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Least valued currency unit - Definition and Overview |
| Related Words: Blurb, Cash, Celebrity, Coin, Coinage, Commonality, Cry, Daylight, Dollars, Dough, Exposure, Fame |
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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. Sub-units are generally not considered when looking for the least valued currency. For example, while one would consider a British pound sterling, one would not consider a British penny.
Mostly the calculation will be done by referring to one unit of United States dollars (USD).
Until December 2004 the title was given to the Turkish Lira, which was valued at approximately 1,350,000 per USD. Since the introduction of the New Turkish Lira, the title is now held by the Romanian leu, valued at approximately 29,000 lei per USD. (The old Turkish lira, however, is still legal tender in Turkey until December 31, 2005.) Later this year, the Romanian leu is also expected to be re-valued. Other currencies that may then be in line to hold the title include the Vietnamese Dong, Iranian Rial, the Indonesian Rupiah and the Paraguayan Guaraní.
See also
Highest valued currency unit
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Example Usage of currency |
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carpenterrefuge: RT @johncmaxwell: Credibility is currency for leaders and communicators. With it, they are solvent; without it, they are bankrupt. |
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avromy: RT @johncmaxwell Credibility is currency for leaders and communicators. With it, they are solvent; without it, they are bankrupt. |
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DrDonalson: RT: @johncmaxwell Credibility is currency for leaders and communicators. With it, they are solvent; without it, they are bankrupt. |
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