Top 5 countries of currency depreciation

Most people know about the strongest and powerful currency. But most of them don’t know about the weakest or most depreciated currencies in the world. Do you know?

If you don’t know the weakest or most depreciated currencies then you are in the right place. I am here to help you. In this article, I am going to tell you the top 5 countries of currency depreciation. You can take advantages of these deprecated currencies by traveling there or doing a business there. So without further talk, let’s get started.

Iranian Rial
When it comes to currency depreciation, there is no one that can compete with the Iranian Rial. The official rate of 1 USD is 42515 Iranian Rial and if you want to know the black market rate then it is 110000 Iranian Rial.

The possibility of Iraq-Iran war, the nuclear weapon issues, and Israel war are the main reasons for the depreciation of Iranian Rial.

Also, since they cannot get into the international market and at the same time they cannot export the oil as well, their economy is facing this catastrophic.

These are the main reasons that make the Iranian Rial the worst and most depreciated currency in the world.

Vietnamese Dong
Vietnamese is still trying to recover the currency depreciation. Actually, they are following China and they are trying to stop the currency trading freely.

That means it is a complete decision and as far as they will not change their decision, it will be quite impossible to recover the price. Their current rate 23293 against 1 USD.

Argentina peso
This is a currency that is declining and declining. No stopping. And this is why a lot of people suggest that if you have a little money and want to go abroad then you can go to Argentina. You can enjoy the country and you will need not much money at all.

Since Argentina economy depends on agro-industry. A recent drought heavily affects the agro-industry. As a result, the currency rate declines a lot.

Indonesian Rupiah
Indonesia is one of the developed countries of South Asia. They are stable and they have a good economy. However, the rate against the USD is very low. 14066 is the rate against 1 USD. Thought, the there government is taking all the necessary steps to improve the exchange rate, nothing is working actually.

Guinean Franc
9030 is the current rate of Guinean Franc against 1 USD. They have almost all precious metals to sell, however, the exchange rate is not good. And the sad thing is the government is not taking any appreciable effort to improve the rate.

Final verdict
There are a lot of countries out there whose currency rate is very low and if you want, you can take advantages of that. Don’t know how? Don’t panic. Read the article from investferry.com and after reading the article you will get a clear idea of how you can utilize your money and take advantages of the low currency rate.