Top ten weakest currencies in the world in 2023

10 weakest world currencies in 2023

Moenycontrol News, Aug 25, 2023

1. Iranian Rial

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 511.39 IRR 1 USD = 42,275 IRR

Economic sanctions and political instability have contributed to the devaluation of the Iranian rial.

2. Vietnamese Dong

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 290.45 VND 1 USD = 24,005 VND

The Vietnamese dong has a lower value compared to major international currencies due to various economic factors.

3. Sierra Leonean Leone Currency

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 253.67 SLL 1 USD = 19.750 SLL

Sierra Leone’s economy has faced difficulties, affecting the value of its currency.

4. Laotian Kip Currency

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 237.86 LAK 1 USD = 19,659.15 LAK

The Laotian Kip has historically been weaker due to its relatively small economy.

5. Indonesian Rupiah

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 185.08 IDR 1 USD = 15,299.9 IDR

The Indonesian Rupiah has faced challenges related to inflation and economic stability.

6. Uzbekistani Som Currency

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 146.82 UZS 1 USD = 12,134.94 UZS

Economic issues & lack of currency convertibility have contributed to the weakness of the Uzbekistani Som.

7. Guinean Franc Currency

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 104.48 GNF 1 USD = 8,636.69 GNF

Political instability and economic challenges have impacted the value of the Guinean Franc.

8. Paraguayan Guarani Currency

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 88.04 PYG 1 USD = 7,318.58 PYG

Economic factors and inflation have affected the value of the Paraguayan Guarani.

9. Ugandan Shilling

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 45.13 UGX 1 USD = 3,730.59 UGX

Uganda’s economy has faced various challenges that can influence the value of its currency.

10. Iraqi Dinar

(Currency values as of August 25, 2023, 3PM IST & are subject to fluctuate)

1 INR = 15.93 IQD 1 USD = 1,316.99 IQD

The value of IQD has faced fluctuations over the years due to various factors, including economic instability & geopolitical situations.

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