Today, the world is more prosperous and safer than any time in history. However, globalization has not evenly distributed wealth across the globe, with several countries having to cope with astronomical inflation, while the developed world manages at a reasonable rate of 2-3%. There are several factors contributing to the dramatically decreased value of the countries included in the most inflated currency of 2016 list, for example, Vietnam’s communist government has hampered its country’s economic growth by alienating the market economy for decades. However, the Communist Party has made significant steps to implement a mixed economy and are now Southeast Asia’s top performer. Read on below the list of the most inflated currency of 2016:
Value: 8,220.30 Laotian Kip = $1 USD
GDP (Purchase power parity) per capita: $5,718
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Value: 13,352 Indonesian Rupiah = $1 USD
GDP (PPP) per capita: $11,633
Value: 19,750 São Tomé and Príncipe Dobra = $1 USD
GDP (PPP) per capita: $3,344
Value: 22,650 Vietnamese Dong = $1 USD
GDP (PPP) per capital: $6,414
Value: 32,364 Iranian Rial = $1 USD
GDP (PPP) per capita: $18,135
These are in stark contrast to the top 5 countries with the least inflated currency, which are a mix of Western and Middle-Eastern nations. Surprisingly, the U.S. dollar did not make the list because the most valuable currencies don’t necessarily belong to the richest countries.
Value: 0.93 Euro = $1 USD
GDP (PPP) per capita: $40,600
Value: 0.79 British Pound = $1 USD
GDP (PPP) per capita: $42,514
Value: 0.39 Omani Rial = $1 USD
GDP (PPP) = $43,737
Value: 0.39 Bahraini Dinar = $1 USD
GDP (PPP) = $50,302
Value: 0.30 Kuwaiti Dinar = $1 USD
GDP (PPP) per capita = $73,017
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