What is the top 10 lowest currency?

Top 10 Weakest Currencies in the World

The strength of a currency is a crucial indicator of a country’s economic health. Unfortunately, some currencies have consistently ranked low in global strength rankings, indicating severe economic challenges and vulnerabilities. Here is a list of the top 10 weakest currencies in the world:

1. Lebanese Pound (LBP): Lebanon’s currency has been languishing near the bottom of global currency strength rankings for an extended period, facing extreme devaluation. Political instability, economic mismanagement, and external factors have all contributed to the pound’s weakness.

2. Iranian Rial (IRR): Iran’s currency has been struggling due to international sanctions, economic isolation, and political tensions. Inflation and currency devaluation have plagued the country, weakening the rial’s purchasing power.

3. Vietnamese Dong (VND): While Vietnam has experienced strong economic growth in recent years, its currency remains relatively weak compared to others. This is partially due to Vietnam’s dependence on exports and its large trade deficit.

4. Lao Kip (LAK): Laos is a landlocked Southeast Asian country with a small and underdeveloped economy. The kip’s weakness is attributed to limited foreign investment, a narrow export base, and a high reliance on imports.

5. Indonesian Rupiah (IDR): Indonesia’s currency has been subject to volatility and depreciation, influenced by the country’s reliance on commodity exports and external factors.

6. Nigerian Naira (NGN): Nigeria’s currency has been weakened by a decline in oil revenues, which make up a significant portion of the country’s exports. Currency fluctuations and inflation have also affected the naira’s value.

7. Pakistani Rupee (PKR): Pakistan’s currency has faced devaluation due to political instability, high levels of debt, and a reliance on external borrowings.

8. Ghanaian Cedi (GHS): Ghana’s currency has experienced depreciation in recent years, influenced by high inflation, a large budget deficit, and structural economic issues.

9. Kyrgyzstani Som (KGS): Kyrgyzstan is a Central Asian country with a small and vulnerable economy. The som’s weakness stems from geopolitical instability, a limited trade base, and a high dependence on remittances from abroad.

10. Uzbekistani Som (UZS): Similarly, Uzbekistan’s currency has been weakened by economic isolation, authoritarian rule, and a lack of diversification in its export sector.

The weakness of these currencies highlights the economic challenges faced by various countries, ranging from political instability to structural vulnerabilities. Devalued currencies can impact individuals’ purchasing power, businesses’ profitability, and the overall development prospects of nations.