Top 10 Weakest Currencies of the World – Updated February 2018

Guinean Franc

Franc ranks at number 6 among the weakest currencies of the world. The currency of the Republic of Guinea cannot be missed while recording the weakest currencies of the world. 1 US Dollar equals 9,000 Guinean Francs.

Guine got independence from France in the year 1958 and from that day onwards the country is facing political instability and corruption otherwise a country like Guinea that has a lot of valuable minerals shall be a hot target for international investment.

If a politically stable government existed in the country the economy will surely rise. The highest denomination currency note of Guinean Franc is 10,000 which is equivalent to 1.11 USD.

Imageresultfor Kip ranks at number 5 among the weakest currencies of the world. Kip is the official currency of Laos from 1952. It is also among the less rated currencies in the world. Currently, 8,301 units of this currency are required to replace one unit of US Dollar.

Paraguayan Guarani

Guarani ranks at number 8 among the weakest currencies of the world. Guarani is the currency of the Republic of Paraguay. 5,608 units of Guarani equal One US Dollar.

Inflation, a large and mostly uncontrollable black market, and trademark of Corruption are the main causes of this much decline of the economy. The highest denomination currency note of Paraguayan Guarani is 100,000 which is equivalent to 17.83 USD.

Sierra Leonean Leone

Leone ranks at number 9 among the weakest currencies of the world. The official currency of Sierra Leone is Leone, one of the weakest currencies. 1$ is equal to 7,675 Leones.

The long civil war is the main cause of the decline of the economy. It is a great loss that cannot be repaired by the money received in exchange for export of diamonds.

The highest denomination currency note of Sierra Leonean Leone is 10,000 which is equivalent to 1.30 USD.

Cambodian Riel

Riel ranks at number 10 among the weakest currencies of the world. The Kingdom of Cambodia is having its official currency as Riel. It is also a trademark of the weakest currency of present time as well as of past.

One US Dollar is equal to 4,016 Riel. Cambodia is one of the countries highly affected by corruption.

Corruption has ruined important institutions of state such as Judiciary and Police. Obtaining a license for a new business or dealing with violations alleged by police and getting a verdict from the court, everything needs under table money or undue influence.

These are the root causes who damaged the economy. The highest denomination currency note of Cambodian Riel is 100,000 which is equivalent to 24.90 USD.

Imageresultfor Riel ranks at number 10 among the weakest currencies of the world. The Kingdom of Cambodia is having its official currency as Riel. It is also a trademark of the weakest currency of present time as well as of past.

Malagasy Ariary

The Malagasy Ariary is the official currency of Madagascar. The Malagasy Ariary was introduced in the year 2005. It is a very weak currency as you can exchange 3,208 Malagasy Ariary with 1 USD.

The highest denomination currency note of The Malagasy Ariary is 10,000 The Malagasy Ariary which is equivalent to 3.12 USD.

Imageresultfor The Malagasy Ariary is the official currency of Madagascar. The Malagasy Ariary was introduced in the year 2005. It is a very weak currency as you can exchange 3,208 Malagasy Ariary with 1 USD.