₦airaland Forum

Kennitrust:
Good day my follow Nairalanders.

Everyday, life opens a new chapter of life to us. My own chapter had been opened and and it read... "it time to get married.

In the church I attended, there I met this girl so mature enough to be taken in as a wife. I approach her for the first time and I started asking her out. Seem she knew my intention, she started asking me about my church life, my family, my business and all that not.

To be honest with her, I did my best to answer every question in the language she could understand.

She seems not still satisfied with my account, she sent me this message at about 5am.
Said until I respond to those questions, she won't have anything to do with me again.

I'm truly confused on wether everyone that finds love 💕 really goes through this rigorous question.

And more about her life, she spent almost everyday in church after work. She said if I'm truly serious, I should also be as serious as she is in going and participating in all weekly activities in the church.

Please help, how do I answer this questions, since it the only options she said can bring us together?

She can be a good girl. Don't lose her,please.

GOD IS MY EMERGENCY FUND HOLDER. HE KNOWS HOW MUCH I WOULD NEED AND HE WOULD PROVIDE IT ACCORDINLY.MEANWHILE ,I DON'T SPEND RECKLESSLY, I AM A CAUTIOUS SPENDER.

Englishisamust:
Good evening, I saw this question online. Can someone earning 600k per month build a house in Nigeria??

Yes.It depends on so many factors; Your location ,Your family size, Your area of choice for the property and your monthly expenses .

You need to rush down to the hospital.

GOFRONT:
When FALZ said "This is Nigeria, everybody is a criminal"

Truely he knew what he said

FALZ is wrong if he said so. I AM NOT A CRIMINAL .

Peterobiisathie:
they are still the same individuals that are blaming the government for deportation of Nigerians from Uganda

They will start blaming Yoruba when India starts issuing mass deportation order.

Dpsychologist:
CBN Named “Central Bank of the Year 2026” : What This Means for Nigeria’s Economy



https://www.thisdaylive.com/2026/03/29/cbn-gains-global-recognition-with-emergence-as-central-bank-of-the-year/#:~:text=CBN

LIAR!!!

Imattertoo:
What do you think? Is she right or wrong?

LOL.. She is ignorant.Those who invested heavily in Stocks from 2022 till now would definitely laugh at this comment .

Check the efficiency of the alternator first. From what you have explained here ,the battery is okay,but it looses its charges once parked .

Demetrix:
Sequel to my last thread where I complained about a burning sensation in my testicle area, a lot of persons advised that I go for scan for a possible testicle torsion case.

I went for scan and ran all the possible scan from abdominal to testicle scan and nothing was found. The sensation stopped and I was found.

However of recent the burning sensation around my left testicle started again and sometimes I notice it moves up to my waist area in form of weird pains.

Please what do you suggest I do.

Previous thread https://www.nairaland.com/8509171/pain-lower-abdomen-testicles

Go for deworming.

google it by typing "how to verify .........University certificate online" Many schools have separate portal for certificate verification.Just ensure the site you visit has a link with the university website OR you can check verification slate from the school's website .

UncleSnr:
https://mediatalkafrica.com/169348/thousands-protest-against-new-tax-proposals-in-kenya-bringing-nairobi-to-standstill/

They have every right to protest. A litre of Petrol is around 2,181.44 Nigerian Naira . I dont understand how they are coping .

NOwazobia:
Let Yorubas, and Fulanis start the protest, it is their government.

or do you hear of any pro government group protesting in Kenya?


Do you hear thugs, and Soldiers using live bullets on Protesters in Kenya?

But it always happens in Nigeria,

This country is ripe for division,...

We are not meant to be together at all...

You guys are blindly tribalistic,yet you accuse others of tribalism. So ,there was no Yoruba or Hausa or Fulani that voted for Peter Obi? Or those ones are not important to you?

hurryup123:
It is clear Tinubu cannot lead this country. No excuses, no conspiracy theories can bail out a head of state who cannot guarantee security at any level...

wetin concern Tinubu in this matter?

Mystic216:
Rivers state should fight godfatherism the same way Anambra did under Peter Obi and see their state move tremendously

Godfatherism does no good to any state in Nigeria

Wike be trying so hard to take the path of Bulaba

Don't be deceived .There are new godfathers hovering around him.

