The world's weakest currencies in 2024 -

The value of currencies oscillate due to a number of reasons, including economic factors such as inflation, global crisis, political instability, conflict, and sanctions, to name a few. Depending on where you live in the world, you may have more or less purchasing power comparing to other nations. In this gallery, you'll find a list of the weakest currencies of 2024.

For ease of reference, all currencies are compared to the US dollar (USD). It should also be noted that the value is representative of the moment the exchange rate was calculated. Click through to find out what the weakest currencies in 2024 are. 

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Tajikistani somoni -

The country has been through difficult times since it left the Soviet Union in 1991. The somoni replaced the rouble in 2000. In 2024, 1 TJS stands at around 0.093882925 USD.

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Sierra Leonean leone -

The leone replaced the British West African pound in 1964. Before the 1980s, the African currency was worth more than the US dollar. Today, 1 SLE buys 0.044004232 USD.

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São Tomé and Príncipe dobra -

The dobra replaced the escudo in 1977. The currency of the island nation is still pretty weak. Today, 1 STN is the equivalent of around 0.042454932 USD.

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Zimbabwean dollar -

Introduced in 1980, the currency has been through periods of extreme inflation. The Zimbabwean dollar was also subject to hyperinflation and was redenominated three times. Currently, 1 ZWG = 0.039014867 USD.

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Comorian franc -

The Comoros is an archipelagic state of three islands located in Southeastern Africa. In 2024, 1 KMF = 0.0021323454 USD. 

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Somali shilling -

The Central Bank of Somalia shut down after the civil war, but by 2014, the Somali shilling had recovered much of its value. However, it's still a weak currency: 1 SOS = 0.0017530374 USD.

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Mozambican metical -

The metical replaced the escudo in 1980. Back in 2005, due to severe inflation, the Mozambican metical was the world's weakest currency. In 2004, 1 MTZ is worth around 0.015651962 USD.

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Rwandan franc -

The franc is the official currency of this East African nation. As of today, it still ranks as one of the weakest in the world, with 1 RWF only buying 0.00073243942 USD.

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Tanzanian shilling -

The Tanzanian shilling replaced the East African shilling in 1966. It remains one of the weakest currencies in the world, with 1 TZS = 0.00037698817 USD.

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Congolese franc -

The economy of the Democratic Republic of the Congo (DRC) has been affected by conflict and instability over the years. Currently, 1 CDF is worth 0.00035012545 USD.

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Mongolian Tugrik -

The official currency of Mongolia is one of the weakest currencies in the world, with 1 MNT being equivalent to around 0.00029182827 USD.

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Ugandan shilling -

The Ugandan shilling is currently one of the weakest currencies in Africa and indeed the world. In 2024, 1 UGS buys around 0.00027048506 USD.

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Cambodian riel -

Cambodia has a dual-currency system, where US dollars are also accepted (and preferred). As for the local currency, 1 KHR buys 0.00024843755 USD.

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Colombian peso -

The Colombian peso dates all the way back to the 1800s. In the last decade, the currency has lost over 50% of its value against the US dollar. In 2024, 1 COP is the equivalent of 0.00022688179 USD.

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Malagasy ariary -

The Malagasy ariary replaced the franc in 2005. The currency from Madagascar is one of the world's weakest, with 1 MGA being equivalent to 0.00021401532 USD.

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Paraguayan guaraní -

The Paraguayan guaraní is one of the weakest currencies in South America and indeed the world at large. In 2024, 1 PYG buys 0.00012790826 USD.

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Guinean franc -

The official currency of the Republic of Guinea remains one of the weakest in the world in 2024, with 1 GNF equaling 0.00011603354 USD.

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Uzbekistani som -

Uzbekistan's economy has been showing signs of improvement over the last few years, but not enough to drive the som up in value. Currently, 1 UZS is worth around 0.000077845026 USD.

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Syrian pound -

The Syrian currency was somewhat stable until the Civil War in 2011. The country went downhill from there, and today 1 SYP is about 0.000076541166 USD.

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Indonesian rupiah -

While the Indonesian economy has grown over the past few years, the local currency still remains pretty weak. In 2024, 1 IDR is the equivalent of around 0.000063022329 USD.

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Laotian kip -

The official currency of Laos is one of the weakest in Southeast Asia and indeed the world, with 1 LAK buying 0.000045529913 USD.

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Vietnamese dong -

The Vietnamese dong was introduced in 1978, two years after the unification of the country. Currently, it's the third-lowest valued currency in the world.

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Vietnamese dong -

In 2024, 1 Vietnamese Dong is equivalent to around 0.000039343774 USD.

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Iranian rial -

The runner-up in the world's weakest currencies is the Iranian rial. Established in the late 1700s, the rial has gone through a lot, especially since the Islamic Revolution of 1979.

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Iranian rial -

Today, huge inflation and devaluation place the value of one Iranian rial at 0.000023726694 USD.

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Lebanese pound -

The world's weakest currency in 2024 is the Lebanese pound. The currency went downhill since the country's civil war in 1975 and never really recovered. 

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Lebanese pound -

Today, 1 LBP is worth around 0.00001116357 USD.

Sources: (Xe) (Yahoo) (Insider Monkey) (Wise) (CurrencyTransfer) 

See also: Why these European countries don't use the euro as currency

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