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Dream - The exchange rate of each country's currency is not the same. The price of currency is relative, its value fluctuates depending on supply and demand.
The exchange rate of currency is not only determined by the exchange rate against other currencies. But by factors such as inflation, monetary policy, and economic stability.
Currently the United States dollar (US) is still the benchmark for the exchange rate of world currencies, because this currency is the most widely traded globally. According to a report from Forbes, here are the 10 lowest currencies in the world in 2024.
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "Rial Iran is the weakest currency in the world. IRR1 is equivalent to US$0.000024 or USD1 is equivalent to IRR41,667. Although it is now freely floating, the currency has remained in the range of 42,000 Rials against the dollar for the past few years."
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: The Vietnamese dong is the second weakest currency in the world. 1 Vietnamese dong is equivalent to US$0.000041. This means that US$1 is equal to VND24,390. The Vietnamese currency has weakened due to restrictions on foreign investment and recent export decline, as well as the increase in interest rates in the US.
Leone Sierra Leone is the third weakest currency in the world. The value of SLL1 is equivalent to US$0.000048. This means US$1 is equivalent to SLL20,833. The value of Leone has been dragged down by inflation of more than 40 percent, coupled with high debt, economic growth slowdown, and long-term impact of the Ebola outbreak.
Laos or Lao kip is the fourth weakest currency, with 1 Kip equivalent to US$0.000049. This means US$1 is equivalent to LAK20,408. This country is plagued by slow economic growth, increasing foreign debt, and high inflation. Therefore, it puts pressure on its currency.
Indonesia enters with the rupiah as the fifth weakest currency in the world, with Rp1 equivalent to US$0.000062. This means that US$1 is equivalent to Rp16,225. Indonesia is the largest Southeast Asian country based on GDP thanks to its service sector, and this country is also rich in commodities. However, the exchange rate of the rupiah weakens against other currencies due to high inflation and concerns of recession.
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "Pound Lebanon is the sixth weakest currency in the world with 1 pound valued at US$0.000066. This means that US$1 is equivalent to LBP14,925. Pound Lebanon hit a record low against the US dollar in early 2021. This condition occurred due to a highly pressured economy, high inflation and unemployment, banking crisis, and political unrest."
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "Som Uzbekistan is the seventh weakest currency in the world with 1 som equivalent to US$0.000081. This means that US$1 is equivalent to UZS12,346. Uzbekistan has implemented economic reforms but still struggles with low economic growth, high inflation, unemployment, and corruption."
Franc Guinea is the eighth weakest currency in the world with 1 franc equivalent to US$0.00012. This means that US$1 is equivalent to GNF8,621. This country has abundant natural resources such as gold and diamonds. However, Guinea is experiencing difficulties due to high inflation, military unrest, and the influx of refugees from neighboring countries, Liberia and Sierra Leone.
Guarani Paraguay is the ninth weakest currency, with 1 guarani equal to US$0.00014. This means that USD1 is equivalent to PYG7,463. This country is a major producer of soybeans, stevia (a sugar substitute), and beef, as well as an exporter of corn and sugarcane. However, its currency is under pressure due to high inflation, corruption, and counterfeit currency.
The last one on the list is the Ugandan shilling, with 1 shilling equivalent to US$0.00026. This means that USD1 is equivalent to UGX3,759. This country is rich in commodities such as oil, gold, and coffee. However, its economy is plagued by unstable economic growth, high debt, and political unrest.
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