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Top 20 Cheapest and Lowest Currencies in the World

Top 20 Cheapest Currencies in the World

In this article, please find the details about top 20 weakest, lowest and cheapest currencies in the world. Most of the nations are from war-torn, corrupt nations, and third world regions.

Rwandan Franc :

Rwanda is the country in South Central Africa. The nation known as “Land of 1000 hills” The Civil war and genocide of 1994 ramshackle the nation economy and disordered the social fabric. Most of the inhabitant in this nation practice Agriculture and cultivate various things like dry beans, potatoes, corn, sweet potato and banana. Besides, small scale mining operation and limited production of consumer products such as soaps, cement, paints, furniture and food Products. It is the number 20 among the top 20 Cheapest Countries in the world.

  • Country : Rwandan
    • Rwandan Franc Currency Code : FRW
    • Symbol : R₣
    • 1 USD = 993 FRW
    • The Highest currency denomination note = FRW 50,000.
    • Coins : 1, 2, 5, 10, 20, 50 and 100 Francs
    • FRW 50,000 = USD 50.35.
Rwandan Franc

South Korean Won

South Korea is the country covers the southern part of the peninsula of East Asia. Though South Korea had faced Korean war and Military cease fire number of times. It is emerged as developing nations and transformed from poor agrarian nation to highly industrialized nation. It is the number 19 among the top 20 Cheapest Countries in the world.

  • Country : South Korean
    • South Korean Won Currency Code : KRW
    • Symbol :  ₩
    • 1 USD = 1,173 KRW
    • The Highest currency denomination note = KRW 50,000.
    • Coins : ₩10, ₩50, ₩100,and ₩500
    • KRW 50,000 = USD 44.37
South Korean Won

Iraqi Dinar

Iraq is the country of East Asia. It had glorious past and land was known as Mesopotamia means land between the rivers. After the war between Iran and Iraq the GDP of the Iraq fell down drastically. It is the number 18 among the top 20 Cheapest Countries in the world.

  • Country: Iraqi
    • Iraqi Dinar Currency Code : IQD
    • Symbol : د ع.
    • 1 USD = 1457 IQD
    • The Highest currency denomination note = IQD 50,000
    • IQD 50,000 = USD 34.32
Iraqi Dinar

Lebanese Pound

Lebanon is the country in eastern shore of the Mediterranean Sea in Western Asia. The long term Civil war and geopolitical factors have acted as impediments for the growth of the Lebanon country economy. It is the number 17 among the top 20 Cheapest Countries in the world.

  • Country: Labanon
    • Lebanese Pound Currency Code : LBP
    • Symbol : ل.ل
    • 1 USD = 1510 LBP
    • The Highest currency denomination note = LBP 100,000
    • LBP 100,000 = USD 66.23
Lebanese Pound

Myanmar Kyat

Myanmar earlier known as Burnma is the country in southeast Asia. It is bordered with china, India, Bangladesh. It is the number 16 among the top 20 Cheapest Countries in the world.

  • Country: Myanmar
    • 1 USD = 1,871 MMK
    • Myanmar Kyat Currency Code : MMK
    • Symbol : K
    • The Highest currency denomination note = MMK 10,000
    • Coins : K1, k5, k10, k50, and k100
    • MMK 10,000 = USD 7.10
Myanmar Kyat

Burundian Franc

Burundi is the country in East Africa. More than 65 percentage of inhabitants lives under the below poverty line. Geopolitical factors are the major hindrances in the growth of the nation economy. It is the number 15 among the top 20 Cheapest Countries in the world.

  • Country: Burundi
    • Burundian Franc Currency Code : BIF
    • Symbol : FBu
    • 1 USD = 1945 BIF
    • The Highest currency denomination note = BIF 10,000
    • Coins : 1 Franc, 5 fancs, 10 francs, and 50 francs
    • BIF 10,000 = USD 5.14
Burundian Franc

Congolese Franc

Congolese is the country in Central Africa. The nation has various natural resources such as copper, cobalt immense biodiversity and second largest rainforest. 73 percentage of Inhabitants leads their live under Below poverty line. It is the number 14 among the top 20 Cheapest Countries in the world.

