5 Worst Performing Currencies of 2023

3. Syrian Pound

Price Against 1 USD on January 2, 2023: 2512 

Price Against 1 USD on September 15, 2023: 13001

Percentage Decline in Price in 2023: 417%

The Syrian Pound is the official currency of Syria, the Middle Eastern country that has been in a state of internal war since 2011. Even though the war-like situation has stabilized in contextual terms over the past few months, the years of conflict have left the economy of the country in tatters. The loss of oil-producing territories in the north of the country, as well as a meltdown in the economy of neighboring Lebanon, have all contributed to the further deviation of the Syrian pound in recent months.