x

Top 10 Weakest Currencies in the World

By  Milcah   Tanimu

Currency strength varies worldwide due to economic factors like inflation, debt, and foreign investment. Below is a list of the world’s weakest currencies in 2024, highlighting why they are valued low against the U.S. dollar:

1. Iranian Rial (IRR) – Impacted by sanctions, with USD 1 equaling IRR 42,000.
2. Vietnamese Dong (VND) – Despite growth, high supply keeps it low at VND 23,000 per dollar.
3.Indonesian Rupiah (IDR) – Faces inflation challenges, currently at IDR 15,000 per dollar.

4. Sierra Leonean Leone (SLL) – Inflation and instability set it at SLL 21,000 per dollar.
5. Uzbekistani Som (UZS) – Despite reforms, USD 1 trades for UZS 11,000.
6. Guinean Franc (GNF) – Limited foreign investment keeps it low at GNF 8,500 per dollar.
7. Lao Kip (LAK) – Low exports and investment value it at LAK 17,000 per dollar.
8. Paraguayan Guarani (PYG) – Heavily reliant on agriculture, at PYG 7,400 per dollar.
9. Cambodian Riel (KHR)– Trading at KHR 4,000 per dollar despite some growth.
10. Ugandan Shilling (UGX) – Economic challenges keep it at UGX 3,700 per dollar.

These currencies reflect how global economic factors, including inflation

Hot this week

Ruben Amorim Lists Four Reasons Casemiro Is ‘So Important’ to Manchester United

Manchester United’s resurgence under manager Ruben Amorim continued on...

Dencia Weighs In on Regina Daniels, Ned Nwoko Marriage Drama

Cameroonian singer and entrepreneur, Dencia, has reacted to the...

ABIEXPO: Wike Woos Investors to Abuja’s Business Clime

By Joyce Remi-Babayeju The Minister of the Federal...

ECOWAS Role in Conflict Management and Resolution of the Malian Crisis

By Abdul Mahmoud YayaleThe protracted crisis in Mali...

US-Based Nigerian Entrepreneur Relocates to Abuja, Set to Employ 10,000 Workers in Restaurant Venture

By Achadu Gabriel, KadunaA United States-based Nigerian entrepreneur and...

CSO Urges State Governors to Emulate Jigawa Governor, Approve Advance Payment for 2026 Hajj

By Jabiru HassanIndependent Hajj Reporters (IHR), a faith-based civil...

Plateau Government Reaffirms Support for NYSC’s Rural Health Initiative in Jos East

By Israel Adamu, JosThe Plateau State Government has reaffirmed...

Jang Congratulates Plateau PDP, Commends Gov. Mutfwang for Peaceful Congress

By Israel Adamu, JosFormer Governor of Plateau State, Senator...

Related Articles

Popular Categories

spot_imgspot_img