Na illiterate full this space.Did you guys read at all ? Try and read first before commenting. The electricity being generated is being rejected the distribution companies due to technical inability .There is clear difference between Power generation and Power Transmission.

allcomage:
I don't support rape but life jail is no no for me. 10 to 20 is OK, then our corrupt politicians should get life jail for corruption.

How about the life of the victim ? Do you know how traumatizing it is for the victim ?

opamoses1:
https://punchng.com/software-engineer-bags-life-for-raping-minor-on-childrens-day

I love how Lagos is dealing with sexual crimes,especially with underage girls.

10billionDollar:
Due to joblessness & frustration I applied for a driver job at a hotel, during the interview with the CEO, he noticed I was well learned, he then requested for my credentials, after seeing degree certificate, nebosh certification etc
He said his conscience can't allow him to use a graduate as a driver. He then offered me the position of the hotel manager on a salary of 50k, I was very happy and grateful initially but I had to abscond after a month of working there without salary and fulfilment.

First the female supervisor managing the hotel operations before refused to handover critical management portfolios to me as instructed by the CEO, so I was still reporting to her daily.
The other staff complained badly of their meagre pay and some have not been paid for 3 months, they would not take instructions from me citing they have not been paid salaries. The hotel was like a porn hub, the CEO wasn't ready for a change, instead he will be telling me to create a better new work culture amongst the staff.

I would sit in the office with a non functional computer, move round the hotel daily, all staffs were still reporting to the supervisor.
I had no tangible task to handle as the manager. I later noticed my presence was a threat to the female supervisor's choppings

I took excuse from her that I was going to buy food outside and that was how I disappeared from there till date


I want to learn software testing oooo

You japa as a manager and japada

Negroid001:
Me and my younger sister were having our usual afternoon gossips and gists and something came up.
I asked after a close friend of hers whom i know to be very affluent and she erupted that i should stop asking after her that she doesn't support me dating any of her close friends. I asked her why, she said i have nothing to offer her friend. I mean, imagine, I'm some years away from 30, working with several firms of which 1 is among the top 10 highest grossing in the country and this big head has the audacity to tell me i can't hook her rich friend.

I take us down memory lane to the reason why she ditched her immediate ex, she told me the dude was struggling and she didn't see much prospect in him, her childhood crush oo. I asked her what's the difference between me and her? She couldn't come up with a valid response. She kept on hollering that I'm supposed to be a provider. Provider my ass.

As a man, I've set the standard of not getting involved with women below my economic class or earnings and i see nothing wrong with it. If women see marrying above one's class as normal, we men shouldn't accept anyone below par also.

Woman wey no get shingbai for account go dey give man wey dey earn conditions, what absurdity!

Let's stop fooling ourselves with love shi. Marriages and relationships are transactional.
It's an arrangement and one has to make the best of choices. What are you bringing to the table?

I blame low self esteemed men for putting a false sense of value on our women. The thing dey mess with their brain. The only thing most of them have to offer is sex, nothing more.

Men, raise your standards!

I agree with you 100 percent. Please, dont settle for less.

PrinceDoctor:
So, I applied for the Fg grant. Message was sent for nin verification, did the verification. Then just this afternoon, I received a suprise credit alert of N50,000.

This is a good move but I strongly believe that the country will experience a positive economic turnaround.

God bless the great Jagaban and all lovers of this great country, Nigeria.

PS: Picture added. This is not just about me rushing to post this. I'm not a hungry man. But this is as a proof that the Fg Grant is not a scam.

Though the naysayers can't repent but we move with HOPE. Nigeria SHALL be great in our time.

The grant has arrived with evidence.

How much did you apply for?

AAAA67:
A graduate in law should know what her degree is after spending five years in the University.
Has nothing to do with the institution - NOUN , which some people have their reservations about.
She brought the embarrassment upon herself.
I don't blame Pastor ENECHE on this.
She should apologize for giving wrong testimony and should correct herself.

Was she there for a job interview or testimony ? He does not have the right to set her up for ridicule after all, the essence of testimony is to ridicule the devil,now the testifier is now being ridiculed .

Naira20:
Everything rises and falls on leadership.
Keyamo is a square peg in a round hole...period

Keyamo is not the problem but the problem is the CEO who is so loquacious that he discloses his business strategies on National TV.

Tradepunter2:
All these useless paid opay agent up there..... You think serious biznes minded people use opay? You must be daft..... Keep fooling yourselves

I am surprised o

OloYeOfEgbE:
Yaribas do this skull mining for cruise normally..

One digbolugi must surely run amuck .

kettykin:
This country might actually be under some high tech attack without knowing or understanding the nature of attack due to the advanced technology the attackers are using. Since those balloons flew into the US something Is yet to add up

It might be some high-level attack on its aircraft software equipment.

cuba62:
Please why is the Nigerian Military settling community disputes? What is the primary responsibility of the Nigerian Military?
Something is fundamentally wrong with this country.

Please, stop kicking who are already in their graves.

remiopash:
You guys like to amplify negative fake news about Nigeria. This is not true.
Source: Yahoo news


15 Weakest Currencies in The World in 2024

USB
+0.93%

JPM
+1.24%

^GSPC
+0.63%
Minal Zaheer
February 20, 2024·9 min read
In this article:

USB
+0.93%
Watchlist

Watchlist
Recent Research
|
12d
yahoo plus badge
Large Cap US Pick List - March 2024

JPM
+1.24%


^GSPC
+0.63%

In this article, we will take a look at the 15 weakest currencies in the world in 2024. If you would like to skip our discussion on the foreign exchange market, you can go to the 5 Weakest Currencies in The World in 2024.

The global foreign exchange market is estimated to be valued at $752.7 billion as of 2023. The market is predicted to expand at a compound annual growth rate (CAGR) of 6.5% to reach a value of $1023.91 billion by 2028. The global foreign exchange market turnover is influenced by reporting dealers who contribute to liquidity throughout the day. These dealers engage in buying and selling foreign currency at their set prices, maintaining a continuous offering of prices throughout the day. This impacts the daily forex market cap and shapes predictions regarding the market's future. A key factor driving the growth of the foreign exchange market is the increasing trend of urbanization and digitalization. These factors are reshaping the foreign exchange market landscape, with digital technologies influencing trading methods and access to currency markets.

Europe is forecasted to contribute 43% to the overall growth of the global foreign exchange market during the period between 2023-2028. Similarly, North America is also expected to experience growth. From 2020 to 2021, currency transactions in North America increased by 3.6%, largely due to consistent monitoring and trade regulation in the region. The initial phase of the pandemic in North America caused numerous industrial facilities to temporarily close, which had an effect on 2020's foreign exchange operations. However, when COVID-19 immunization efforts began in 2021, the foreign exchange market in North America showed signs of stability and confidence. For instance, the USD experienced a recovery amid signs of economic revival. You can also check out the 15 Strongest Currencies in the World in 2024 here.

Major Players in Foreign Exchange Services
Key industry players are significantly contributing to the growth of the foreign exchange market. One such company is Bank of America Corporation (NYSE:BAC), catering to small and middle-market businesses, large corporations, and individual consumers with a comprehensive range of banking services. Bank of America Corporation (NYSE:BAC) facilitates the online ordering of foreign currency through a mobile banking app for individuals with savings accounts or at branches for credit card holders.

Moreover, JPMorgan Chase & Co. (NYSE:JPM) is another prominent financial services company operating in the industry. The company specializes in cross-border payments, operating in over 200 countries and territories, enabling individuals to send and receive money in more than 120 currencies. As of December 31, 2023, JPMorgan Chase & Co. (NYSE:JPM) reported holding assets totaling $3.9 trillion and stockholders' equity amounting to $328 billion.

Here's what Vltava Fund said about JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2023 investor letter:

“Last spring, the US went through a brief banking crisis that cost several smaller and medium-sized banks their lives. One of them, First Republic Bank, with assets of $230 billion, went into receivership and was bought out by the largest US bank, JPMorgan Chase & Co. (NYSE:JPM). The acquisition terms were very favourable for JPM and the facts that few, if any, other banks could have taken over the whole of First Republic Bank in its then-present state while guaranteeing more than $100 billion of its deposits played a role. JPM could do it. It is not only the largest, but also by its balance sheet the strongest US bank and, in our opinion, clearly the best managed. It has come out of this crisis even stronger. We have actively followed the banking sector for 20 years in many countries around the world. Our view is that a well-managed bank can be a very good long-term investment but that it is better to focus on the best and highest quality available. Banking is not a sector where it pays to trade quality for cheaper valuations. That is why we hold JPM.”

