Top 20 lowest and weakest currencies in the World

If you see the list of the top 20 lowest, weakest, cheapest, and worst currencies in the world as of December 2021, most of them are third world, war-torn and corrupt countries. Recommended: Top 20 Strongest Currencies in the World

South Korean Won

South Korean Won is at number 20 among the top 20 cheapest currencies in the world.

  • South Korean Won Currency Code: KRW
  • 1 USD = 1187 KRW.
  • The highest denomination currency note = KRW 50,000.
  • KRW 50,000 = USD 42.12.

South Korean Won - one of the cheapest currencies in the world

Iraqi Dinar

Iraqi Dinar is at number 19 among the top 20 weakest currencies in the world.

  • Iraqi Dinar Currency Code: IQD
  • 1 USD = 1,463 IQD. 
  • The highest denomination currency note = IQD 50,000.
  • IQD 50,000 = USD 34.18.

Iraqi Dinar - one of the weakest currencies in the world

Lebanese Pound

Lebanese Pound is at number 18 among the top 20 worst currencies in the world.

  • Lebanese Pound Currency Code: LBP
  • 1 USD = 1516 LBP.
  • The highest denomination currency note = LBP 100,000.
  • LBP 100,000 = USD 65.96.

Lebanese Pound - one of the poorest currencies in the world

Myanmar Kyat

Myanmar Kyat is at number 17 among the top 20 lowest currencies in the world.

  • Myanmar Kyat Currency Code: MMK
  • 1 USD = 1783 MMK.
  • The highest denomination currency note = MMK 10,000.
  • MMK 10,000 = USD 5.61.

Myanmar Kyat - one of the lowest currencies in the world

Burundian Franc

Burundian Franc is at number 16 among the top 20 cheapest currencies in the world. 

  • Burundian Franc Currency Code: BIF
  • 1 USD = 2000 BIF.
  • The highest denomination currency note = BIF 10,000.
  • BIF 10,000 = USD 5.00.

Burundian Franc - one of the cheapest currencies in the world

Congolese Franc

Congolese Franc is at number 15 among the top 20 weakest currencies in the world.

  • Congolese Franc Currency Code: CDF
  • 1 USD = 2002 CDF.
  • The highest denomination currency note = CDF 20,000.
  • CDF 20,000 = USD 9.99.

Congolese Franc - one of the weakest currencies in the world

Tanzanian Shilling

Tanzanian Shilling is at number 14 among the top 20 worst currencies in the world.

  • Tanzanian Shilling Currency Code: TZS
  • 1 USD = 2306 TZS.
  • The highest denomination currency note = TZS 10,000.
  • TZS 10,000 = USD 4.34.

Tanzanian Shilling - one of the poorest currencies in the world

Ugandan Shilling

Ugandan Shilling is at number 13 among the top 20 weakest currencies in the world.

  • Ugandan Shilling Currency Code: UGX
  • 1 USD = 3550 UGX.
  • The highest denomination currency note = UGX 50,000.
  • UGX 50,000 = USD 14.08.

Ugandan Shilling - one of the weakest currencies in the world

Malagasy Ariary

Malagasy Ariary is at number 12 among the top 20 cheapest currencies in the world. It was introduced in the year 2005.

  • Malagasy Ariary Currency Code: MGA
  • 1 USD = 3986 MGA.
  • The highest denomination currency note = MGA 10,000.
  • MGA 20,000 = USD 5.02.

Malagasy Ariary - one of the cheapest currencies in the world

Colombian Peso

Colombian Peso is at number 11 among the top 20 lowest currencies in the world.

  • Colombian Peso Currency Code: COP
  • 1 USD = 4009 COP.
  • The highest denomination currency note = COP 10,000.
  • COP 100,000 = USD 24.94.

Colombian Peso - one of the lowest currencies in the world

Cambodian Rielt

Cambodian Riel is at number 10 among the top 20 worst currencies in the world.

