Traditional Culture Encyclopedia - Traditional culture - Inventory: the five least valuable currencies in the world.

Inventory: the five least valuable currencies in the world.

Money is a contract between the owner and the market about the exchange of rights, which is basically an agreement between the owners. Every country in the world has its own unique currency, but some countries' currencies are very worthless and even have terrible denominations. Let's take a look at it today.

Zimbabwe dollar is the currency issued by reserve bank of zimbabwe and the legal tender of Zimbabwe. Every 1 yuan is divided into 100, and its symbol abbreviation is "$" or "Z$". In 20 100, Zimbabwe introduced 100 trillion denomination currency. Does it sound terrible, but it's actually useless? 1000 billion Jin RMB is about 8-9 yuan RMB, and only a handful of vegetables can be bought.

At present, the currency used in the Republic of Somaliland is the Somaliland shilling, which is issued by the National Bank as 1994. About 6 yuan, RMB can be converted into 7000 shillings. Because the authorities do not prohibit the trading of paper money, it is completely legal to buy and sell paper money. Coupled with the poor economy in Somaliland, people have no confidence in their own currency and are willing to exchange foreign currency, which has formed a unique scene of "paper money market".

The economy of Laos has been developing continuously, but the currency of Laos is still the same as before, with the lowest face value 1 and the highest 1 10,000. At present, Laos Kip can barely buy a popsicle in 2000. At present, 1 Laos Kip =0.0007736 RMB.

Dobra is the name of the Democratic Republic of Sao Tome and Principe. There are 5000 dobra, 10000 dobra, 20000 dobra, 50000 dobra, 100000 dobra. This country is an island country in Africa, and its currency has been depreciating. Now they have fallen into the trough, so they will not issue coins because it is not worth it. Basically, everyone who lives here is pregnant with huge sums of money, and everyone is a multimillionaire. Doesn't that sound great?

Ecuador's currency is also very worthless, because its currency has been depreciating and even stopped issuing. At the peak of depreciation, 1 yuan can be exchanged for more than 3,000 sucres. During the period of 1999, Ecuador's Sucre depreciated by 67% against the US dollar, reaching 1 25,000 Sucre on June 7, 2000.