10 Places Where Everyone Can Be A Millionaire!

Who wants to be a millionaire… for under $200? Come on, even your mom could afford that. Might we suggest a trip to the following places…

10. Zambia

money - zambia 2
Exchange Rate: US$1 = 4,669 Kwacha

Highest Value Banknote: 50,000 ($10.70)

To give you an idea of how weak the Kwacha is, although there are still some 20 Kwacha notes (worth about 0.00021 US cents) in circulation, such is the rarity and worthlessness of this note, most major retailers round up prices to the nearest fifty. It only takes $214 worth of kwacha to declare oneself officially a millionaire in Zambia.

9. Paraguay

Money - Paraguay
Exchange Rate: US$1 = 4,903 Guarani

Highest Value Banknote: 100,000 ($20.39)

Officially 1 Guarani is divided into 100 centimos – but due to inflation, centimos are no longer in use. Coins can instead be found in denominations of 50, 100 and 500 Guarani. New 100,000 guarani bills have been printed with the date of 2005, but as the reached circulation by criminal ways before being launched officially, this series has been declared void and worthless by the central bank. Just over $200 will win the title millionaire in Guinea as of November 2009 – or 10 of those new G100,000 notes.

8. Guinea

Money - guinea
US$1 = 5,073 Franc

Highest Value Banknote: 10,000 ($1.97)

Guinea may have an abundance of natural resources, including a quarter of all the world’s known bauxite reserves, but since the turn of the millennium the Guinean Franc has undergone spectacular devaluation – now just $197 will make you a millionaire in Guinea Franc. And if you’re planning on keeping this kind of money in your wallet, make sure it’s a big wallet – even if you used Guinea’s highest value banknotes only, you’d still need 100 to make up this amount.

7. Laos

Money - Laos
Exchange Rate: US$1 = 8,674 Kip

Highest Value Banknote: 50,000 ($5.76)

Laos’ Kip is so worthless they have given up completely on coins, which isn’t surprising considering the largest banknote they have is worth only just over $5. Any person traveling to Laos with $115 or more is technically a millionaire.

6. Indonesia

money - indonesia
$US1 = 9,560 Rupiah

Highest Value Banknote: 100,000 ($10.46)

The name Rupiah derives from the Indian monetary unit rupee which is called a rupiya in several Indian languages. Although a 1 Rupiah coin does exist, due to the fact it is worth only $0.0001, it is not widely circulated. $104 worth of Rupiah is enough to make you a millionaire in Indonesia.

5. Iran

money - iran
US$1 = 10,082 Rial

Highest Value Banknote: 50,000 ($4.96)

Iran’s Rial took at hit with the 1979 Revolution and has struggled to get back on its feet ever since. Currently talks concerning re-denomination are underway, but in the meantime the central bank has been content to issue larger notes (prior to 1989 the largest note was 10,000) – today the 50,000 Rial note tastefully features the controversial Iranian nuclear program. A measly $99 worth of Rial would make you a millionaire in Tehran.

4. Turkmenistan

money - turkmenistan
US$1 = 14,308 Manat

Highest Value Banknote: 10,000 ($0.69)

The greatest value note in Turkmenistan is a worth a ridiculously low 69 cents, and although $69.89 is enough to make you a millionaire – you’ll need 100 of these worthless notes to do this.

3. Sao Tome & Principe

money - sao tome
US$1 = 15,758 Dobra

Highest Value Banknote: 100,000 ($6.35)

The two islands of Sao Tome and Principe are almost 90 miles apart and make up the second smallest country in Africa by population. The country has recently signed a deal with Portugal pegging the Dobra to the Euro, in the hope this will bring stability, although no sign of this yet as a million Dobra is still only worth $63.

2. Vietnam

money - vietnam

$1US =18,000 Dong

Highest Value Banknote: 500,000 ($27.78)

Vietnam may have the largest single banknote of any country on this list, meaning it’s possible to hold in one note the grand sum of nearly $27, but the delightfully named, Dong, is in fact almost totally worthless. Dong used to be subdivided into 10 hao, but these are now worth so little they have been abandoned. In 2003 the country started reissuing coins, creating a wave of excitement amongst people who hadn’t seen coins for years, followed by a wave of disappointment when it was realized how little these coins would be worth. If traveling to Vietnam be sure to take at least $55 with you, as this is enough to be a millionaire.

1. Somalia

money - somalia

US$1 = 28,250 Shilling

Highest Value Banknote: 1000 ($0.03)

War-torn Somalia is today probably best known for pirates, but according to the UN despite high levels of civil strife and instability, it has been able to maintain a free-market economy that outperforms many of its African neighbors. Just $35.39 is enough to be a millionaire in Somalia, although you’ll need a thousand of the country’s biggest notes to actually have this amount.

