Most Inflated Currencies In The World

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:

 

  1. Laos

Value: 8,220.30 Laotian Kip = $1 USD

GDP (Purchase power parity) per capita: $5,718

laos currency

  1. Indonesia

Value: 13,352 Indonesian Rupiah = $1 USD

GDP (PPP) per capita: $11,633

indonesia currency

  1. São Tomé and Príncipe

Value: 19,750 São Tomé and Príncipe Dobra = $1 USD

GDP (PPP) per capita: $3,344

sao tome currency

  1. Vietnam

Value: 22,650 Vietnamese Dong = $1 USD

GDP (PPP) per capital: $6,414

vietnam currency

  1. Iran

Value: 32,364 Iranian Rial = $1 USD

GDP (PPP) per capita: $18,135

iran currency

 

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.

  1. European Union

Value: 0.93 Euro = $1 USD

GDP (PPP) per capita: $40,600

eu currency

  1. United Kingdom

Value: 0.79 British Pound = $1 USD

GDP (PPP) per capita: $42,514

uk currency

  1. Oman

Value: 0.39 Omani Rial = $1 USD

GDP (PPP) = $43,737

oman currency

  1. Bahrain

Value: 0.39 Bahraini Dinar = $1 USD

GDP (PPP) = $50,302

bahrain currency

  1. Kuwait

Value: 0.30 Kuwaiti Dinar = $1 USD

GDP (PPP) per capita = $73,017

kuwait currency

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By Admin | February 1, 2017 | Editorials | 0 comments

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