Check Your GK: Top 7 Cheapest Currencies In The World
By Jasreet Kaur02, Aug 2024 01:30 PMjagranjosh.com
Cheapest Currencies
Do you know about cheapest currencies in the world? Understanding these currencies gives insight into the financial conditions of different parts of the world. Tap to read about cheapest currencies in the world.
Iranian Rial (IRR)
The Iranian Rial is the currency of Iran. Its value has reduced significantly due to economic sanctions and inflation.
Vietnamese Dong (VND)
The dong is Vietnam’s currency. It remains one of the least expensive currencies globally even with strong economic growth.
Indonesian Rupiah (IDR)
Indonesia uses Indonesian rupiah as a currency. High inflation and other factors have made it devalue against major world currencies.
Guinean Franc (GNF)
Guinea uses Guinean francs as its currency unit. This country experiences economic challenges including low export revenues that lead to very weak value of their currencies.
Lao Kip (LAK)
Lao’s national currency is kip which is among the lowest valued due to this nation’s economy and super inflated rates there-in.
Uzbekistani Som (UZS)
Uzbekistan uses soms as its national currency unit whereby its value remains relatively low due to ongoing economic reforms as well as inflation.