8 cheapest currencies in the world

Iranian Rial (IRR): 1 Indian Rupee equals 508.53 IRR, making it the world's least valuable currency. Factors contributing to its depreciation include political unrest, the Iran-Iraq war, and the nuclear program.

Vietnamese Dong (VND): 1 Indian Rupee is equivalent to 286.53 VND. Vietnam, in the process of transitioning from a centralized economy to a market economy, is experiencing considerable devaluation.

Sierra Leonean Leone (SLL): 1 Indian Rupee is equivalent to 237.59 SLL. Sierra Leone, an African nation, faces severe poverty and has a history of scandals, corruption, and wars, leading to a decline in both its currency's value and the country's economy.

Lao/Laotian Kip (LAK): 1 Indian Rupee is equal to 232.94 LAK. Since its establishment in 1952, the value of the Lao currency has remained relatively low, although it has gradually increased over time.

Indonesian Rupiah (IDR): 1 INR is equivalent to 184.40 IDR. The Indonesian Rupiah has not shown any improvement over the past seven years, primarily due to factors such as declining foreign exchange reserves, central bank issues, and the country's heavy reliance on commodity exports.

Uzbekistani Som (UZS): 1 Indian Rupee is equal to 145.06 UZS. Uzbekistan's weak economy results in a weak currency, and while the pandemic impacted the nation's economy

Guinean Franc (GNF): 1 Indian Rupee is equivalent to 103.20 GNF. The Guinean Franc serves as the official currency of Guinea.

Ugandan Shilling (USH): 1 Indian Rupee is equivalent to 44.86 USH. In 1966, the Ugandan Shilling replaced the East African Shilling.

Paraguayan Guarani (PYG): 1 Indian Rupee is equal to 87.21 PYG. The country experienced a devastating economic collapse, resulting in high inflation, corruption, high unemployment, and increased poverty, all of which have had a detrimental effect on the currency.

Source - Forbes India