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Coins that have most, least purchasing power in world

Last updated on: March 1, 2013 16:37 IST

Coins that have most, least purchasing power in world

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Five paisa coins used to be in circulation in India not very long ago. Then they went out of circulation and soon after 10 paisa coins too ran out of change. These days 50 paisa coins do change hands but not as frequently as they did once.

The reason why lower denomination coins disappear is because they stop having any value at all. Forget five paisa, it will be a struggle to buy anything with even a 50 paisa coin.

Let's take a look at some coins that are worth less than any other in the world.

Source: BBC

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Image: A bank employee rolls euro coins in paper in Gammesfeld, Baden-Wuerttemberg, Germany.
Photographs: Lisi Niesner/Reuters
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Norway

Smallest coin: 1 Krone

Value in US cents: 18.2

Value in UK pennies: 12

Global rank in most value: 1

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Image: Karl Johans Gate, the main shopping street in Oslo.
Photographs: Suzanne Plunkett/Reuters
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Sweden

Smallest coin: 1 Krona

Value in US cents: 15.8

Value in UK pennies: 10.4

Global rank in most value: 2

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Image: A view of Stockholm.
Photographs: Ints Kalnins/Reuters
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Denmark

Smallest coin: 50 Ore

Value in US cents:  9.1

Value in UK pennies: 6

Global rank in most value: 3

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Image: Boats are seen anchored at the 17th century Nyhavn district, home to many shops and restaurants in Copenhagen.
Photographs: Bob Strong/Reuters
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New Zealand

Smallest coin: 10 Cent

Value in US cents: 8.4

Value in UK pennies: 5.5

Global rank in most value: 4

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Image: Women run down Baldwin street in Dunedin. Baldwin street is considered as one of the world's steepest streets.
Photographs: Marcos Brindicci/Reuters
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Uzbekistan

Smallest coin: 1 Tiyin

How many = 1 US cent: 1,999

How many = 1 UK penny: 3,038

Global rank in least value: 1

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Image: A snow covered Khast Imam Square in Tashkent.
Photographs: Valeriy Kharitonov/Reuters
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Burma

Smallest coin: 1 Pya

How many = 1 US cent: 855

How many = 1 UK penny: 1,300

Global rank in least value: 2

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Image: People ride on a roller coaster ride in Yangon Zoo playground in Burma.
Photographs: Soe Zeya Tun/Reuters
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Tanzania

Smallest coin: 5 Cent

How many = 1 US cent: 325

How many = 1 UK penny: 494

Global rank in least value: 3

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Image: Houses at the foot of Mount Kilimanjaro in Tanzania's Hie district.
Photographs: Katrina Manson/Reuters
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North Korea

Smallest coin: 1 Chon

How many = 1 US cent: 132

How many = 1 UK penny: 201

Global rank in least value: 4

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Image: A view of North Korean capital Pyongyang.
Photographs: Damir Sagolj/Reuters
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Sri Lanka

Smallest coin: 1 Cent

How many = 1 US cent: 126

How many = 1 UK penny: 192

Global rank in least value: 5

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Image: A boy splashes coloured water on a girl in Colombo.
Photographs: Dinuka Liyanawatte/Reuters
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Jamaica

Smallest coin: 1 Cent

How many = 1 US cent: 92

How many = 1 UK penny: 140

Global rank in least value: 6

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Image: A performer blows a stream of fire during a show in Ocho Rios, Jamaica.
Photographs: Jason Reed/Reuters
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Bangladesh

Smallest coin: 1 Paisa

How many = 1 US cent: 79

How many = 1 UK penny: 120

Global rank in least value: 7

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Image: A worker weighs onions in a wholesale market at Kawranbazar in Dhaka.
Photographs: Andrew Biraj/Reuters
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Guinea

Smallest coin: 1 Centime

How many = 1 US cent: 70

How many = 1 UK penny: 106

Global rank in least value: 8

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Image: A monument marking the 1970 victory over the Portuguese invasion in Conakry, Guinea.
Photographs: Source: Soman/Wikipedia Commons
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Madagascar

Smallest coin: 2 Iraimbilanja

How many = 1 US cent: 55

How many = 1 UK penny: 84

Global rank in least value: 9

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Image: Madagascar's old colonial church (at the top of the hill) in the capital Antanana.
Photographs: Tim Cocks/Reuters
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The Philippines

Smallest coin: 1 Centavo

How many = 1 US cent: 41

How many = 1 UK penny: 62

Global rank in least value: 10

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Image: A waitress teaches a tourist how to dance the 'Tinikling', a native bamboo dance, in a Manila restaurant.
Photographs: Cheryl Ravelo/Reuters
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Armenia

Smallest coin: 10 Luma

How many = 1 US cent: 41

How many = 1 UK penny: 62

Global rank in least value: 11

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Image: A view from the Cafesjian Museum of Art at the Cascade in Yerevan.
Photographs: Source: Shaun Dunphy/Wikipedia Commons
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