Some friends may have mentioned Zimbabwe's currency. After all, 100 trillion banknotes have been issued. Of course, the Zimbabwean dollar also appeared on this list, but that was only between 2006 and 2009.
The ten least valuable currencies mentioned here are all from 2020. You never know, maybe any country will appear on this list.
Of course, the exchange rate fluctuates, and the exchange rate is different on different dates, so the exchange rate dates in 2020 are 10, 1 1, the day when the manuscript was written.
The exchange rate will provide two kinds of exchange rates: US dollar and RMB.
The tenth is the real from Asia and Cambodia, which is the legal tender of Cambodia, a monarchy in Southeast Asia. Currency symbol: KHR.
Exchange rate:
1 CNY=6 12 KHR
1 USD = 4, 102khr
The highest denomination of Riel banknotes in circulation is 654.38+ million Riel, equivalent to RMB 654.38+063. Because of the large denomination of money, coins are traditionally regarded as a symbol of poverty, and few people use them in the market. Small-scale consumption is almost entirely based on paper money trading.
At the same time, US dollars are circulating in Cambodia, and many shops are denominated in US dollars. In general transactions, USD and riel can be used at the same time, which is roughly 1 USD = 4,000 to 4,200 riel. At present, most people in Cambodia like to pay transactions in US dollars, which will lead to further depreciation of the local currency.
Guarani is the currency of Paraguay, a South American country. The name comes from Guarani, a local indigenous people. Currency symbol: PYG.
Paraguay Guarani exchange rate:
1 CNY= 1，05 1 PYG
1 USD = 039 PYG
Paraguay is a landlocked country in South America. Its economy is dominated by agriculture, animal husbandry and forestry, mainly producing cotton and soybeans. And it is relatively poor. It is one of the most backward countries in Latin America.
It is worth noting that Paraguay has no diplomatic relations with China at present.
Among the banknotes in circulation, the highest denomination is 654.38+ million guaraní.
The eighth place is also an Asian country. Kip Laos has been the legal tender unit of Laos since 1952. Currency symbol: LAK.
Laos kip exchange rate:
65438+1CNY =138.1+00000 rupees.
1 USD = 92.47 million rupees.
The highest denomination note is also 654.38+ million kips, which is converted into RMB 72 yuan.
Laos is a socialist country located in Indo-China Peninsula of Southeast Asia, the only landlocked country in Southeast Asia, bordering China. As a poor country, it is recognized as one of the least developed countries by the United Nations, and its GDP in 20 18 is the second lowest in Southeast Asia.
The Guinean franc is the currency of the African country Guinea. It can also be seen from the name of the franc that it was colonized by France. The currency symbol is GNF.
Guinea franc exchange rate:
1 CNY= 1，462 GNF
1 USD = 79 1 GNF
The highest denomination banknote in China is 20,000 francs, which is converted into RMB 13.7 yuan.
Guinea is a country located in West Africa. Its economy mainly depends on agriculture and mineral production, and it is one of the least developed countries declared by the United Nations. Economy, agriculture and mining are the main industries, but the industrial base is weak. Food cannot be self-sufficient. Most consumer goods are totally dependent on imports. It is the second largest bauxite producer in the world, rich in diamonds and gold mines.
Due to high inflation rate, increasing poverty and rampant gangs, Guinea, an African country, is one of the countries with the most serious inflation.
Sierra Leone is also a country in West Africa, bordering Guinea, which ranks seventh. Sierra Leone is the currency of Sierra Leone. From August 4th, 1964 was used to replace the British West African pound. Currency: SLL.
Sierra Leone exchange rate:
1 CNY= 1，478 SLL
1 USD = 9892 shillings.
The highest denomination banknote in China is 10000 Leon, equivalent to RMB 6.60.
The people of Sierra Leone have a low standard of living and are one of the poorest countries in the world. Its purchasing power, life span and education level are among the lowest in the world, and its construction is seriously inadequate. Because of its rich mineral resources, Sierra Leone's economy mainly depends on the mining industry, especially the drilling industry. One of the most widely known is that blood diamonds mined in Sierra Leone are expensive.
Sierra Leone is a very poor African country, which has undergone many severe tests, leading to the devaluation of its currency. A war broke out recently, and now Ebola virus is raging in this area.
Another Asian country, Som is the legal tender of Uzbekistan.
Currency symbol: UZS.
