Most Value less currencies in the world

Zimbabwe as an example, this country’s entire population of over 12,000,000 are billionaires. In fact, many are trillionaires, or even quadrillionaires. in case you’re unfamiliar with “quadrillions,” a quadrillion is a million billion, or a 1 followed by 15 zeros.

The least valued currency unit is the currency in which a single unit buys the least number of any given other currency or the smallest amount of a given good. Most commonly, the calculation is made against a major reserve currency such as the euro (EUR) or the United States dollar (USD).



Zimbabwe





GetWonder for the Receipt.

Vietnam



500,000-dong note. U.S. value: $31.37

An early-1980s U.S. embargo hobbled exports, leading to price controls and the printing of excess currency.

Early this month, the Vietnamese dong rate in the black market has strengthened towards the official level after the government released more dollars into the economy and cracked down on state banks’ currency transactions, which traded at 16,849.50 per dollar.



Indonesia





100,000-rupiah note. U.S. value: $11.05

During the 1997 Asian financial crisis, the rupiah lost 80 percent of its value within months, sparking riots in Jakarta (and soon ending President Suharto’s 32-year rule). From the years 2000 to 2008, the exchange rate has generally been between 8,000 and 11,000 rupiah to one United States dollar. As of June 2008, one United States dollar is worth approximately 9,300 Indonesian rupiah.



Iran



50,000-rial note. U.S. value: $5.35

Since the 1979 revolution, Iran’s inflation rate has hovered around 15 percent, thanks in part to ever-rising oil prices.

Until 2002, Iran’s exchange rate system was based on a multi-layered system, where state and para-state enterprises benefited from the preferred rate (1750 rial for $1) while the private sector had to pay the market rate (8000 rial for $1), hence creating an unequal competition environment. However, in March 2002, the multi-tiered system was replaced by a unified, market-driven exchange rate.



São Tomé (Sao Tome)



50,000-dobra note. U.S. value: $3.47.

This African island nation’s economy is tied to the volatile price of its chief export, cocoa, and is measured against its trading partners’ robust euro.

In late 2000, São Tomé qualified for significant debt reduction under the IMF-World Bank’s Heavily Indebted Poor Countries (HIPC) initiative. The reduction is currently being reevaluated by the IMF, due to the attempted coup d’etat in July 2003 and subsequent emergency spending.

Laos



50,000-Lao Kip. U.S. value: $5.73

Laos is a landlocked country with an inadequate infrastructure and a largely unskilled work force. The country’s per capita income in 2004 was estimated to be $1,900 on a purchasing power parity-basis.

The Asian financial crisis, coupled with the Lao Government’s own mismanagement of the economy, resulted in spiraling inflation and a steep depreciation of the kip, which lost 87% of its value from June 1997 to June 1999.



Turkmenistan



10,000-manat note. U.S. value: $1.92

Since 1991 – the last year of existence of the USSR – up to 1993 – the last year of rouble zone existence – the rate of inflation was measured in tens, hundreds and even thousands per cent per year.

For the recent years the process of involving internal sources of investment into the sphere of currency turnover and currency accrual has become unprecedented in its scale.



Guinea



10,000-franc note. U.S. value: $2.33

In 2002, the mineral-rich African country refused to implement reforms mandated by the International Monetary Fund; foreign cash dried up, and the central bank printed too much money.

From an average value of about 2500 Guinean francs to the pound sterling during the year 2000, the value of the currency has fallen to a current level (April 2006) of about 8000 to the GBP and about 4500 to the United States dollar.

Uphill Task

Mount Everest is both the highest mountain and the highest graveyard in the world. As of 2002, 175 climbers had died on the mountain, and the vast majority of these bodies were left behind. There are reported to be at least 41 bodies on the north side of Everest.

Some people simply run out of gas on the trail and freeze to death in place. Others are consumed by avalanches. And, as veteran mountaineer David Breashears points out, removing dead bodies from this elevation is an enormous task.

Breashears describes how it took a team of 12 people eight hours to move the body of one dead Taiwanese man down a portion of the mountain. The high altitude, low oxygen, fierce winds, and intense cold make the trip extremely challenging even for an unencumbered person, so few climbers attempt to take the bodies of the deceased back with them.

Some bodies are lost forever on Everest. During the tragic May 1996 expeditions when eight people died in a freak storm near the summit, two of the bodies were never found. To further complicate matters, the local Sherpas, the people most adept at climbing the mountain and transporting gear up and back, are wary of dead bodies and don't like to go near them.

CHILD BEGGERS

" Naan Kadavul " TAMIL MOVIE -Pichai paathiram song

There are 7.3 lakh child beggers in India. They get Rs180 crores as alms / annum
( a mere 6.70 Rs / day! how do they lead their livelihood?) To find an answer, do watch
" Naan Kadavul" movie.

This particular song is an Excellent melody from Mastero Illayaraja in the film . SLUMKIDS (Beggers) life explained. Excelllent Lyrics. The link is given below

http://www.youtube.com/watch?v=ZAuQaaucA3A&eurl=http://www.orkut.co.in/FavoriteVideoView.aspx?uid=3638438553474751054&ad=1237090034

Debt / head = Rs 24,000 / Indian

Our external debts as of 2008 = 10,65,600 Crore Rs.
Internal debt as of June 2008 = 29,39,237 Crore Rs.
If we include our Internal debts , then the per head debt as of dt = Rs 24,000 Rs

For the past 6 years, the debt burden has been increasing @ Rs 5,000 Crore / Qtr.
Our Fundemendals need to be strengthened.