Top 15 Lowest Currencies in the World in 2024

Most of you might know about the strongest economies of the world. But do you know about countries which have the lowest currency values?

Well, this post covers a list of the top 15 lowest currencies in the world. This list of currencies with their values is based on the exchange rates against the US dollar and Indian Rupee.

Disclaimer: Currency values mentioned in this article are accurate as of 2nd May 2024 and are subject to fluctuation.

15 Weakest Currencies in the World as of 2024

#Rank #Currency 1 USD Value 1 INR Value
#15 Congolese Franc (CDF) 2,801.00 33.57
#14 Burundian Franc (BIF) 2,856.01 83.44
#13 Ugandan Shilling (USH) 3,794.05 45.47
#12 Colombian Peso (COP) 3,914.00 46.91
#11 Cambodian Riel (KHR) 4,049.87 48.53
#10 Malagasy Ariary (MGA) 4,422.31 53.01
#9 Paraguayan Guarani (PYG) 7,463.87 89.42
#8 Guinean Franc (GNF) 8,560.00 102.60
#7 Uzbekestani Som (UZS) 12,560.22 150.54
#6 Indonesian Rupiah (IDR) 16,195.60 194.15
#5 Laotian Kip (LAK) 21,269.46 254.90
#4 Sierra Leonean Leone (SLL) 22,509.52 272.88
#3 Vietnamese Dong (VND) 25,380.00 304.17
#2 Iranian Rial (IRR) 42,062.50 504.10
#1 Lebanese Pound (LBP) 89,208.71 1,069.13

The reason for comparing these currencies with the US Dollar is because of the fact that the US dollar is among the strongest currencies in the world.

Here’s the list of 15 Cheapest Currencies in the World 2024

15. Congolese Franc (CDF)

Congolese Franc is the official currency of the Democratic Republic of the Congo. It often loses value because of the country’s economic problems and high inflation. This makes it one of the lowest valued currencies in the world.

  • 1 US Dollar = 2,801.00 Congolese Franc
  • Currency Code: CDF
  • Country of Issuance: Democratic Republic of Congo
  • CDF Banknote denominations: 1, 5 , 10, 20, 50, 100, 200, 500, 1000, 5000, 10000, 20000

Congolese Franc

14. Burundian Franc

Burundian Franc is the official currency of Burundi. Burundi, a country located in East Africa is one of the poorest countries in the world. No wonder it has its name in the list of weakest currency in the world.

  • 1 US Dollar = 2,856.01 Burundian Franc
  • Currency code = BIF
  • Country of issuance: Burundi
  • BIF Banknote denominations: 10, 20, 50, 100, 500, 1,000 and 5,000

Burundian Franc

13. Ugandan Shilling

This is the official currency of the Republic of Uganda. It was introduced with the establishment of the Bank of Uganda in the year 1966.

  • 1 US Dollar = 3,794.05 Ugandan Shilling
  • Currency code = UGX
  • Country of issuance: Republic of Uganda
  • UGX Banknote denominations: 1000, 2000, 5000, 10000, 20000, 50000

Ugandan Shilling

12. Colombian Peso

This is the official currency of Colombia. The value of this currency has depleted by hundred 100%  in the past five years.

  • 1 US Dollar = 3,914.00 Colombian Peso
  • Currency code = COP
  • Country of issuance: Colombia
  • COP Banknote denominations: 1000, 2000, 5000, 10000, 20000, 50000 and 100000

Colombian Peso

11. Cambodian Riel

This is the official currency of Cambodia, a country in the southeast region of Asia. From the time it was introduced, Cambodian Riel had a low exchange rate. One of the reasons for this is the fact that foreign currency (US Dollar) was more popular among the locals in Cambodia.

  • 1 US Dollar = 4,049.87 Cambodian Riel
  • Currency code = KHR
  • Country of issuance: Cambodia
  • KHR Banknote denominations: 50, 100, 500, 1000, 2000, 5000, 10000, 20000, 50000 and 100000

Cambodian Riel

10. Malagasy Ariary

Malagasy Ariary is the official currency of the Republic of Madagascar. Introduced in 1961, the Malagasy Ariary had a value equal to five Malagasy francs.

  • 1 US Dollar = 4,422.31 Malagasy Ariary
  • Currency code = MGA
  • Country of issuance: Republic of Madagascar
  • MGA Banknote denominations: 2000, 5000, 10000 and 20000

Malagasy Ariary

9. Paraguayan Guarani

This is the national currency of Paraguay, a country in the continent of South America. It is one of the weakest economies of South America. The country suffers an economic downturn due to various factors such as unemployment, low-quality education, etc.

  • 1 US Dollar = 7,463.87  Paraguayan Guarani
  • Currency code = PYG
  • Country of issuance: Paraguay
  • PYG Banknote denominations: 2000, 5000, 10000, 20000, 50000 and 100000

Paraguayan Guarani

8. Guinean Franc

This is the official currency of Guinea, a small country on the Western coast of Africa. Though rich in natural resources, the country has a weak economy because of the high inflation rate and low education rate.

