This continues to hold down the value of Vietnam's national currency. With such a small economy relative to many other countries, investors are still very leery about investing any substantial amount of capital into the country. #2: Vietnamese Dong (VND): Īlthough there has been some small improvement since 2020, Vietnam is still struggling with the shift from a centralized economy to a market economy. The rial has remained the weakest currency as a result of sanctions that prevent Iran from exporting petroleum into the global market, partially due to political instability in the region. Yet again, the Iranian rial remains the lowest currency in the world in 2022, with a value of over 42 thousand IRR to $1 USD. Interested in seeing what things look like on the other side? Check out our blog on the highest currencies in the world in 2022 The Top 10 Weakest Currencies in the World: #1: Iranian Rial (IRR): *All exchange rates were collected using Google Finance’s archived currency data. Let’s evaluate how these lowest currencies in the world on the foreign exchange market compared to the world’s most traded currency – the U.S. T he world has changed dramatically over the last couple of years, with the rise of COVID-19 and all its variants, many countries around the world have had to completely rethink how they manage major industries for the safety of their employees.ĭespite these global challenges, the lowest currencies in the world remained largely the same as they were back in 2020.
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