5 Weakest Currencies in The World in 2024

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1. Iranian Rial (IRR)

1 USD = 42,030.00 IRR

The Iranian rial is one of the world’s least valuable currencies. Many factors have led to its depreciation. Following the Islamic Revolution in 1979, foreign investors withdrew from Iran, contributing to a decline in the currency’s value. Moreover, the Iran-Iraq war increased economic challenges and political unrest in the country. As of 2023, the inflation rate in Iran has risen to approximately 47%.

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