I just noticed that many countries have truly devalued currencies, not just small countries in general, but also some relatively large economies.

Based on the latest data, Lebanon ranks first with an exchange rate of 89,751 per dollar, followed by Iran (42,112) and Vietnam (26,040). This reflects risks from inflation, political instability, and dependence on commodity exports in these countries.

What’s interesting is that even countries in Southeast Asia that are relatively developed, like Indonesia (16,275), Laos (21,625), and Vietnam, still have relatively weak currencies, mostly because their economies rely heavily on agriculture and lack industrial diversification.

In Africa, countries with the weakest currencies such as Burundi (2,977) and Guinea (8,667) face challenges from poverty, political instability, and high inflation rates.

In summary, countries with the weakest currencies often share common issues: high inflation rates, unstable economies, and a lack of foreign investment, which create a cycle that causes their currencies to continuously depreciate.