The 5 Worst Currencies in the World

world's worst currenciesWith the US dollar being kicked back and forth like a soccer ball, its reputation in tatters, and value sliding steeply against all major world currencies, it might help us feel better about ourselves to know that we’re not the worst currency in the world. In fact, we don’t even make the top ten. Thanks to Fox News for the following rankings of the five weakest currencies in the world right now – our comments included, of course.

  • Sao Tome and Principe ($1 = 14,350 dobra): This small island off the western coast of Africa can also lay claim to NOT having the worst economy in the world, even though it’s close. As the second smallest nation on the continent, Sao Tome and Principe exports cocoa, palm kernels, and coffee.
  • Vietnam ($1 = 16,975 dong): With perhaps the worst named currency in the world, at least according to western ears, this former foe and ally has had a tough time of it financially, though a recent rise in tourism helps. Visitors are normally asked to pay for everything in dollars.
  • Turkmenistan ($1 = 24,000 manat): This former Soviet republic has significant oil and gas resources and starkly high poverty. What else would you expect with the misfortune of receiving a power mad “president for life,” Saparamurat Niyazov as your first leader? His forward thinking included abolishing opera, ballet, AIDS, and other scourges. Thankfully he’s dead now.
  • Somalia ($1 = 35,000 shillings): What do you do when your deathbed economy can’t seem to catch a break? Some countries, like the US, turn to government bailouts. Somalia decided to try widespread piracy on the high seas as a means to create a flourishing nation. So far, not so good.
  • Zimbabwe ($1 = 642,371,437,695, 221,000): We’re not sure what comes after trillions – zillions? Our experts tell us it’s actually quadrillions. Either way, it costs $35 million Zimbabwe dollars to buy an egg. If you plan to emigrate, maybe you should try for Somalia instead. At least they’re still on the charts.

Once more, our sincere thanks to Fox News for the preceding information. While our home currency might look like Rocky Balboa in the 12th round, it ain’t dead yet, and looks a heck of a lot better than these jokers.


* Read our brand new post below that discusses the factors that often create a dismally weak currency.

All Hail the World’s Weakest Currencies


The American Monetary Association Team

American Monetary Association

Flickr / Smath

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15 Responses to “The 5 Worst Currencies in the World”

  1. An ultra hyper inflation in Zimbabwean economy just due to unscientific printing of money. Yeah, it is unscientific entirely.

    This would be a productive one:
    http://naveenkalyani.blog.com/2011/12/23/scientific-and-unscientific-printing-of-money/

  2. ravi says:

    This post is obsolete now

  3. Steve Jobs says:

    Wow!
    That’s amazing

  4. Joshua Bediako says:

    I thank God my country Ghana is not among

    • Ken says:

      Ghana should have been no 4 (next to Somalia) but for re-denomination a few years ago where they knocked off 4 zeros. The dollar is currently about GHS2.1 (21,000 cedis but for re-denomination. Most locals still mention monetary figures in the pre – re-denomination way.
      e.g It not uncommon for a local to mention the cost of an item as 25,000 cedis and receive 2.50 cedis.

  5. Whoa… That’s even worse then me…

  6. Ben Dover says:

    Osama bin Laden? I thought you were dead! Turns out the film The Dictator was right! They must have killed your double!

  7. ZhouTran says:

    I’m Vietnamese
    Not bad :)

  8. KAMRO says:

    thank god am Turkish and 1$=1.90TL better than all the list! :)

    • Jordan says:

      That doesn’t make it top of the list, it would have to be under $1 to beat US Dollar or what ever that is then you have lower than other currencies, basically the lower the exchange rate the better.

  9. Ken says:

    Ghana should have been no 4 (next to Somalia) but for re-denomination a few years ago where they knocked off 4 zeros. The dollar is currently about GHS2.1 (21,000 cedis but for re-denomination. Most locals still mention monetary figures in the pre – re-denomination way.
    e.g It not uncommon for a local to mention the cost of an item as 25,000 cedis and receive 2.50 cedis.

  10. Bisu says:

    Yeah…$ is powerful…but it’s not because your economy is good..but it accounts to the fact that your reserve bank doesn’t have to pay you anything against a bill of $….they made it a legal tender..so actually you people are leaving in the most dangerous position….you will reign till the OPAQUE countries keep supplying oil against dollar…when that treaty is over..you are gone…wait for it…

  11. blah says:

    What about the Won? $1 equals over a thousand Won.

  12. [...] few years back we posted an article titled “The 5 Worst Currencies in the World.” Somewhat to our surprise, the topic generated an incredible amount of traffic, which – belatedly [...]

  13. Uktodqy says:

    GBP is worth more than US dollar