I just noticed that many currencies around the world are really worth very little compared to the dollar. Lebanon’s pound stands out with an exchange rate of 89,751 per $1. Next come the Iranian rial, the Vietnamese dong, and others. I want to know why this is the case.



It seems that most of the problem comes from high inflation, political and economic instability, and economies that rely mainly on commodities or agriculture. Lebanon is facing a major economic crisis, causing it to lose 90% of its value in the parallel market. Iran has been under economic sanctions for a long time. Vietnam, Indonesia, and Laos all rely heavily on exports and agriculture.

The currencies that are weakest compared with Thailand reflect each country’s economic challenges. Our country has better stability than many of the nations on this list, but we still need to keep an eye on exchange rates, because they affect our imports, exports, and cost of living.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments