Top 20: Lowest/Weakest currencies in the World 2023

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

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South Korean Won

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

• South Korean Won Currency Code: KRW
• 1 USD = 1338 KRW.
• The highest denomination currency note = KRW 50,000.
• KRW 50,000 = USD 37.37.

Iraqi Dinar

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

• Iraqi Dinar Currency Code: IQD
• 1 USD = 1,456 IQD. 
• The highest denomination currency note = IQD 50,000.
• IQD 50,000 = USD 34.34.

Lebanese Pound

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

• Lebanese Pound Currency Code: LBP
• 1 USD = 1509 LBP.
• The highest denomination currency note = LBP 100,000.
• LBP 100,000 = USD 66.27.

Congolese Franc

The Congolese Franc is number 17 among the top 20 weakest currencies in the world.

• Congolese Franc Currency Code: CDF
• 1 USD = 2047 CDF.
• The highest denomination currency note = CDF 20,000.
• CDF 20,000 = USD 9.77.

Burundian Franc

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

• Burundian Franc Currency Code: BIF
• 1 USD = 2,065 BIF.
• The highest denomination currency note = BIF 10,000.
• BIF 10,000 = USD 4.84.

Myanmar Kyat

Myanmar Kyat is number 15 among the top 20 lowest currencies in the world.

• Myanmar Kyat Currency Code: MMK
• 1 USD = 2,095 MMK.
• The highest denomination currency note = MMK 10,000.
• MMK 10,000 = USD 4.77.

Tanzanian Shilling

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

• Tanzanian Shilling Currency Code: TZS
• 1 USD = 2,332 TZS.
• The highest denomination currency note = TZS 10,000.
• TZS 10,000 = USD 4.29.

Ugandan Shilling

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

• Ugandan Shilling Currency Code: UGX
• 1 USD = 3,731 UGX.
• The highest denomination currency note = UGX 50,000.
• UGX 50,000 = USD 13.40.

Cambodian Riel

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

• Cambodian Riel Currency Code: KHR
• 1 USD = 4,131 KHR.
• The highest denomination currency note = KHR 100,000.
• KHR 100,000 = USD 24.21.

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 = 4,288 MGA.
• The highest denomination currency note = MGA 10,000.
• MGA 20,000 = USD 4.66.

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 = 5,001 COP.
• The highest denomination currency note = COP 10,000.
• COP 100,000 = USD 20.00.

Paraguayan Guarani

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

• Paraguayan Guarani Currency Code: PYG.
• 1 USD = 7,121 PYG.
• The highest denomination currency note = PYG 100,000.
• PYG 100,000 = USD 14.04.

Guinean Franc

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

• Guinean Franc Currency Code: GNF
• 1 USD = 8,595 GNF.
• The highest denomination currency note = GNF 20,000.
• GNF 20,000 = USD 2.33.

Uzbekistani Som

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

• Uzbekistani Som Currency Code: UZS
• 1 USD = 11,184 UZS.
• The highest denomination currency note = UZS 50,000.
• UZS 50,000 = USD 4.47.

Indonesian Rupiah

The Indonesian Rupiah is number 6 among the top 20 weakest currencies in the world.

• Indonesian Rupiah Currency Code: IDR
• 1 USD = 15,681 IDR.
• The highest denomination currency note = IDR 100,000.
• KHR 100,000 = USD 6.38.

Laotian Kip

Laotian Kip is number 5 among the top 20 weakest currencies in the world. 

• Laotian Kip Currency Code: LAK
• 1 USD = 17,254 LAK.
• The highest denomination currency note = LAK 100,000.
• LAK 100,000 = USD 5.80.

Sierra Leonean Leone

Sierra Leonean Leone is number 4 among the top 20 worst currencies in the world.

• Sierra Leonean Leone Currency Code: SLL
• 1 USD = 18,025 SLL.
• The highest denomination currency note = SLL 10,000.
• SLL 10,000 = USD 0.55.

Vietnamese Dong

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

• Vietnamese Dong Currency Code: VND
• 1 USD = 24,816 VND.
• The highest denomination currency note = VND 500,000.
• VND 500,000 = USD 20.15.

Iranian Riyal

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

• Iranian Riyal Currency Code: IRR
• 1 USD = 42,350 IRR.
• The highest denomination currency note = IRR 100,000.
• IRR 100,000 = USD 2.36.

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

Venezuelan Sovereign Bolivar

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

• Venezuelan Sovereign Bolivar Currency Code: VEF
• 1 USD = 954,000 VEF.
• The highest denomination currency note = VEF 1,000,000.
• VEF 1,000,000 = USD 1.05.

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 to the international market due to the unavailability of financial resources.

Source: Google Finance