Explore our comprehensive guide to the top 10 weakest currencies in the world in 2023. Gain unique insights into global economic trends, exchange rates, and factors influencing currency strength. Stay informed and understand the world economy better.
With the world suffering from the COVID-19 pandemic, economic conditions have worsened exponentially. The weakest Currencies in the world have either remained stagnant or fallen even below what they were in previous years.
The world’s weakest currencies belong to the world’s third-world countries, where perhaps the economic crisis has hit the hardest. Let’s get into it.
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List Of Top 10 The Weakest Currencies In The World in 2023
1. Iranian Rial
The Iranian Rial ranks as the weakest currency in the world.
Its economic downfall started as far back as 1979 in the wake of the Islamic Revolution, which led to many businesses leaving the country due to uncertainty.
Since then, Iran has faced a further downfall in the Iran-Iraq war and nuclear sanctions. The sanctions were lifted briefly in 2016 but reinstated more harshly in 2018 and then again in 2022.
Iranian Rial Currency Code = IRR
1 USD = 42,262.50 IRR
1 EUR = 45,556.86 IRR
1 SAR= 11,250.74 IRR