Aug 11 , 2023

9 Weakest Currencies in the World

By True Scoop

Venezuelan Bolívar: Hyperinflation crisis led to Bolívar's severe devaluation. Political instability and economic sanctions have compounded problems.

Zimbabwean Dollar: Once faced hyperinflation, leading to trillion-dollar notes. Abandoned, then reintroduced in a new form with continuing challenges.

Iranian Rial: Faced sharp depreciation due to sanctions, economic challenges, and geopolitical tensions affecting its economy and currency strength.

Congolese Franc: Democratic Republic of Congo's currency weakened due to political instability, corruption, and reliance on volatile commodity prices.

Guinean Franc: Guinea's currency remains weak due to political instability, economic challenges, and a heavy dependence on mining.

Sierra Leonean Leone: Economic challenges, dependency on exports, and after-effects of civil war and health crises impact currency strength.

Lao Kip: Laos' limited economic development, dependency on neighbors for trade, and lack of diversified exports weaken its currency.

Paraguayan Guarani: Despite stability, the Guarani remains one of the weaker currencies due to historic inflation and economic challenges.

Mongolian Tugrik: Mongolia's dependence on commodity exports, especially to China, leads to vulnerability and currency fluctuation.