Top 10 Weakest Currencies In The World 2024 (Updated July)

As we reset into another global inflation crisis driven by high oil prices and the Russia-Ukraine War, the currencies on the receiving end of the catastrophe might be far away from the global lens. Their currency devalues as inflation ramps, making their markets shaky and unstable.

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.

Currency	SAR	USD	EUR
Lebanese Pound (LBP)	23,875 LBP	89,582 LBP	96,605 LBP
Iranian Rial (IRR)	11,218 IRR	42,087 IRR	45,392 IRR
Vietnamese Dong (VND)	6,787 VND	25,454 VND	27,462 VND
Laotian Kip (LAK)	5,689 LAK	21,946 LAK,	23,202 LAK
Sierra Leonean Leone (SLL)	5,591 SLL	20,970 SLL	25,587 SLL
Indonesian Rupiah (IDR)	4,280 IDR	16,432 IDR	17,320 IDR
Uzbekistani Som (UZS)	3,384 UZS	12,693 UZS	13,694 UZS
Guinean Franc (GNF)	2,291 GNF	8,592 GNF	9,269 GNF
Paraguayan Guarani (PYG)	1,998 PYG	7,494 PYG	8,085 PYG
Cambodian Riel (KHR)	1,086 KHR	4,074 KHR	4,395 KHR
Ugandan Shilling (UGX)	1,007 UGX	3,779 UGX	4,077 UGX

1. Lebanese Pound (LBP)

In March 2023, the Lebanese pound hit an all-time low compared to the US dollar. The currency has been doing really bad lately because of a struggling economy, super high unemployment, banking problems, political mess, and crazy high inflation. Prices went up a crazy 171% in 2022.

The International Monetary Fund said Lebanon is in a tough spot, and if they don’t make some quick changes, they’ll be stuck in a never-ending mess. This was when the Lebanese pound reached its lowest point earlier this year.

The currency code for the Lebanese pound = LBP.

1 USD =  89,545 LBP

1 EUR = 96,605 LBP

1 SAR = 23,875 LBP

2. Iranian Rial (IRR)

The Iranian Rial ranks as the second 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 

3. Vietnamese Dong 

The Vietnamese Dong ranks as the third weakest currency in the world.

Still recovering from wars and shifting from a centralized to a market economy has taken its toll on the country and its operations. Vietnam is currently amongst the poorest countries in the world.

However, leading economic experts reassure us that Vietnam is on the right path and will catch up to other countries sooner rather than later. 

Vietnamese Dong Currency Code = VND

4. Laotian Kip Currency

The Laotian Kip, belonging to Laos in Southeast Asia, is rare. This is because it is the only currency on our list that has not been devalued.

At its independence, the Laotian Kip was already issued at meager rates to the people back in 1953.

The Laotian Kip has strengthened and grown against global currencies like the USD and will probably keep doing so shortly. 

Laotian Kip Currency Code = LAK