Which Country Has Lowest Currency In World?

by | Last updated on January 24, 2024

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The Iranian Rial is the least valued currency in the world. It is the lowest currency to USD. For the simplification of calculations, Iranians regularly use the term ‘Toman’. 1 Toman equals 10 Rials.

Which country has the lowest currency value in the world?

# COUNTRY AMOUNT 1 Iran 10,349.59 2 Indonesia 8,765.01 3 Guinea 6,925 4 Cambodia 4,037.86

Which is the most lowest currency?

  • #1 – Iranian Rial [1 USD = 42,105 IRR] ...
  • #2 – Vietnamese Dong [1 USD = 23,175 VND] ...
  • #3 – Indonesian Rupiah [1 USD = 14,697.50 IDR] ...
  • #4 – Uzbekistani Som [1 USD = 10,291.68 UZS] ...
  • #5 – Sierra Leonean Leone [1 USD = 9,762.50 SLL] ...
  • #6 – Guinean Franc [1 USD = 9,666.80 GNF]

Which country has the highest currency in the world?

Kuwaiti Dinar has been the highest currency in the world for a while now because of the oil-rich country’s economic stability. The economy of Kuwait is heavily dependent on oil exports as it has one of the largest global reserves.

Which currency is lowest in Indian rupees?

The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India.

Why is Kuwait currency so high?

Why is the Kuwaiti dinar so high? The strength of the Kuwaiti currency can be attributed to its involvement in the oil and gas market . Kuwait is one of the largest global exporters of oil, as it has large reserves throughout the country. Read more about oil trading, a popularly traded commodity among investors.

What is the weakest currency in Africa?

The Sao Tome and Principe Dobra(STD) is currently the weakest currency in Africa. The country is the smallest on the continent. The two-island state’s major revenue is gotten from the exportation of cocoa, coffee and coconut. However, this is hardly enough to sustain the local economy.

What is the strongest currency in the world 2020?

  • #1 Kuwaiti Dinar [1 KWD = 3.27 USD] ...
  • #2 Bahraini Dinar [1 BHD = 2.65 USD] ...
  • #3 Omani Rial [1 OMR = 2.60 USD] ...
  • #4 Jordanian Dinar [1 JOD = 1.41 USD] ...
  • #5 Pound Sterling [1 GBP = 1.30 USD] ...
  • #6 Cayman Islands Dollar [1 KYD = 1.20 USD] ...
  • #7 Euro [1 EUR = 1.18 USD]

What is the rank of Indian rupee in the world?

Serial no. Country Dollar value 5 Germany 1 USD = 0.88823 Euro 6 France 1 USD = 1.00935 Swiss Franc 7 United Kingdom 1 USD = 0.77345 British Pound 8 India 1 USD = 72.3249 Indian Rupee

Which is most expensive currency?

Kuwaiti Dinar : 1 KWD = 3.26 USD

The Kuwaiti dinar (KWD) was the most valuable government-backed currency as of 2020. Some currencies not backed by governments, such as gold and bitcoin, were actually worth far more. Substantial oil production helped augment Kuwait’s wealth and support the value of the Kuwaiti dinar.

Which currency is lowest in Pakistan?

  • minimum: Rs 150.955.
  • maximum: Rs 169.915.

What country is the US dollar worth most?

  1. Argentina. Places where the dollar goes far are also the most beautiful! ...
  2. Egypt. Rent and food costs in Egypt are so low you may not believe it at first. ...
  3. Mexico. We hear this one all the time. ...
  4. Vietnam. ...
  5. Peru. ...
  6. Costa Rica. ...
  7. Canada. ...
  8. Puerto Rico.

Which currency is highest in India?

Abbreviated to KWD, Kuwaiti Dinar is commonly used in oil based transactions in Middle East. KWD has the highest currency in the world against Indian rupee as 1 Kuwaiti Dinar is equal to 242.67 INR.

Which country feels rich in India?

  • Costa Rica (1 INR = 8.15 Colons) ...
  • Hungary (1 INR = 4.22 Forint) ...
  • Nepal (1 INR = 1.6 Nepalese Rupee) ...
  • Sri- Lanka (1 INR = 2.08 Sri Lankan Rupee) ...
  • Paraguay (1 INR = 74.26 Guarani) ...
  • Cambodia (1 INR = 63.93 Riel) ...
  • Mongolia (1 INR = 29.83 Tugrik) ...
  • Zimbabwe (1 INR = 5.85 ZWD)

Is Japan cheaper than India?

India is 66.8% cheaper than Japan .

In which country Indian rupee is strongest?

  • INR.
  • Indonesia.
  • Vietnam.
  • Cambodia.
  • Sri Lanka.
  • Nepal.
  • Iceland.
  • Laos.
Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.