I just reviewed an analysis about which is the cheapest currency in the world, and honestly, it's quite shocking. There are countries where the dollar is worth a lot, especially in economies going through severe crises.

Venezuela leads with the bolívar drastically devalued, followed by Iran with the rial. But if we look beyond those extremes, there's an interesting pattern: Laos, Sierra Leone, Lebanon, Indonesia... all currencies that have massively lost value. The Lao kip, the Sierra Leone leone, the Lebanese dollar, the Indonesian rupiah. In some cases, we're talking about needing thousands of units to get a single dollar.

What caught my attention is that it's not just a problem of poor countries. There are middle-income economies like Colombia, Vietnam, Paraguay where the dollar also dominates heavily. And well, Iceland also appears on the list, so devaluation affects different types of nations.

Each of these countries has its own history of economic problems, but the common denominator is clear: their national currencies have collapsed. It's definitely worth keeping a close eye on which is the cheapest currency in the world and how these movements impact global markets.