LIVEThe 5 Weakest Currencies in the World*
*Struggling to Stay Afloat*
In the world of currency, there are winners and losers. And right now, these 10 currencies are struggling to stay afloat.
*1. Iranian Rial (1 IRR = 0.000024 USD)*
The Iranian Rial is the weakest currency in the world. With 1 rial buying just 0.000024 U.S. dollars, it's a wonder anyone can afford to buy anything at all. But Iran's economy has been hit hard by sanctions, political unrest, and inflation, leaving the rial in a precarious position.
*2. Vietnamese Dong (1 VND = 0.000041 USD)*
The Vietnamese Dong is barely holding on. Vietnam's economy has been growing rapidly, but restrictions on foreign investment and a slowdown in exports have taken their toll on the dong.
*3. Sierra Leonean Leone (1 SLL = 0.000048 USD)*
The Sierra Leonean Leone is struggling to recover from the devastating effects of the Ebola outbreak. With 1 leone buying just 0.000048 U.S. dollars, it's clear that this West African country has a long way to go.
*4. Laotian Kip (1 LAK = 0.000049 USD)*
Laos' economy has been growing steadily, but the Laotian Kip is still one of the weakest currencies in the world. High inflation and rising foreign debt have taken their toll on this Southeast Asian country.
*5. Indonesian Rupiah (1 IDR = 0.000064 USD)*
Indonesia's economy is the largest in Southeast Asia, but the Indonesian Rupiah is still struggling. High inflation and fears of recession have hit the rupiah hard.
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