The Lowest Currency in the World

The Exchange Rate of a Currency or usually called the Exchange Rate is essentially dependent on the Supply (Demand) and Demand (Demand) principles. The higher the demand, the higher the exchange rate. But on the contrary, more supply than demand will cause the exchange rate of a country's currency to be low.

The lowest Currency is the Currency of a State whose unit is of lower value compared to the currency of the other State or the amount of certain items that can be purchased. The causes of the Currency Exchange are low, such as trade balance deficit, low interest rate and also public debt and economic and political condition of a country. The Lowest Currency Exchange is also called the Cheapest Currency.

Previously, precisely in 2009, the lowest Currency Value in the World is Zimbabwean Dollar, which is a State on the African continent. Its exchange rate of one US Dollar US $ is Z $ 300,000,000,000,000. On April 12, 2009, however, the Zimbabwean Government officially left Zimbabwean Dollar and used foreign currency as Transaction Currency in its State. Some Currencies used by Zimbabwe include such as South African Rand, Bula Botswana, Indian Rupee, Pound Sterling, Euro, Yuan and United States Dollar.

Currently, the world's lowest currency is the Iranian Rial abbreviated to IRR. The Iranian Rial Exchange Rate of 1 US Dollar (USD) is 30,093 based on Yahoo Currency Converter on September 2nd, 2016. The currency of the Republic of Indonesia, Rupiah is also included in the list of 10 lowest currencies in the world. Based on Yahoo Currency Converter, we need Rp. 13258 to get US $ 1.