  • Cambodian Riel Currency Code: KHR
  • 1 USD = 4084 KHR.
  • The highest denomination currency note = KHR 100,000.
  • KHR 100,000 = USD 24.76.

Cambodian Riel - one of the poorest currencies in the world

Paraguayan Guarani

Paraguayan Guarani is at number 9 among the top 20 lowest currencies in the world.

  • Paraguayan Guarani Currency Code: PYG.
  • 1 USD = 6,816 PYG.
  • The highest denomination currency note = PYG 100,000.
  • PYG 100,000 = USD 14.67.

Paraguayan Guarani - one of the lowest currencies in the world

Guinean Franc

Guinean Franc is at number 8 among the top 20 cheapest currencies in the world.

  • Guinean Franc Currency Code: GNF
  • 1 USD = 9476 GNF.
  • The highest denomination currency note = GNF 20,000.
  • GNF 20,000 = USD 2.11.

Guinean Franc - one of the cheapest currencies in the world

Uzbekistani Som

Uzbekistani Som is at number 7 among the top 20 lowest currencies in the world. 

  • Uzbekistani Som Currency Code: UZS
  • 1 USD = 10,841 UZS.
  • The highest denomination currency note = UZS 50,000.
  • UZS 50,000 = USD 4.61.

Uzbekistani Som - one of the lowest currencies in the world

Laotian Kip

Laotian Kip is at number 6 among the top 20 weakest currencies in the world. 

  • Laotian Kip Currency Code: LAK
  • 1 USD = 11,195 LAK.
  • The highest denomination currency note = LAK 100,000.
  • LAK 100,000 = USD 8.93.

Laotian Kip - one of the weakest currencies in the world

Sierra Leonean Leone

Sierra Leonean Leone is at number 5 among the top 20 worst currencies in the world.

  • Sierra Leonean Leone Currency Code: SLL
  • 1 USD = 11,335 SLL.
  • The highest denomination currency note = SLL 10,000.
  • SLL 10,000 = USD 0.88.

Sierra Leonean Leone - one of the poorest currencies in the world

Indonesian Rupiah

Indonesian Rupiah is at number 4 among the top 20 weakest currencies in the world.

  • Indonesian Rupiah Currency Code: IDR
  • 1 USD = 14,261 IDR.
  • The highest denomination currency note = IDR 100,000.
  • KHR 100,000 = IDR 7.01.

Indonesian Rupiah - one of the weakest currencies in the world

Vietnamese Dong

Vietnamese Dong is at number 3 among the top 20 cheapest currencies in the world.

  • Vietnamese Dong Currency Code: VND
  • 1 USD = 22,825 VND.
  • The highest denomination currency note = VND 500,000.
  • VND 500,000 = USD 21.91.

Vietnamese Dong - one of the cheapest currencies in the world

Iranian Riyal

Iranian Riyal is at the number 2 among the 20 worst currencies in the world.

  • Iranian Riyal Currency Code: IRR
  • 1 USD = 42,262 IRR.
  • The highest denomination currency note = IRR 100,000.
  • IRR 100,000 = USD 2.37.

Iranian Riyal - one of the lowest currencies in the world

Amazingly, the country with the lowest currency has a per capita income of USD 20,000 per annum which is the highest among the countries listed above.

Venezuelan Sovereign Bolivar

Venezuelan Sovereign Bolivar is the lowest, weakest, cheapest and poorest currency in the world. 

  • Venezuelan Sovereign Bolivar Currency Code: VEF
  • 1 USD = 456,000 VEF.
  • The highest denomination currency note = VEF 1,000,000.
  • VEF 1,000,000 = USD 2.19.

Iranian Riyal - the lowest currency in the world

Venezuela has the world’s largest proven oil reserves at an estimated 296.5 billion barrels (20% of global reserves) as of 2012. Despite this, Venezuela is incapable of pumping this oil and exporting it in the international market due to the unavailability of financial resources.

Source: Google Finance

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Steve has been living in Saudi Arabia since 2013 and writing about Saudi rules, regulations, guides, and procedures since then.