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The world’s most worthless currencies
Devaluation is a reduction in the value of a currency with respect to other monetary units. In common modern usage, it specifically implies an official lowering of the value of a country’s currency within a fixed exchange rate system, by which the monetary authority formally sets a new fixed rate with respect to a foreign reference currency. In contrast, (currency) depreciation is most often used for the unofficial decrease in the exchange rate in a floating exchange rate system.
There could be many motives of the devaluation. It stimulates exports of commodities, it restricts import demand for goods and services, and it helps in creating a favourable balance of payments. Almost all the countries of the world have devalued their currencies at one time or the other with a view to achieving certain economic objectives. During the great depression of 1930 devaluation was carried by most countries of the world for the objecting of correcting over-valuation of currencies. For some weak currencies, devaluation is a process without end that leads to completely worthless currencies, such as the ones below:

CurrecyCountryExchange rate
RielCambodia4035.55 per dollar
GuaraniParaguay4659.27 per dollar
Guinean FrancGuinea6884.50 per dollar
KipLao7948.92 per dollar
RupiaIndonesia8826.13 per dollar
RialIran10,224.9 per dollar
ManatTurkmenistan14,250 per dollar
DobraSao Tome and Principe17,783.13 per dollar
DongVietnam19,327.13 per dollar

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