – 7th May 2025
business

Black Market Dollar to Naira Exchange Rate Today – 7th May 2025

Is NIYEEDEP the Same as YEIDEP? What You Must Know About Your Application (2025 Update)
Npower

Is NIYEEDEP the Same as YEIDEP? What You Must Know About Your Application (2025 Update)

JAMB Result Checker
Education

How To Check 2025 JAMB Result| Check JAMB Result 2025 Now |Fast Methods

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News