The main role in each country is played by the economy. Find out what state it is, you can, looking at the exchange rate. If the national currency is cheaper, the economic crisis in the country. The fluctuation of the course affects unemployment, high inflation, the lack of a balance between exports and imports, etc. On what the cheapest currency in the world, in which country it "goes" and why its value is so insignificant - in the material of the editorial board 24cm.
Uzbek sum
In 1993, sum coupons were introduced in Uzbekistan. In parallel, the Russian ruble was in circulation. A year later, Sumy became the only payment currency of the country. After the denomination of the Belarusian ruble occurred in 2016, Uzbek money became the cheapest currency among the former countries entering the USSR. 1 dollar costs 9577 units.
From turnover exclude banknotes 1994-1999. Their nominal is 100, 200, 500 soums. Until 2017, the largest bill was 5,000, but it was not enough, and additionally introduced 10,000 and 50,000. Now the Central Bank of the Republic of Uzbekistan released the currency in "Free Swimming".
The economy of the republic, despite the cheap currency, flourishes. 44% of enterprises are engaged in agriculture, 20% - industry, the rest work in the service sector. Natural gas is produced in the country, gold, cotton grows. The only weak side of Uzbekistan is grain crops. They are dependent on export, because its own production is enough only to cover 25% of the need.
Indonesian rupee
In Indonesia, the official currencies are the Indonesian rupee. The name is translated as "silver". This money appeared in 1945, before that, people paid the Netherlands Gulden and Japanese rupee. High inflation forced the Indonesia government to change the none cost of money signs.In 1997, an economic crisis occurred in Southeast Asia, due to which the Rupee rate fell by 35%. After this event, the currency never returned to normal. Price for 1 US dollar - 13,614 units . In 1993, the Bank of Indonesia issued 5 million polymer banknotes. The nominal was chosen 50,000 rupees. After 6 years, money from polymeric material was released again. The authorities hoped that to fake them would be difficult and they would stay in turn longer. The polymer wear is lower than the paper. But the problems with the counting machines returned paper banknotes into the economy.
Vietnamese Dong.
Monetary unit Vietnam - Dong. Translated as "copper". Release your own money the country began after the acquisition of independence. The first currency appeared in 1947, it produced North Vietnam. In the southern part of Dongi appeared in 1955. From the turn at that time, the Piastras of the Indochinese bank did not yet be removed. After in 1978, all parts of Vietnam united, the currency also became united. The authorities conducted a monetary reform.
In 2019, Vietnam still passes the restructuring stage from the centralized economy to the market. Country activitieside due to these events is cheaper. 1 US dollar is changed by 22,423 dong . Oddly enough, China "participated" in the fall of the Vietnamese currency. The international economic crisis pushed the Chinese government to the weakening of the position of Yuan. Vietnam - his direct competitor in export - received a blow to foreign exchange reserves. In relation to the ruble, Dong takes a weak position. 1 unit of Vietnamese currency exchanges by 0.0026 Russian.
Venezuelan Bolivar
Since 1879, Bolivar - Monetary Unit of Venezuela. At first, the currency was calculated in silver, later moved to gold. Since 2008, in the paper version there were banknotes with a par with a par from 5 to 50,000 Bolivarov. The economic crisis led to hyperinflation in Venezuela - 830,000%. The denomination planned in 2018 was transferred due to the reconfiguration of payment systems.President Nicholas Maduro announced that after changing the nominal money of Petro cryptocurrency, regulated by the Venezuelan government, will be tied to national currency. The digital asset was created for the "fight against the US dollar", but in fact everything became worse. The government independently defines the course of the American currency, which accelerated hyperinflation. 1 US dollar costs 56 664 Venezuelan units.
Bolivar - not freely convertible currency. To buy it to individuals in Venezuela is prohibited. In addition to the official price, the "black" market is flourishing in the country, where the cost of the currency is 10 times higher. In 2014, the price fell on oil, and with her the economic crisis began in Venezuela. Local residents know where the cheapest currency among the dealers. Not everyone is ready to give 5 million Bolivarov for the dollar rate.
Iranian Rial
Top countries in which the currency is cheap, did not cost without Iran. Since 1932, Rial is recognized as a national monetary unit. Before the country occurred in the country, Iran's currency was Toman (fog). If you turn to the story, Rial is found in 1798. Then the money was presented in the form of coins. In the 30s, paper banknotes appeared. Rial was recognized as convertible.
The depreciation of the local currency was influenced by the following factors:
- Irano-Iraq war;
- attacks on Israel;
- Threat to nuclear weapons.
Because of these reasons, most superpowers imposed sanctions to Iran. Economic and political restrictions prevented the development of the country. Iran did not bring commodities to the global market, which worsened the state of the economy. Oil, which was a golden residential state, no longer revenue. Iran did not supply it to foreign partners, and a budget deficit was formed.
Price 1 dollars on Iranian rials amounted to 42,105 units . On the "black" market the price reaches 114,000 rials. The first fall of the currency began in 2002, when America announced that Iran was a nuclear threat and should be isolated. After 10 years, another decline occurred, which provoked distrust by local residents. Most of them now prefer to keep money in foreign currency and willingly get rid of the rials.