TOP 10 the Weakest World Currencies in 2018

Most people know about the strongest, most stable and powerful world currencies, for example, British Pound, Swiss Franc (Swissie), US Dollar, Euro and others (TOP 10 the strongest currencies).

These Сurrencies are the most stable as well as countries issuing them.

However, what's about the cheapest world currencies? Who knows their titles and what countries they are issued in…?

While making this List we found that it's definitely hard to set the proper order of least valueble currencies, due to the fact that the economic situation is changing rapidly in all countries.

However, it is possible to define the certain devalued national currencies at he moment. Thus lets look at 10 cheapest foreign currencies against US Dollar.

The exchange rate was updated on the following date: Mar 05 2018.

No.5 – Lao or Laotian Kip

Currency code – LAK

1 USD = 8288 LAK

LAO is the only currency from this list, which did not devalue, but originally was issued with such low rate. Besides, from its issue date in 1952, the currency did strengthen against US Dollar and continue to improve its value.

No.4 – Guinean Franc

Currency code – GNF

1 USD = 9055 GNF

Regarding high inflation rate, progressing poverty and gangsters prosperity the currency of Guinea – African country is the most inflated currency.

Considering wealthy natural gifts: gold, adamants and aluminum the currency of this country must be more expensive (value).

No.3 – Indonesian Rupiah

Currency code – IDR

1 USD = 13765 IDR

Indonesia is economically stable and developed country in South East Asia. However, its money has very low exchange rate. The regulatory authorities of the country are taking all measures to strengthen national currency, but all their efforts lead only to insignificant changes today.

No.2 – Vietnamese Dong

Currency code – VND

1 USD= 22770 VND

Vietnam is still on its hard path from the centralized economy type to the market one, and consequently this country currency almost devalued today. At the moment Dong takes the second place in our “poorest currencies list".

However, experts insist that Vietnamese Government is going the right way and soon it can catch up with its closer Asian neighbors.

No.1 – Iranian Rial

Currency code – IRR

1 USD = 42025 IRR (official rate)

1 USD = ~67000 IRR (black market rate)

Iranian Rial – is the lowest currency in the world.Iran-Iraq War, Israel attacking, as well as the possibility of a Nuclear Weapon threatening the world from Iran government caused world superpowers to force economic and political sanctions. These measures included restricting access to the world commodity market and led to significant downturn in their economy. Being an oil exporter, Iran could no longer export its oil, which created a critical deficit in their budget.

All this caused Iranian Rial to become the “worst" world currency. From 2016, USA and EU have lifted some sanctions alternately, which should improve economic situation and stabilize the local money.