(Dis)Honorable Mention: Zimbabwe

money - zimbabwe
The Zimbabwean dollar was suspended indefinitely in April this year – after years of staggeringly massive inflation it had reached lows of more than 100 trillion ZD to US$1, as well as suffered three re-denominations. At the worst time, only a thousandth of a single US cent was enough to be a millionaire in Zimbabwean dollars. Scary, eh?

Sources: 1,2

All images courtesy of wikimedia

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Comments

  1. Atsekabe Naiz's Gravatar Comment by Atsekabe Naiz on December 1st, 2009 at 4:47 pm

    Nice (and totally useless) recap of some of the worst economies in the world. Shame that 200 USD are worth nothing in Europe.
    In the meanwhile, what about if you fix the typo when talking about Paraguay?

  2. robert's Gravatar Comment by robert on December 1st, 2009 at 4:55 pm

    How is Somalia a free-market when they have a monopoly on their money supply? Their inflation is caused by their central bank. Being laissez-faire without a state, yet you have a central bank. Hah.Once they have a competing monetary policy I wouldn’t be surprised if we saw Somalia relinquishing itself from the poverty it is currently in.

    Down voted.

  3. robert's Gravatar Comment by robert on December 1st, 2009 at 4:58 pm

    Also, most businesses print their own money supply and the central bank notes are hardly in use.

  4. DavidC's Gravatar Comment by DavidC on December 1st, 2009 at 5:02 pm

    Some day in the next 10-20 years you will have to add the US dollar to this list.

  5. Jack's Gravatar Comment by Jack on December 1st, 2009 at 5:07 pm

    Uh … you forgot Zimbabwe.

  6. Jack's Gravatar Comment by Jack on December 1st, 2009 at 5:07 pm

    nevermind

  7. Jorge's Gravatar Comment by Jorge on December 1st, 2009 at 5:41 pm

    I’m from Paraguay… the bank is cutting 3 zeros in 2011, so Gs. 1000 = Gs. 1… it’ll be called New Guarani and by the way is the oldest unchanged currency in South America

  8. John's Gravatar Comment by John on December 1st, 2009 at 5:51 pm

    Fix up your title. UNDER $200 does NOT mean $214.

  9. Chris's Gravatar Comment by Chris on December 1st, 2009 at 7:47 pm

    Nice. This is interesting.

  10. NomadicNeil's Gravatar Comment by NomadicNeil on December 1st, 2009 at 11:07 pm

    I’ve been a millionaire in Laos and Vietnam. Good times!

  11. MEZO's Gravatar Comment by MEZO on December 2nd, 2009 at 8:11 am

    Hey What about EGYPT

  12. commenter's Gravatar Comment by commenter on December 2nd, 2009 at 11:33 am

    the key is to stay in that country living like a millionaire until the US dollar deflates and then transfer all your money back in to US and make some money

  13. Carry's Gravatar Comment by Carry on December 2nd, 2009 at 12:14 pm

    Um….what about Turkey? When I was there in 2001 it was 1 USD = 1000000 Lira. Instant millionaire.

  14. verizon's Gravatar Comment by verizon on December 7th, 2009 at 1:00 am

    They should print currency with scientific notation10E5 instead of 1000000

  15. Gixman's Gravatar Comment by Gixman on December 11th, 2009 at 8:58 am

    Have you seen the Animated version at http://www.gixman.com/super-emo-friends-version-animada/

  16. boom music's Gravatar Comment by boom music on December 11th, 2009 at 7:25 pm

    in iran people use a diffrent system to count money. the currency is called toman and 10,000 rial is 1000 toman.

  17. ringtonepack's Gravatar Comment by ringtonepack on December 12th, 2009 at 8:15 am

    oh vietnam, why would I want 18,000 dongs

  18. iComment's Gravatar Comment by iComment on December 27th, 2009 at 8:10 am

    Rockefeller here with his sandwiches. My currency is pegged to ramen noodles.

  19. sue's Gravatar Comment by sue on February 23rd, 2010 at 6:01 pm

    hey what about mexico and venezuela i mean iff you change 100 euro,s you get 9 million pesos your millionaire in mexico so for those american who go,s to mexico with vacation evrytime you guys pay someone 300 USD to ride a seedoo you are make them multimilionaire.so better pay them in pesos then in USD try to use their money as much as you can this is a tip for those who like to go with vacation in latin america use their current money for buying food and stuff like that

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