  • Country: Congolese
    • Congolese Franc Currency Code : CDF
    • Symbol : FC
    • 1 USD = 1986 CDF
    • The Highest currency denomination note = CDF 20,000
    • CDF 20,000 = USD 10.01
Congolese Franc

Tanzanian Shilling

Tanzania is the country in East Africa. It is the number 13 among the top 20 Cheapest Countries in the world.

  • Country: Tanzania
    • Tanzanian Shilling Currency Code : TZS
    • Symbol : TSh
    • 1 USD = 2,313 TZS
    • The Highest currency denomination note = TZS 10,000
    • Coins : 50 Shillings, 100 Shillings, 200 Shillings, 500 Shillings
    • TZS 10,000 = USD 4.32
Tanzanian Shilling

Ugandan Shilling

Uganda is the country in the East Africa. The Uganda got its independence in 1962, however, the political instability combine with AIDS Epidemic and environmental problem are major impediments for the growth of the country economy. It is the number 12 among the top 20 Cheapest Countries in the world.

  • Country: Ugandan
    • Ugandan Shilling Currency Code : UGX
    • Symbol: USh
    • 1 USD = 3,659 UGX
    • The Highest currency denomination note = UGX 50,000
    • Coins : 50 Shillings, 100 Shillings, 200 Shillings, 500 Shillings
    • UGX 50,000 = USD 13.66
Ugandan Shilling

Colombian Peso

Colombia is the country in the south America. The agriculture is the primary source of income specially the cultivation of coffee trees and Fruits production. The political instability created uneven distribution of the wealth among the inhabitants of Colombia and Illegal trade in drugs are the major hindrance for the growth of the economy. It is the number 11 among the top 20 Cheapest Countries in the world.

  • Country: Colombia
    • Colombian Peso Currency Code : COP
    • Symbol : COL$
    • 1 USD = 3,836 COP.
    • The Highest currency denomination note = COP 10,000
    • Coins : 50 Pesos, 100 Pesos, 200 Pesos, 500 Pesos, 1000 Pesos
    • COP 10,000 = USD 2.73
Colombian Pesso

Malagasy Ariary

It is the number 10 among the top 20 low exchange Rate Countries in the world.

  • Country: Madagascar
    • Malagasy Ariary Currency Code : MGA
    • Symbol : Ar
    • 1 USD = 3,963 MGA.
    • The Highest currency denomination note = MGA 10,000
    • Coins: Ar1, Ar 2, Ar 5, Ar 10, Ar 20, and Ar 50
    • MGA 10,000 = USD 2.52.
Malagasy Ariary

Cambodian Riel

Cambodia is the country in southeast Asia. It is river trading route to link between India and China. After 1989 Cambodia had free election and their economy is steadily improving. The inhabitants believe in the Cambodian saying that” Fear not for the future and Weep not for the past”. It is the number 9 among the top 20 Cheapest Countries in the world.

  • Country: Cambodia
    • Cambodian Riel Currency Code : KHR
    • Symbol: ៛
    • 1 USD = 4074 KHR
    • The Highest currency denomination note = KHR 100,000
    • Coins : 50 Riel, 100 Riel , 200 Riel, and 500 Riel
    • KHR 100,000 = USD 24.54
Cambodian Riel

Paraguayan Guarani

Paraguay is the country in South America. The nation was participated in three Wars 1. War of triple Alliance, 2. Chaco War 3. Civil War. It is the number 8 among the top 20 Cheapest Countries in the world.

  • Country: Paraguay
    • Paraguayan Guarani Currency Code : PYG
    • 1 USD = 6,879 PYG
    • The Highest currency denomination note = PYG 100,000
    • PYG 100,000 = USD 14.54
Paraguayan Guarani

Guinean Franc

Guinea is one of the countries on the west African Atlantic cost. It is renowned for park and wildlife. The Capital is Bissau and has 1.9 Million inhabitant in this country. It is the number 7 among the top 20 Cheapest Countries in the world.

