5 Weakest Currencies in The World in 2024

3. Lao Kip (LAK)

1 USD = 20,856.61 LAK

Laos is one of Southeast Asia’s poorest nations that has been facing many economic challenges. The kip has been Laos’ currency since 1955, replacing the French Indochinese piastre at an equal rate. Originally tied to the US dollar from 1958 to 1972, the kip underwent two replacements in 1972 and 1979 in efforts to stabilize its value.