  • 1 US Dollar = 8,560.00 Guinean Franc
  • Currency code = GNF
  • Country of issuance: Guinea
  • GNF Banknote denominations: 100, 500, 1000, 5000, 10000 and 20000

Guinean Franc

7. Uzbekistani Som

The Uzbekistani Som is the official currency of Uzbekistan. The country had been using the Russian Ruble even after its independence from the USSR. This had continued till Uzbekistan introduced Uzbekistani Som on November 15, 1993.

  • 1 US Dollar = 12,560.22 Uzbekistani Som
  • Currency code = UZS
  • Country of issuance: Uzbekistan
  • UZS Banknote denominations: 1, 3, 5, 10, 25, 50, 100, 200, 500, 1000, 5000, 10000

Uzbekistani Som

6. Indonesian Rupiah

Indonesian Rupiah is the national currency of Indonesia. Although the country is believed to be economically stable, the currency here has a low exchange rate and hence it has made its place on this list.

  • 1 US Dollar = 16,195.60 Indonesian Rupiah
  • Currency code = IDR
  • Country of issuance: Indonesia
  • IDR Banknote denominations: 1000, 2000, 5000, 10000, 20000, 50000, 100000

Indonesia Rupiah

5. Laotian Kip

Lao Kip or Laotian Kip is the official currency of Laos. Though the currency is increasing in value, it still has a long way to find its way out of the list of the lowest currencies in the world.

  • 1 US Dollar = 21,269.46 Laotian Kip
  • Currency code = LAK
  • Country of issuance: Laos
  • LAK Banknote denominations: 1, 5, 10, 20, 50, 100, 500, 1000, 2000, 5000, 10000, 20000, 50000, 100000

Laotian kip

4. Sierra Leonean Leone

This is the currency of Sierra Leone, a country in West Africa. One of the poorest countries in the world, Sierra Leone has suffered war and epidemics. It has a very weak economy which doesn’t seem to get better any sooner.

  • 1 US Dollar = 22,509.52 Sierra Leonean Leone
  • Currency code = SLL
  • Country of issuance: Sierra Leone
  • SLL Banknote denominations: 1000, 2000, 5000, 10000

Sierra Leonean Leone

2. Vietnamese Dong

This is the national currency of Vietnam, a country in Southeast Asia. The Vietnamese Dong is popular for being one of the highest denomination currencies in the world even though it is one of the lowest value notes.

  • 1 US Dollar = 25,380.00 Vietnamese Dong
  • Currency code = VND
  • Country of issuance: Vietnam
  • VND Banknote denominations: 10000, 20000, 50000, 100000, 200000, 500000

Vietnamese Dong

2. Iranian Rial

This is the official currency of Iran. It is known for being the world’s weakest currency. Even though Iran is rich in oil, the country is sanctioned by the US for oil exportation which has made the currency of Iran weaker.

  • 1 US Dollar = 42,062.50  Iranian Rial
  • Currency code = IRR
  • Country of issuance: Iran
  • IRR Banknote denominations: 100, 200, 500, 1000, 2000, 10000, 20000, 50000, 100000

Iranian Rial

1. Lebanese Pound (LBP)

Lebanese Pound is officially the lowest currency in the world.

The Lebanese Pound (LBP) has experienced severe depreciation due to a profound economic crisis that began in 2019, described by the World Bank as one of the worst since the mid-19th century. The crisis was fueled by extraordinarily high government debt, cash-strapped banks, a stagnant economy, and political turmoil. These factors combined have led the Lebanese Pound to become one of the lowest-valued currencies globally.

  • 1 US Dollar = 89,208.71 Lebanese Pound
  • Currency code = LBP
  • Country of issuance: Lebanon
  • LBP Banknote denominations: 1000, 5000, 10000, 20000, 50000 and 100000

Lebanese Pound


Conclusion

That is all on the list of the top 15 lowest currencies in the world as of 2024. Hopefully, you found this post useful. Keep visiting us for more updates from the world of finance.

FAQs About World’s Lowest and Weakest Currencies

Which country has the lowest currency in the world?
As of May 2024, Lebanese Pound (LBP) is the world’s lowest currency. 1 US Dollar = 89,208.71 Lebanese Pound.

Related: Currency Converter Online

Why is Iran currency so low?
Iran currency is so low because their economy is weak, local banks’ financial difficulties and high-demand for US dollars among Iranians due to low exports of oil and other items.

What is the world’s strongest currency?
Kuwaiti Dinar is the strongest currency in the world. 1 US Dollar = 0.31 Kuwaiti Dinar.

Why is Kuwait currency so high?
Kuwaiti currency is so high because it’s value is stable as it is not subjected to supply and demand.

What country has the most worthless money?
Venezuelan Bolivar and Iranian Rial – Due to massive devaluation these currencies are not worth the paper they are printed on.

Is Iran poor?
According to Iran’s Department of Statistics (announced in 2010) there are 10 million Iranians who live under the absolute poverty line and 30 million who live under the relative poverty line.




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