The currencies of various countries in the world show different exchange values due to economic factors, purchasing power factors, exchange rate changes, etc. The following is an interception and list of the world’s “least valuable” currencies based on exchange rates in different periods. Due to exchange rate changes, the ranking is for reference only , which are respectively introduced as follows:
1. Zimbabwe Zimbabwean dollar
1 US dollar = 642 giga Zimbabwean dollars (reference value)
The Zimbabwe dollar (Zimbabwe dollar) is a currency issued by the Reserve Bank of Zimbabwe and is the legal tender of Zimbabwe. Each dollar is divided into 100 cents (cents). The ripples on the shield symbolize the vast waters of Zimbabwe.
Inflation has occurred in Zimbabwe before. Its prices are getting higher and higher, but money is getting thinner and thinner. Inflation has made many people cry.
2. The Somali Shilling
Somalia officials have never given official figures on the inflation rate, the only certainty is that the inflation rate is very high. Reasons for the devaluation of Somalia’s currency: After the fall of the Somali regime in 1991, its entire system collapsed, and some regions even established their own central banks. Due to the lack of a central regulatory agency in the Somali currency system, investors set their own rules and exchange rates, and counterfeit currency is also proliferating. It is worth mentioning that since the central bank no longer prints paper money, investors and warlords have printed new shillings themselves in Canada and Southeast Asia and shipped them back to the country for use again.
3. Manat, Turkmenistan
1 USD = 24000 manats (reference value)
The manat is the currency unit of Turkmenistan and Azerbaijan. Turkmenistan was once one of the former Soviet republics. After the collapse of the Soviet Union, it began to use its own currency, the manat, to replace the Russian ruble, and former President Niyazov put his picture on all the country’s currencies.
According to the news agency of Astana on January 3, 2015, the Central Bank of Turkmenistan devalued the national currency manat by 18.6% on the 1st local time. Nat. Turkmenistan’s Ministry of Oil and Gas Industry and Mineral Resources earlier announced that gasoline prices have risen by 60%. Analysts believe that this time it may be the Russian economic crisis that “affected Chiyu“. Under the double pressure of the continuous decline in oil prices and the continuous success of Western sanctions, the exchange rate of the Russian ruble against the US dollar has been falling all the way.