The econ­o­my of the world is the main top­ic that most often wor­ries the world com­mu­ni­ty. Peo­ple study it, ana­lyze the eco­nom­ic sys­tems of var­i­ous coun­tries, keep sta­tis­tics on the most suc­cess­ful, as well as the cheap­est cur­ren­cies in the world. Ris­ing infla­tion and lack of resources for some coun­tries is the main rea­son why their cur­ren­cies become cheap­er and unclaimed. The eco­nom­ic cri­sis hit the world again, and cur­ren­cies began to rapid­ly lose ground. This com­pi­la­tion con­tains the 10 cheap­est cur­ren­cies in the world. They have such a low cost that even one dol­lar can be a for­tune for the locals.

cheap currencies

Zambian Kwacha (1 USD= 5249.9 ZMK)

This Zim­bab­wean cur­ren­cy appeared in 1986. Ini­tial­ly, its cost was quite high, and 1.2 kwachas were equal to 1 US dol­lar. But the coun­try began to lose its eco­nom­ic sta­tus, and Kwacha’s per­for­mance began to dete­ri­o­rate. Due to this fall, the Zim­bab­wean gov­ern­ment changed the ISO cur­ren­cy code from ZMK to ZMW. Many efforts have been made to pre­vent the col­lapse of the Zim­bab­we nation­al cur­ren­cy, but the gov­ern­ment still has a long way to go.

North Korean Won (1 USD= 6,300 KPW)

Issued in 1947, the North Kore­an won replaced the Kore­an yen in the coun­try. The cur­ren­cy was issued only for local cit­i­zens of North Korea, and oth­er mon­ey was valid for those vis­it­ing the coun­try. The gov­ern­ment has reis­sued the won sev­er­al times, but all attempts have been in vain, and it still remains one of the least valu­able cur­ren­cies in the world.

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Guinean Franc (1 USD= 6,692.6 GNF)

Used main­ly by African coun­tries, the Guinean franc was intro­duced in ear­ly 1959. It replaced the CFA franc but failed mis­er­ably. The cur­ren­cy began to lose its qual­i­ty due to high infla­tion and pro­gres­sive pover­ty in African coun­tries. The gov­ern­ment has a real feat to accom­plish if they want to over­come the eco­nom­ic cri­sis and increase the val­ue of their cur­ren­cy.

Lao Kip (1 USD= 7,966.0 LAK)

This is the only cur­ren­cy that was ini­tial­ly issued at a low val­ue and has shown growth in the future. The cur­ren­cy was first issued in 1952. Back then, one US dol­lar was equal to 8,556.56 lao kip, but now the exchange rate is 7,996. Accord­ing to econ­o­mists, the coun­try’s cur­ren­cy will fur­ther improve its per­for­mance in the next twen­ty years.

Belarusian ruble (1 USD= 10,700 BYR)

This cur­ren­cy appeared in 1992, and since then it has been los­ing ground every year. The gov­ern­ment made many efforts to sta­bi­lize and increase the val­ue of this cur­ren­cy, but all efforts were in vain. The main rea­son for this decline is the high lev­el of infla­tion and the pover­ty of the econ­o­my. There is lit­tle chance that the cur­ren­cy will show growth in the com­ing years.

Indonesian rupiah (1 USD= 9,593 IDR)

When Indone­sia became inde­pen­dent in 1949, the Indone­sian rupi­ah was intro­duced. At first, the cur­ren­cy was in demand on the mar­ket, but soon its cap­i­tal decline began. Indone­sia is an eco­nom­i­cal­ly sta­ble coun­try in South­east Asia, and many are sur­prised that its cur­ren­cy has such a low val­ue. The Indone­sian gov­ern­ment is mak­ing efforts to strength­en the rupi­ah, and by the end of 2014, the cur­ren­cy will strength­en, los­ing sev­er­al zeros.

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Dobra Sao Tome (1 USD= 18,770 STD)

It is unlike­ly that you have heard the name of this cur­ren­cy before, as well as the name of this coun­try. Dobra Sao Tome belongs to a small island locat­ed in west­ern Africa. The coun­try’s econ­o­my has been sta­ble in recent years, based on cocoa pro­duc­tion. But the recent dis­cov­ery of oil fields will also help in the eco­nom­ic growth of the island, and most like­ly will affect the strength­en­ing of the local cur­ren­cy.

Vietnamese dong (1 USD= 20,837 VND)

Econ­o­mists have pre­dict­ed a good future for Viet­nam. Although the cur­rent eco­nom­ic sit­u­a­tion is not yet very impres­sive, the coun­try is try­ing to improve its eco­nom­ic sta­bil­i­ty. Dong was intro­duced in the coun­try in 1978 and quick­ly depre­ci­at­ed. How­ev­er, the econ­o­my is now devel­op­ing, and accord­ing to fore­casts, over the next thir­ty to forty years, it will have a pow­er­ful leap.

Somali shilling (1 USD= 22,000 SOS)

Soma­li­a’s orig­i­nal cur­ren­cy appeared in 1962. The coun­try’s eco­nom­ic sta­tus was sta­ble at the time, but soon after the start of the civ­il war, eco­nom­ic break­down fol­lowed. This led to the depre­ci­a­tion of the cur­ren­cy. Since then, Soma­lia has tried hard to regain its lost eco­nom­ic pow­er, but has failed every time.

Iranian rial (1 USD= 24,576 IRR)

The Islam­ic Rev­o­lu­tion is one of the most impor­tant events in the his­to­ry of the world. Many changes have tak­en place around the world since then, includ­ing the birth of a new cur­ren­cy, the Iran­ian Rial in 1979. Accord­ing to most opin­ions, the main rea­son for the col­lapse of the Iran­ian Rial is the com­pe­ti­tion between the US and Iran.

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