10-figure weasel
Meet Granville, the self-proclaimed high-flying entrepreneur whose boasts of a 10-figure salary dominate every conversation. With each LinkedIn post, he flaunts his supposed lavish lifestyle, expensive cars, and luxurious holidays, painting a picture of unparalleled success. Yet, behind the facade lies a stark reality: Granville still resides in his Mum's back bedroom, earning his meager income from a humble paper round. His inflated claims, profess in the language of wealth and prosperity, serve only to deceive and manipulate, leaving his audience feeling inadequate.
But how does Granville get away with these outlandish claims? He calculates his earnings in the least valuable currencies in the world. BINGO! Think of that next time these attention-seeking buffoons ply their limited worth.
Here is a list of the 10 least valuable currencies in the world.
Iranian rial (IRR): Holding the unenviable title of the weakest currency globally, the Iranian rial stands at 1 rial to 0.000024 US dollars. Despite Iran's significant position as a global exporter of oil and natural gas, the rial grapples with relentless pressures from economic sanctions, political instability, and rampant inflation.
Vietnamese dong (VND): The Vietnamese dong follows closely, with 1 dong valued at 0.000041 US dollars. Despite Vietnam's burgeoning industries, including electronics and textiles, the dong contends with constraints on foreign investment and a recent export slowdown, coupled with apprehensions regarding rising US interest rates.
Sierra Leonean leone (SLL): At 1 leone to 0.000048 US dollars, the Sierra Leonean leone claims the third spot. Despite the country's natural resource wealth, including timber and minerals like diamonds and gold, the leone struggles against inflation rates exceeding 40%, a sluggish economy, and the lingering aftermath of the Ebola outbreak.
Laotian kip (LAK): With 1 kip equaling 0.000049 US dollars, the Laotian kip occupies the fourth position. Laos, reliant on exports like copper and timber, faces headwinds of economic stagnation, escalating foreign debt, and soaring inflation rates, exerting downward pressure on its currency.
Indonesian rupiah (IDR): Ranked fifth, the Indonesian rupiah trades at 1 rupiah to 0.000064 US dollars. Despite Indonesia's vast resource wealth and a dominant services sector, the rupiah faces depreciation fueled by high inflation and concerns over economic recession.
Lebanese pound (LBP): The Lebanese pound, at 1 pound to 0.000066 US dollars, grapples with economic turmoil, high inflation, and political unrest, culminating in a record low against the US dollar in early 2021. Lebanon's service-oriented economy and exports of precious metals and food products struggle to offset these challenges.
Uzbekistani som (UZS): At 1 som to 0.000081 US dollars, the Uzbekistani som contends with a legacy of economic reforms amidst persistently low growth rates, rampant corruption, and inflationary pressures. Despite its substantial cotton and mineral reserves, Uzbekistan faces an uphill battle in stabilizing its currency.
Guinean franc (GNF): The Guinean franc, valued at 1 franc to 0.00012 US dollars, wrestles with a history of military unrest, high inflation, and an influx of refugees, impairing Guinea's efforts to capitalize on its abundant mineral resources, including gold and diamonds.
Paraguayan guarani (PYG): With 1 guarani equivalent to 0.00014 US dollars, Paraguay faces challenges stemming from high inflation, corruption, and counterfeit currency. Despite its agricultural prowess in soybean and beef production, the guarani contends with economic headwinds.
Ugandan shilling (UGX): Finally, the Ugandan shilling, trading at 1 shilling to 0.00026 US dollars, grapples with economic instability, high debt levels, and political unrest, despite its resource-rich endowment comprising oil, gold, and coffee.