There are many countries in the world where with a hundred dollars in your pocket you can feel like a real millionaire. Here are ten of the cheapest national currencies in the world, where prices in stores are measured in thousands, and sometimes even millions.
The currency of Zimbabwe is the dollar (ZWL). This currency was banned in 2009. Incredibly, in June 2009, one US dollar was worth about 45 million Zimbabwean money. Now the US dollar and the South African welt have become the settlement currency in Zimbabwe, because the inflation rate in this country is simply off scale.
The currency of Iran is the rial (IRR). One US dollar costs about 26,931 IRR here. The country has been living for many years under the conditions of tough economic sanctions imposed by Western countries, and the Iranian economy has not yet recovered after the bloody Iran-Iraq war.
The currency of Vietnam is the dong (VND). One dollar here costs 21,388 VND. The economic policy of the Vietnamese government purposefully keeps the national currency at a low level. This helps to increase exports and ease the transition from a planned economy to capitalism.
Indonesia's currency is the rupee (IDR). In this island state at the end of 2014, one US dollar was given 12,336 rupees. According to international experts, the main problems of Indonesia are a high level of corruption, poor infrastructure, poor geographic location and bureaucracy.
The currency of Belarus is the ruble (BYR). In the Republic of Belarus, the national currency rate is set by the National Bank. One dollar here costs 10,950 BYR. In December 2014, this country introduced a 30% tax on the acquisition of currency. It turns out that the real exchange rate of the Belarusian ruble against the dollar is approximately 14,236 BYR.
The currency of Laos is the kip (LAK). One US dollar - 8,077 LAK. Laos' economy is based on agriculture. Most of the population here lives off the cultivation of rice. Laos is experiencing economic growth, but it is hampered by the country's aging infrastructure and lack of electricity in some regions of Laos. Currently, the country lives on the economic aid of foreign countries.
Guinea's currency is the franc (GNF). The US dollar is worth 7,030 GNF here. Guinea is rich in natural resources, but the huge constant influx of refugees from neighboring countries - Sierra Leone and Liberia creates economic difficulties. Guinea has also experienced outbreaks of Ebola.
The currency of Zambia is kwacha (ZMW). Zambia's economy is completely dependent on world copper prices. More than 80% of this country's exports come from the sale of copper ore.
Paraguay's currency is Guarani (PYG). One US dollar in December 2014 was worth approximately 4,619 PYG. Paraguay is an exporter of cotton and soybeans. The country has an extremely high level of corruption and massive impoverishment of the population. A huge problem on a national scale is the very low level of education of the Paraguayans.
The currency of Sierra Leone is leone (SLL). In December 2014, the cost of one dollar was approximately 4,315 leone. This African country is in the deepest economic crisis that has lasted here for decades. Sierra Leone has been battling the Ebola epidemic lately. Despite the fact that the country exports diamonds, coffee and cocoa, the forecasts of leading economists for this state are extremely disappointing.
