These Are Four Fiat Currencies Have a Value Under 1 Satoshi, Bitcoin’s Smallest Unit of Value

These Are Four Fiat Currencies Have a Value Under 1 Satoshi, Bitcoin's Smallest Unit of Value

The price of Bitcoin just keeps growing as many economies in the world are in pure turmoil. This has made the price of the tokens increase (at the time of this report, Bitcoin was being traded with the price of over $9,000 USD, the highest in the year until now) while fiat currencies are still being destroyed by hyperinflation all over the world.

If you want the ultimate proof that the economy is very grim for many of these countries, you can see this list, which was originally created by NullTX. It has four different fiat currencies that were valued at 1 Satoshi, which is equal to 0.000001 BTC (about a ninth of a cent in the U. S.).

Currenies Valued Less than 1 Satoshi

Paraguayan Guarani (PYG)

Paraguay is known for not having a very stable economy. In fact, the issue goes way back the time in which the country was attacked by Brazil, Uruguay and Argentina… in 1864. That’s right. The economy of the small country was so affected by the many deaths of the war that they never really recovered fully and the country is still very poor.

At the moment, the value of the Paraguayan Guarani (PYG) is far from looking very healthy, as the country’s unit is worth only $0.00016 USD. You would certainly need more than 100 million PYG in order to buy a single Bitcoin.

Laotian Kip (LAK)

With a domestic currency that is worth only 0.00011 USD, the Laotian Kip (LAK) is far from a good unit of money. The country of Laos is not the kind of place that makes the economic headlines for success, although it cannot be considered one of the worse countries of the world.

While the economy of the country does not get better, we will probably not see the LAK getting more value than it has right now.

Guinean Franc (GNF)

The Guinean Franc (GNF) is worth the same as the Laotian Kip, 0.0001 USD. As you can imagine, this is far from exciting for the country, which is considered very poor and it lacks in several areas such as infrastructure.

Again, there is not much hope that the situation for this fiat currency will improve anytime soon, unfortunately.

Sierra Leonean Leone (SLL)

The final of the fiat currencies that are worth less than a single Satoshi is the Sierra Leonean Leone (SLL). At the moment, the unit of this currency is valued at 0.00011 USD. This happened mostly because Serra Leone is not a very stable region politically and its economy has several issues.

Inflation has destroyed the value of the token so much that even with a very high nominal value of SLL you actually will not have a lot of money.

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Author: Gabriel Machado

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