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Top 10 worst currencies in the world – bottom being world’s biggest oil exporter

In the complex world of global finance, some currencies struggle to maintain their value against major counterparts.

Despite being home to significant exporters, the following currencies find themselves at the bottom of the list, facing challenges that impact their strength.

Let’s explore the top 10 weakest currencies and delve into the main exports that characterise each nation’s economy, comparing their values to the British pound.

10. Ugandan Shilling (UGX)

The Ugandan Shilling faces challenges, with 1 GBP equaling approximately 5,300 UGX. Uganda relies on agriculture, with coffee being a major export, contributing significantly to its GDP.

9. Paraguayan Guarani (PYG)

Valued at around 15,000 PYG to 1 GBP, Paraguay’s Guarani struggles. Agriculture, including soybeans and beef exports, plays a crucial role in the nation’s economy.

8. Guinean Franc (GNF)

The Guinean Franc faces devaluation, with 1 GBP equaling around 14,000 GNF. Guinea is rich in natural resources, especially bauxite, which is a primary export.

7. Uzbekistani Som (UZS)

With 1 GBP equivalent to approximately 12,500 UZS, Uzbekistan relies on cotton and gold exports to sustain its economy.

6. Lebanese Pound (LBP)

The Lebanese Pound, trading at around 15,000 LBP to 1 GBP, reflects the country’s economic challenges. Lebanon has traditionally relied on banking and tourism, but political instability has hindered economic growth.

5. Indonesian Rupiah (IDR)

Indonesia faces currency devaluation, with 1 GBP equaling around 21,000 IDR. The country’s main exports include palm oil, coal, and natural gas.

4. Laotian Kip (LAK)

Valued at around 18,000 LAK to 1 GBP, Laos relies on hydropower, agriculture, and mining for economic sustenance.

3. Sierra Leonean Leone (SLL)

The Sierra Leonean Leone struggles, with 1 GBP equaling approximately 18,000 SLL. The country’s primary exports include diamonds, gold, and cocoa.

2. Vietnamese Dong (VND)

Vietnam’s Dong faces challenges, with 1 GBP equivalent to around 32,000 VND. The nation relies on manufacturing and exports of textiles, electronics, and seafood.

1. Iranian Rial (IRR)

Topping the list is the Iranian Rial, with 1 GBP exchanging for around 48,000 IRR. Iran, despite being one of the world’s largest oil exporters, faces economic sanctions impacting its currency.