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.