Uzbekistan som exchange rate:
1 CNY = 1.542 UZS
1 USD =10,320uzs
The highest denomination of banknotes in circulation is 654.38+ million soms, equivalent to RMB 65 yuan.
Uzbekistan, a landlocked country in Central Asia, became independent from the former Soviet Union in 199 1. It is the most populous region in Central Asia. The pillar industries of the national economy are "four gold": gold, platinum (cotton), black gold (oil) and blue gold (natural gas). However, the economic structure is single and the processing industry is relatively backward.
Due to the open monetary policy, since September 5, 2065,438+07, the exchange rate of the currency against the US dollar has been set at 865,438+000 sum, and it is estimated that the US dollar can be exchanged for 8000-865,438+050 sum.
Another Asian country, the Indonesian rupee is the legal tender of Indonesia, and the local Chinese are used to calling it Indonesian rupiah.
Currency: Indian Rupee.
Indonesian rupee exchange rate:
1 CNY = 220 1 rupee
1 USD = 14733 Indian Rupee.
The highest denomination of banknotes in circulation in China is 6,543,800 rupees, or about 45.4 yuan.
Indonesia is a Southeast Asian country, consisting of more than 17000 islands, and it is the largest island in the world.
The largest archipelagic country.
198 The Asian financial crisis, the successive natural disasters and the anti-Chinese movement caused great losses to Indonesia. The Indonesian rupiah dropped from 2600 to 1 USD to the low point of 14000 to 1 USD, and the economy declined 13.7%.
Indonesia is the largest economy in Southeast Asia and a member of G20, but its currency exchange rate is very low. The country's management is taking all measures to strengthen its currency, but all their efforts have had little effect.
The third is from our neighboring Vietnam, Dun, and the monetary unit of Vietnam. Currency symbol: Vietnamese dong.
Vietnamese dong exchange rate:
1 CNY = 3469 VND
1 USD = 23,221Vietnamese dong
The banknotes circulating in Vietnam are all plastic banknotes, and the highest denomination is 500,000 VND, which is 144 RMB.
Vietnam is located in Southeast Asia, with a population of more than 96 million, and its economic level is average, but higher than that of Myanmar, Cambodia and Laos.
Because the inflation rate has been higher than the international level for decades, the Vietnamese dong has become one of the lowest currencies in the world.
During the period of 2006 -2009, the Vietnamese dong and Zimbabwe dollar alternately became the lowest currencies. Mainly due to the continuous reform and adjustment of Zimbabwe dollar after its summit, the Vietnamese dong has remained very stable in recent years.
At present, the currency with the second lowest exchange rate in the world is the Iranian rial. Iranian rial is the common currency of Iran. Currency symbol: IRR.
However, on May 4, 2020, the Iranian Parliament voted to pass an amendment to the Iranian Currency and Banking Law, changing the official currency to "Toman" and exchanging it with 1 Wan Li yar 1 Tuman.
However, paper money has not yet appeared, and today it is still rial. Let's look at the exchange rate first.
Iranian rial exchange rate:
1CNY = 6,241internal rate of return
1 USD = ~ 244,000 IRR (black market exchange rate)
1 USD = 4 1, 94 1 IRR (official exchange rate)
The highest denomination of Iranian domestic currency notes is 100 Wan Li code, which is very high.
The devaluation of the Iranian rial began with the Islamic Revolution in 1979. At that time, the political situation in Iran was turbulent and many enterprises left Iran. Then came the Iran-Iraq war, the Iranian nuclear crisis and economic sanctions. At the same time, the Iranian government restricted its nationals from holding foreign exchange, which led to the further depreciation of the rial in the foreign exchange black market.
20 15 the Iranian government agreed to sign multilateral agreements with the United States, France, Britain, China, Russia and Germany in exchange for easing economic sanctions. This has stabilized the exchange rate of the Iranian rial.
However, in 20 18, the United States claimed that Iran was still carrying out nuclear activities in violation of multilateral agreements. The intensification of economic sanctions has seriously affected Iran's participation in the global commodity market. Oil export, which accounts for 69% of the annual export share, is banned, which has caused serious financial difficulties for the Iranian government. The expanded economic sanctions also include other industries, such as petrochemical industry and metal smelting.
By May 2020, Iran's domestic inflation will be severe and the sovereign currency will depreciate by 600%. The Iranian government announced that the official currency was changed from Rial to Tuman, and the original Rial of 10000 yuan could only be changed into Tuman of 1. Just subtract four zeros. The Iranian rial has thus become history.
