We all are perhaps aware of the most strongest currencies in the world. They are Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar and many more. However, do you know that there are many currencies in the world which are worth so less that they have to print huge denomination bills.
In this article, we will check the Top 10 Least Valuable Currencies of the World in 2022.
10. The Iraqi Dinar (1 INR = 17.92 IQD)
The number 10 spot goes to the Iraqi Dinar. It is divided into 1000 fils. The Iraqi dinar entered circulation on 1 April 1932, replacing the Indian rupee, which had been the official currency since the British occupation of the country in World War I, at a rate of 1 dinar = 11 rupees.
Symbol: ع.د
ISO CODE: IQD
Central Bank: Central Bank of Iraq
Value of the Iraqi Dinar
1 IQD = INR 0.056
1 IQD = PKR 0.16
1 IQD = BDT 0.07
1 IQD = USD 0.00069
1 IQD = EURO 0.0007
9. The Ugandan Shilling (1 INR = 46.91 UGX)
The number 9 spot goes to the Ugandan Shilling. It is divided into 100 cents. Due to substantial inflation the shilling now has no subdivision. The first Ugandan shilling (UGS) replaced the East African shilling in 1966 at par. Following high inflation, a new shilling (UGX) was introduced in 1987 worth 100 old shillings. The shilling is usually a stable currency and predominates in most financial transactions in Uganda
Symbol: USh
ISO CODE: UGX
Central Bank: Bank of Uganda
Value of the Ugandan Shilling
1 UGX = INR 0.021
1 UGX = PKR 0.059
1 UGX = BDT 0.026
1 UGX = USD 0.00026
1 UGX = EURO 0.00027
8. The Paraguayan Guarani (1 INR = 86.57 PYG)
The number 8 spot goes to the Paraguayan Guarani. The guaraní was divided into 100 céntimos but, because of inflation, céntimos are no longer in use. The guaraní is currently one of the least valued currency unit in the Americas.
Symbol: ₲ or Gs
ISO CODE: PYG
Central Bank: Banco Central del Paraguay
Value of the Paraguayan Guarani
1 PYG = INR 0.012
1 PYG = PKR 0.032
1 PYG = BDT 0.014
1 PYG = USD 0.00014
1 PYG = EURO 0.00014
7. The Guinean Franc (1 INR = 105.66 GNF)
The number 7 spot goes to the Guinean Franc. It is subdivided into 100 centimes, but no centime denominations were ever issued. The first Guinean franc was introduced in 1959 to replace the CFA franc. In 1971, the franc was replaced by syli at a rate of 1 syli = 10 francs. Currently, the smallest denomination in circulation is the 500 francs note due to diminished purchasing power.
Symbol: FG, Fr, GFr
ISO CODE: GNF
Central Bank: Central Bank of the Republic of Guinea
Value of the Guinean Franc
1 GNF = INR 0.0095
1 GNF = PKR 0.026
1 GNF = BDT 0.012
1 GNF = USD 0.00012
1 GNF = EURO 0.00012
6. The Uzbekistani Som (1 INR = 134.26 UZS)
The number 6 spot goes to the Uzbekistani Som. It is subdivided into 100 tiyin but the subdivisions do not exist due to inflation. The official name of the Soviet currency in Kazakh, Kyrgyz and Uzbek was soum, and this name appeared written on the back of banknotes, among the texts for the value of the note in all 15 official languages of the USSR. The word soum (alternatively transliterated "sum" or "som") means "pure" in Kazakh, Kyrgyz, Uyghur and Uzbek, as well as in many other Turkic languages. The word implies "pure" silver or gold and thus is similar in etymology to sterling.
