Recently the Indian Rupee fell below 90 against the US Dollar for the first time in history. A fall in the currency of any country is not considered good for its economy and it causes many risks, which also includes increasing inflation. However, India remains one of the world’s fastest growing economies, and the government’s Chief Economic Adviser, V. Ananth Nageswaran, has expressed hope for a recovery in the rupee next year and does not see this as a cause for concern. But do you know which country’s currency is the weakest against the US dollar, and what is the condition of the currency of neighboring country Pakistan? Let us know…
Indian rupee fell below 90 for the first time
The Indian Rupee was on a falling trend for the last few days, and experts and traders were already predicting it to fall to 90. The pressure of selling by FPIs and non-finalization of India-US trade deal is clearly visible on the Indian currency. On Thursday, it fell to the level of 90.43 during trading, which is its lowest level till date. However, some improvement was seen on Friday.
What is the position of Pakistani rupee against the dollar?
Talking about the economically troubled neighboring country Pakistan, the Pakistani rupee is in a very bad condition against the US dollar. One dollar is equal to 282.57 Pakistani rupees. The Pakistani currency is more than three times weaker than the Indian currency, with one Indian rupee equal to 3.11 Pakistani rupees.
This is the weakest currency in the world
When it comes to the world’s weakest currency against the dollar, it is the Lebanese pound. If we look at the exchange rate, 89,550 Lebanese pounds are equal to one dollar. The country’s economy is also facing crisis for a long time.
Iranian Rial is at second place in the list
The Iranian currency is the second weakest currency in the world against the US dollar. Actually, the value of Iranian Rial per dollar is 0.00002. This means that one US dollar is equal to 42,000 Iranian Rials.
The condition of Vietnamese dong is bad
The Vietnamese dong is the world’s third weakest currency against the dollar. Its value is 0.00004 per dollar. If you exchange one dollar into Vietnamese dong in Vietnam, you will get 26,372 dong. Furthermore, the Laotian Kip is in fourth place, fetching 21,682 LAK for one dollar.
Second currency in the top 10 weakest currencies
If we look at other countries in the list of the world’s top 10 weakest currencies, West Africa’s Sierra Leone is at fifth place, where one dollar is equal to 23,164 Sierra Leonean Leone (SLL). The Indonesian rupiah is in sixth place, where 16,635 rupiah is equivalent to one dollar. At the seventh place is the Uzbekistani Som ($1 = 11,912 UZS), at the eighth place is the Guinean Franc ($1 = 8660 GNF), at the ninth place is the Paraguayan Guarani ($1 = 6,880 PYG), and at the tenth place is the Malagasy Ariary of Madagascar. One dollar is equal to 4,457 MGA.