At present, the lowest exchange rate currency in the world is Venezuela's sovereign Bolivarian. Sovereign Bolivarian is a new currency issued by Venezuela on August 20, 20 18, with the symbol VES. It replaced the original currency name Bolivar and the currency name Bolivar before 2008.
Due to inflation, the exchange rate between Bolí var and powerful Bolí var is 65,438+0,000: 65,438+0, while the exchange rate between powerful rival and sovereign Bolí var is 65,438+0, and the corresponding exchange rate between Bolí var and sovereign Bolí var is 65,438+0. As short as 10 year, 1 billion change 1 block.
Venezuela's sovereign Bolivarian exchange rate:
1 CNY = 47046 VES
1 USD = 3 19435 Syrian pound.
At the paper currency level, due to the rapid inflation in Venezuela, the highest denomination is only 50,000 sovereign bolivars. I can't even print, and the printing quality is getting worse and worse.
However, in Venezuela, the US dollar and the euro are the most used currencies.
Due to the global outbreak of COVID-19 virus and Venezuela's persistent inflation, Venezuela's sovereign currency, Bolivarian, depreciated sharply in 2020. At present, Bolivarian is considered to be the most devalued currency in the world.
The current Bolivarian banknotes are new banknotes reissued on August 20, 20 18. At that time, Venezuela's inflation was also very serious. The currency depreciated by 830,000 yuan, and the daily exchange rate fell sharply, which has seriously affected people's daily life and the economic activities of enterprises.
The government issued the cryptocurrency Petrocoin in order to "fight against the dollar", but this will only accelerate the hyperinflation rate, because the government will decide its value at will.
The following are the top ten most worthless currencies in the world in 2020. Compared with the top ten most valuable currencies in the world before me, it can be said that the gap between the rich and the poor is too big. The level of currency exchange rate is also proportional to the national economic strength to a certain extent. It can also be seen from this comparison that the imbalance of the global economy is very serious.
According to my statistics, Iran, Vietnam, Indonesia, Uzbekistan, Laos and Cambodia account for six of the least valuable 10 currencies in the world. Africa has Sierra Leone and Guinea, and South America has Venezuela and Paraguay.
Asia ranks sixth for the time being, which can be said to be leading the way. But there's a reason.
Usually, after hyperinflation, in order to stabilize the currency and simplify the calculation, in the process of issuing paper money, old paper money is usually replaced with new paper money with smaller face value. For example, Iran and Venezuela mentioned above will issue new monetary units every once in a while.
Due to this fact, some currencies have withdrawn from the above list.
For example, when the exchange rate of Belarusian rouble was high, it was $65,438+0 = 23,988 Belarusian roubles. On July 6, 2065,438+06, the Central Bank of Belarus issued new rubles, 65,438+00 new rubles = 65,438+00,000 old rubles. And Zimbabwe dollars, of course. At present, the highest denomination in Zimbabwe is 20 yuan. Compared with the previous denomination of 100 trillion, it's really a sigh, haha.
Vietnam, Indonesia, Laos and Cambodia in Asia are relatively stable currencies despite their low exchange rates. Due to historical wars, financial crises and other events, the exchange rate fell. Generally speaking, it is difficult for the exchange rate to rise again after a sharp drop. Moreover, the currencies of these countries have been replaced by new banknotes with smaller denominations, so the exchange rate is so low.
Having said that, there is not only a question, why does the currency depreciate?
China also experienced currency devaluation in 1930s and 1940s. It is the legal tender of the Republic of China. During the civil war, the government of the Republic of China issued a large amount of money to pay for military expenses, which increased by more than 1000 times in a few years, causing vicious inflation among the people.
In most cases, the devaluation of a country's currency is due to its domestic economic recession. This has led to an increase in the balance of payments deficit and inflation rate. This may be the result of different economic recessions, such as war action, the decline of gross domestic product, the depreciation of commodities as the basis of export, the decline of purchasing power, the tightening of credit conditions, domestic political instability and so on.
Ok, here is an encyclopedia of paper money, which only talks about fireworks of paper money. Give me a compliment if you like it! See you next time!
Related questions and answers: Which countries' currencies are the least valuable in the world? At present, the world's most worthless currency ranks first: 65438+ 1 100 million Zimbabwe dollars = 4 US dollars; second: 500,000 Vietnamese dong = 30 US dollars; third:100,000 Indonesian rupees =1US dollars; fourth: 50,000 Iranian riyals = 5 US dollars; fifth: 50,000.