6 Weakest Currencies In The World

We have all read and learned too much about the world's most dominant currencies. The world's most popular currencies are the British Pound Sterling, the US Dollar, the Swiss Franc, and the Euro, among others. The nations issuing these currencies are very stable, and this is also true for their currencies. Not a lot of us know about the world's cheapest currency and the countries that issue it.

Posted On December 4th, 2020

Iranian Rial

The Iranian Rial is the least appreciated currency. It's the smallest currency in the USD. Iranians regularly use the word 'Toman' for the simplification of calculations. 1 Toman is 10 Rials equivalent.

Vietnamese Dong

The world's second cheapest currency is the Vietnamese Dong. From a bureaucratic economy to a market economy, Vietnam is still on the road to full progress. As a consequence, a currency worth the least is the Vietnamese Dong. It has one of the lowest currency exchange rates in all countries except Iran. It is highly devalued in terms of other world currencies.

Indonesian Rupiah

Due to the low value of old-style banknotes, the presidential decree of 5 September 2016 released seven new banknotes with denominations ranging from one thousand to one hundred thousand rupees. The Rupiah has a relatively low exchange rate, even though Indonesia is an economically prosperous and developing country in Southeast Asia.

Guinean Franc

The official currency of Guinea is the Guinean Franc, one of the most inflated currencies. Guinea has long been suffering from a currency devaluation as an African nation with a high inflation rate, rising poverty, and the prevalence of gangsters. The natural treasures such as gold, aluminium, and diamonds found in abundance are the most notable elements of this country.

Lao Kip

The Laotian Kip is the only currency on the world's cheapest currency list that has not devalued. As the only currency initially launched at a shallow rate, this currency has suffered from a shallow exchange rate for several years. The Laotian Kip has not been able to improve itself against the US Dollar value since 1952, the year it was issued.

Sierra Leonean Leone

Sierra Leone, an impoverished African country, is continually prone to many setbacks and misfortunes. The currency has been experiencing persistent devaluation for several years, with a deficient economic and social growth level. The local currency is likely to become devalued as a nation that has been through several significant tests. The recent war in Sierra Leone has further reduced Sierra Leone's exchange rate.