"Currently, the United States dollar (USD) is still the benchmark for the world's currency exchange rates, as this currency is the most widely traded globally. Citing Merdeka.com, here are the 10 lowest currencies in the world for the year 2024, according to a report from Forbes:"

"Iranian Rial is the weakest currency in the world. IRR1 is equivalent to US$0.000024 or USD1 is equivalent to IRR41,667. Although it is now floating freely, the currency has remained in the range of 42,000 Rials against the dollar for the past few years."

"The Vietnamese dong is the second weakest currency in the world. 1 Vietnamese dong is equivalent to US$0.000041. This means US$1 is equal to VND24,390. The Vietnamese currency has weakened due to restrictions on foreign investment and a recent decline in exports, as well as rising interest rates in the US."

"Leone Sierra Leone is the third weakest currency in the world. The value of SLL1 is equivalent to US$0.000048. This means US$1 is equivalent to SLL20,833. The value of the Leone has been dragged down by inflation of more than 40 percent, along with large debt, slowing economic growth, and the long-term impact of the Ebola outbreak."

"Laos or Lao kip is the fourth weakest currency, with 1 Kip equivalent to US$0.000049. This means US$1 is equivalent to LAK20,408. The country is plagued by slow economic growth, rising foreign debt, and high inflation. This puts pressure on its currency."

"Indonesia ranks as the fifth weakest currency in the world with Rp1 equivalent to US$0.000062. This means US$1 is equivalent to Rp16,225. Indonesia is the largest Southeast Asian country by GDP thanks to its service sector, and the country is also rich in commodities. However, the exchange rate of the rupiah has weakened against other currencies due to high inflation and recession fears."

Pound Lebanon is the sixth weakest currency in the world with 1 pound worth US$0.000066. This means US$1 is equivalent to LBP14,925. The Lebanese pound fell to a record low against the US dollar at the beginning of 2021. This situation occurred due to a severely depressed economy, high inflation and unemployment, a banking crisis, and political unrest.

"Som Uzbekistan is the seventh weakest currency in the world with 1 som equivalent to US$0.000081. This means US$1 is equivalent to UZS12,346. Uzbekistan has implemented economic reforms but is still struggling with low economic growth, high inflation, unemployment, and corruption."

"Guinea franc is the eighth weakest currency in the world with 1 franc equivalent to US$0.00012. This means US$1 is equivalent to GNF8.621. This country has abundant natural resources such as gold and diamonds. However, Guinea is facing difficulties due to high inflation, military unrest, and the influx of refugees from neighboring countries, Liberia and Sierra Leone."

"Guarani Paraguay is the ninth weakest currency, with 1 guarani equivalent to US$0.00014. This means USD1 is equivalent to PYG7,463. This country is a major producer of soybeans, stevia (sugar substitute), and beef, as well as exporting corn and sugarcane. However, its currency is under pressure due to high inflation, corruption, and counterfeit currency."

The last on the list is the Ugandan shilling, with 1 shilling equivalent to US$0.00026. This means USD1 is equivalent to UGX3,759. The country is rich in commodities such as oil, gold, and coffee. However, its economy is plagued by unstable economic growth, high debt, and political unrest.