Symbol: so'm
ISO CODE: UZS
Central Bank: Central Bank of Uzbekistan
Value of the Uzbekistani Som
1 UZS = INR 0.0074
1 UZS = PKR 0.021
1 UZS = BDT 0.0093
1 UZS = USD 0.000091
1 UZS = EURO 0.000093
5. The Indonesian Rupiah (1 INR = 187.50 IDR)
The number 5 spot goes to the Indonesian Rupiah. The rupiah is divided into 100 sen, although high inflation has rendered all coins and banknotes denominated in sen obsolete. The rupiah is the official currency of Indonesia. It is issued and controlled by Bank Indonesia. The name "rupiah" is derived from the Sanskrit word for silver, rupyakam. Sometimes, Indonesians also informally use the word perak in referring to rupiah in coins.
Symbol: Rp
ISO CODE: IDR
Central Bank: Bank Indonesia
Value of the Indonesian Rupiah
1 IDR = INR 0.0053
1 IDR = PKR 0.015
1 IDR = BDT 0.0066
1 IDR = USD 0.000066
1 IDR = EURO 0.000067
4. The Sierra Leonean Leone (1 INR = 193.96 SLL)
The number 4 spot goes to the Sierra Leonean Leone. It is subdivided into one hundred cents. The leone was introduced on 4 August 1964. It replaced the British West African pound at a rate of 1 pound = 2 leones (i.e., 1 leone = 10 shillings). When it was introduced, one leone was worth precisely half a pound sterling or US$1.40. The leone was worth more than the U.S. dollar until the 1980s, when the currency started to devalue rapidly. Years of high inflation have caused the value of leone to plummet, and a U.S. dollar became worth thousands of leones starting in the 2000s. In August 2021, it was announced that a new leone, worth 1000 of the current leones, would be introduced. The new leone was eventually introduced in July 2022. Old leone denominations remain legal tender and continue to circulate.
Symbol: Le
ISO CODE: SLL
Central Bank: Bank of Sierra Leone
Value of the Sierra Leonean Leone
1 SLL = INR 0.0052
1 SLL = PKR 0.014
1 SLL = BDT 0.0064
1 SLL = USD 0.000063
1 SLL = EURO 0.000064
3. The Laotian Kip (1 INR = 202.42 LAK)
The number 3 spot goes to the Laotian Kip. Historically, one kip was divided into 100 att. The term derives from ກີບ kì:p, a Lao word meaning "ingot."
Symbol: ₭ or ₭N
ISO CODE: LAK
Central Bank: Bank of the Lao P.D.R
Value of the Laos Kip
1 LAK = INR 0.0049
1 LAK = PKR 0.014
1 LAK = BDT 0.0061
1 LAK = USD 0.000061
1 LAK = EURO 0.000062
2. The Vietnamese Dong (1 INR = 293.33 VND)
The number 2 spot goes to the Vietnamese Dong. One Dong was divided into 100 xu but it is no longer in use due to inflation. The dong has been the currency of Vietnam since 3 May 1978. It is issued by the State Bank of Vietnam. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.
Symbol: ₫
ISO CODE: VND
Central Bank: State Bank of Vietnam
Value of the Vietnamese Dong
1 VND = INR 0.0034
1 VND = PKR 0.0095
1 VND = BDT 0.0042
1 VND = USD 0.000042
1 VND = EURO 0.000043
1. The Iranian Rial (1 INR = 519.40 IRR)
The position for the least valuable currency in the world (2022) goes to the Iranian Rial. The rial's new low came as U.S. sanctions against the country are still in force. Iran's economy is struggling mightily mostly because of the U.S. pullout from the 2015 nuclear deal between Iran and world powers that restored sanctions on Iran's oil and banking sectors
Symbol: ﷼
ISO CODE: IRR
Central Bank: Central Bank of the Islamic Republic of Iran
Value of the Iranian Rial
1 IRR = INR 0.0019
1 IRR = PKR 0.0053
1 IRR = BDT 0.0024
1 IRR = USD 0.000024
1 IRR = EURO 0.000024
So here we are - The top 10 least valuable currencies of the world in 2022. Hope you enjoyed reading this article.
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Last updated on 04/10/2022
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