Top 20: Lowest/Weakest currencies in the World 2023

If you see the list of the top 20 lowest, weakest, cheapest, and worst currencies, most are third-world, war-torn, and corrupt countries.

• Top 20 Strongest Currencies in the World

Venezuelan Sovereign Bolivar

The Venezuelan Sovereign Bolivar is the weakest currency in the world. 

• Venezuelan Sovereign Bolivar Currency Code: VEF
• 1 USD = 3,467,070 VEF.
• The highest denomination currency note = VEF 1,000,000.
• VEF 1,000,000 = USD 0.29

Venezuela has the world’s largest proven oil reserves at an estimated 296.5 billion barrels (20% of global accounts) as of 2012. Despite this, Venezuela cannot pump this oil and export it to the international market due to the unavailability of financial resources.

Iranian Riyal

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

• Iranian Riyal Currency Code: IRR
• 1 USD = 42,237 IRR.
• The highest denomination currency note = IRR 100,000.
• IRR 100,000 = USD 2.37.

Iran, the country with the 2nd lowest currency has a per capita income of USD 15,760 per annum, the highest among the countries listed above.

Vietnamese Dong

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

• Vietnamese Dong Currency Code: VND
• 1 USD = 24,385 VND.
• The highest denomination currency note = VND 500,000.
• VND 500,000 = USD 20.50.

Laotian Kip

Laotian Kip is number 4 among the top 20 weakest currencies in the world. 

• Laotian Kip Currency Code: LAK
• 1 USD = 20,405 LAK.
• The highest denomination currency note = LAK 100,000.
• LAK 100,000 = USD 4.90.

Indonesian Rupiah

The Indonesian Rupiah is number 5 among the top 20 weakest currencies in the world.

• Indonesian Rupiah Currency Code: IDR
• 1 USD = 15,648 IDR.
• The highest denomination currency note = IDR 100,000.
• KHR 100,000 = USD 6.39.

Lebanese Pound

The Lebanese Pound is number 6 among the top 20 worst currencies in the world.

• Lebanese Pound Currency Code: LBP
• 1 USD = 14,963 LBP.
• The highest denomination currency note = LBP 100,000.
• LBP 100,000 = USD 6.68.

Uzbekistani Som

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

• Uzbekistani Som Currency Code: UZS
• 1 USD = 12,144 UZS.
• The highest denomination currency note = UZS 50,000.
• UZS 50,000 = USD 4.12.

Guinean Franc

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

• Guinean Franc Currency Code: GNF
• 1 USD = 8,547 GNF.
• The highest denomination currency note = GNF 20,000.
• GNF 20,000 = USD 2.34.

Paraguayan Guarani

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

• Paraguayan Guarani Currency Code: PYG.
• 1 USD = 7,279 PYG.
• The highest denomination currency note = PYG 100,000.
• PYG 100,000 = USD 13.74.

Malagasy Ariary

Malagasy Ariary is number 11 among the top 20 cheapest currencies in the world. It was introduced in the year 2005.

• Malagasy Ariary Currency Code: MGA
• 1 USD = 4,522 MGA.
• The highest denomination currency note = MGA 10,000.
• MGA 20,000 = USD 4.42.

Colombian Peso

The Colombian Peso is at number 10 among the top 20 lowest currencies in the world.

• Colombian Peso Currency Code: COP
• 1 USD = 4,329 COP.
• The highest denomination currency note = COP 10,000.
• COP 100,000 = USD 23.10.

Cambodian Riel

Cambodian Riel is at number 12 among the top 20 worst currencies in the world.

• Cambodian Riel Currency Code: KHR
• 1 USD = 4,108 KHR.
• The highest denomination currency note = KHR 100,000.
• KHR 100,000 = USD 24.34.

Ugandan Shilling

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

• Ugandan Shilling Currency Code: UGX
• 1 USD = 3,728 UGX.
• The highest denomination currency note = UGX 50,000.
• UGX 50,000 = USD 13.41.

Burundian Franc

Burundian Franc is at number 14 among the top 20 cheapest currencies in the world. 

• Burundian Franc Currency Code: BIF
• 1 USD = 2,823 BIF.
• The highest denomination currency note = BIF 10,000.
• BIF 10,000 = USD 3.54.

Congolese Franc

The Congolese Franc is number 15 among the top 20 weakest currencies globally.

• Congolese Franc Currency Code: CDF
• 1 USD = 2,512 CDF.
• The highest denomination currency note = CDF 20,000.
• CDF 20,000 = USD 7.96.

Tanzanian Shilling

Tanzanian Shilling is at number 16 among the top 20 worst currencies in the world.

• Tanzanian Shilling Currency Code: TZS
• 1 USD = 2,493 TZS.
• The highest denomination currency note = TZS 10,000.
• TZS 10,000 = USD 4.01.

Myanmar Kyat

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

• Myanmar Kyat Currency Code: MMK
• 1 USD = 2,090 MMK.
• The highest denomination currency note = MMK 10,000.
• MMK 10,000 = USD 4.78.

South Korean Won

South Korean Won is number 18 among the top 20 cheapest currencies in the world.

• South Korean Won Currency Code: KRW
• 1 USD = 1344 KRW.
• The highest denomination currency note = KRW 50,000.
• KRW 50,000 = USD 37.20.

Iraqi Dinar

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

• Iraqi Dinar Currency Code: IQD
• 1 USD = 1,304 IQD. 
• The highest denomination currency note = IQD 50,000.
• IQD 50,000 = USD 38.34.

Rwandan Franc 

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

• Rwandan Franc Currency Code: FRW
• 1 USD = 1,211 IQD. 
• The highest denomination currency note = IQD 50,000.
• IQD 50,000 = USD 41.29.

Source: Google Finance