  • Country: Guinea
    • Guinean Franc Currency Code : GNF
    • Symbol: GFr
    • 1 USD = 9,768GNF
    • The Highest currency denomination note = LAK 20,000
    • Coins: 1 Franc, 5 Francs, 10 Francs, 25 Francs, and 50 Francs
    • GNF 20,000 = USD 2.05
Guinean Franc

Laotian Kip

The Laos is the country of North east Central in Southeast Asian nations. It has 650 miles from northwest to Southeast. It was under French colonization until 1975 and participated in World War 2 and Indochina War. In 1975 it emerged as communist country and economy has strengthened by attracting various travelers across world. The country debts and international aid were diminishing gradually. However, it has to go long way to come out from lowest exchange rate countries list. Currently It is the number 6 among the top 20 Cheapest Countries in the world.

  • Country: Laos
  • Laotian Kip Currency Code : LAK
  • Symbol: ₭N
  • 1 USD = 9,851 LAK
  • The Highest currency denomination note = LAK 100,000
  • LAK 100,000 = USD 10.15
Laotian Kip

Sierra Leonean Leone

Sierra Leone is indigent country. It has gone through various changes setbacks and sufferings as a nation. Further it was engaged in the recent war weaken the currency value of Sierra Leonean. The recurring Ebola virus is another reason for further lowering the exchange rate of Sierra economy. It is the number 5 among the top 20 Cheapest Countries in the world.

  • Country: Sierra Leone
    • Sierra Leonean Leone Currency Code : SLL
    • Symbol: Le
    • 1 USD = 10,524 SLL
    • The Highest currency denomination note = SLL 10,000
    • Coins: 10 Leones, 50 Leones, 100 Leones, 500 Leones
    • SLL 10,000 = USD 0.95
Sierra Leonean Leone

Uzbekistani Som

Uzbekistan is one of the central Asian countries and earlier it was part of Soviet republic. It is renowned for mosques and muslims infrastructure. It is the number 4 among the top 20 Cheapest Countries in the world.

monetary system is very liberal

  • Country: Uzbekistan
    • Uzbekistani Som Currency Code : UZS
    • Symbol: so’m
    • 1 USD = 10,668 UZS
    • The Highest currency denomination note = UZS 50,000
    • Coins: 1 so’m, 5 so’m, 10 so’m, 50 so’m, and 100 so’m
    • UZS 50,000 = USD 4.69
Uzbekistani Som

Indonesian Rupiah

Indonesia as country has stable economy and rated as developed nations in the Southeast Asia. However, Rupiah has low rate of exchange in comparison with other countries. All the efforts made by Indonesian government has led very tiny and unnoticed changes in developing and strengthen the national currency. It is the number 3 among the top 20 Cheapest Countries in the world.

  1. Country: Indonesia
    1. Indonesian Rupiah Currency Code : IDR
    1. 1 USD = 14,290 IDR
    1. The Highest currency denomination note = IDR 100,000
    1. IDR 100,000 = USD 7
Indonesian Rupiah

Vietnamese Dong

Vietnam is the second lowest currency in the world. Earlier it was closed market as a result it’s currency is the least valued currency in comparison with other nations. However, Vietnam is transforming from closed market to market economy. The specialist in economics says that it will soon catch up with neighbouring Asian countries and Vietnam would be removed from lowest valued currencies list soon.

  • Country: Vietnam
    • Vietnamese Dong Currency Code : VND
    • Symbol: ₫
    • 1 USD = 22,790 VND
    • The Highest currency denomination note = VND 500,000
    • VND 500,000 = USD 21.94
Vietnamese Dong

Iranian Rial

The Iranian Rial is rated as cheapest currency on the planet of earth. There are many reasons behind declining of the Iranian rial. Major factor is the restriction imposed on iran to access the world market and underprivileged of exporting oil. The secondary reason is the battle between Iran and Iraq.

  • Country: Iran
    • Iranian Riyal Currency Code : IRR
    • Symbol: ﷼
    • 1 USD = 42,190 IRR
    • The Highest currency denomination note = IRR 100,000
    • Coins : 500 Rials, 1000 Rials, 2000 Rials, 5000 Rials
    • IRR 100,000 = USD 2.37.
Irani Riyal

Source : Google Finance

Written by Saleh wasim

Blogger who writes topics such as Employment, News, travel, sports, events and life in Gulf.

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