Decades of international economic conflicts have left Iran’s economy. All of this was reflected in the currency – one of the worst in the world, only surpassed this year by a neighboring country.
It is well known that having large oil reserves does not necessarily mean economic prosperity. See Venezuela, the country with the most oil in the world, plunged into deep inflation.
But until last year, Iran – the third most oil country in the world – had the worst coin ever. Now it was surpassed by a neighbor who sees the case even worse.
Ask a taxi for 463796.6 rials seem to you abusive? What if we told you that 46379.66 Iranian rials are required to complete a single euro? In truth, 463796.6 rials in Iran represent the modest amount of 10 euros. With 1 rial in hand, it has only 0.000022 euros.
There are more rials, so it should not confuse Iranians with the currency, for example, from the second country with the most oil in the world, Saudi Arabia: this, the Saudi Rial, is worth much more, but remains well below the euro: worth 0.24 euros.
There are many factors that explain the great inflation felt in Iran, since political instability, changes in the inflation rate and the drop in export revenues, according to the.
A, which in early 2025 the top of the worst currencies in the world, explains that the currency weakened the pike after the failed nuclear agreement between the US and Iran In 2015. At that time, international sanctions were also imposed on the country. Foreign investment scars, and currency remains disproportionate in the face of the world economy. But there are worse.
The worst currency in the world
Lebanon this year exceeded the Iran in the world’s worst currency title. Has been in the top for several years, but the country’s involvement in war in the Middle East, which involves Israel and Palestine, but also several adjacent countries, has not helped the economy.
The country even has several tourist attractions, such as the beaches and the beautiful capital, Beirut. The problem is that, economically, the country is a disaster. The bank has been sunk in a major crisis since 2019, and political instability marks points against stability. The result? Are accurate 101578.40 Lebanese pounds to make a single euro.
CAROLINA BASTOS PEREIRA, ZAP //