Another key player in the industry, Commonwealth Bank of Australia (ASX:CBAPK), provides the convenience of ordering foreign currency online through ExpressFX, with the flexibility to order up to $10,000. The online ordering platform offers a variety of options with up to 30 currencies available. Customers also have the alternative to purchase foreign currency in person at the branch.

In a press release on February 14, 2024, the Commonwealth Bank of Australia (ASX:CBAPK) highlighted its achievements, asserting its position as Australia's largest home lender. The bank played a significant role in helping over 60,000 customers acquire new homes during the half-year period. Moreover, they contributed to business growth by extending $18 billion in new business loans. As Australia's primary savings bank, they hold more than 26% of all household deposits.

15 Weakest Currencies in The World in 2024
15 Weakest Currencies in The World in 2024
Photo by Christian Dubovan on Unsplash

Our Methodology
To shortlist the 15 weakest currencies in the world in 2024, we took into account two primary metrics, namely the inherent strength of a currency in relation to exchange rates and its volume of foreign exchange trade. Information related to Forex trading volumes and exchange rates was sourced from CMC Markets, a financial services company based in the UK, and Forex.com. For the purpose of ranking, we have used the latest exchange rates in terms of the US Dollar.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

Here’s the list of the weakest currencies in the world in 2024.

15 Weakest Currencies in The World in 2024
15. Congolese Franc (CDF)
1 USD = 2,750.00 CDF

The Congolese Franc is the currency of the Democratic Republic of Congo. Created in 1997 -- it is one of the weakest currencies in the world and continues to depreciate against the US dollar. In January 2024, the official exchange rate witnessed a weekly depreciation of 1.34%. This decline is attributed to the prevalent political instability and a scarcity of economic opportunities within the country.

14. Burundian Fran (BIF)
1 USD = 2,854.10 BIF

The Burundian Franc is Burundi's currency. It is amongst the weakest currencies due to the country's heavy reliance on agriculture and the absence of industrialization. Despite Burundi's decent food production, the economy has contracted by 25% in recent years, primarily attributed to civil unrest and overpopulation. Therefore, the nation heavily depends on humanitarian assistance and has a substantial national debt, reaching billions.

13. Ugandan Shilling (USH)
1 USD = 3,867.78 USH

The weakness of the Ugandan Shilling can be attributed to historical challenges faced during the government of Idi Amin, particularly in economic and immigration policies. Despite some improvements in recent years, the currency has depreciated around 5% against USD during the financial year 2023, indicative of ongoing economic instability and a lack of substantial development.

12. Colombian Peso (COP)
1 USD = 3,912.13 COP

Colombia has experienced significant economic instability, leading to an increase in prices and the depreciation of the country's currency. The Colombian economy relies heavily on exported goods, such as oil and coffee. Fluctuations in global prices for these commodities have a profound impact on the stability of the Colombian currency.

11. Cambodian Riel (KHR)
1 USD = 4,073.56 KHR

The agriculture and tourism sectors serve as Cambodia's main sources of income. The country has a dual-currency system, where US dollars are accepted as legal tender alongside the local currency, the riel. Dollar usage is prominent in urban centers and tourist destinations, while the riel is more commonly used in rural areas. In response to this disparity, the National Bank of Cambodia made efforts in 2020 to remove dependency on dollars slowly.

10. Malagasy Ariary (MGA)
1 USD = 4,542.83 MGA

Madagascar adopted the Malagasy ariary as its main currency in 2005, replacing the franc. Madagascar deals with extreme poverty, as around 69% of its population lives below the poverty line. The country faces challenges of slow economic growth and poverty due to weak governance, lack of development of human resources, and poor infrastructure.

9. Paraguayan Guarani (PYG)
1 USD = 7,283.00 PYG

Paraguay is experiencing a major economic decline characterized by high inflation, increased unemployment rates, a rise in poverty, and heavy corruption. These factors have led to the depreciation of the currency. Paraguayan Guarani is at the ninth position on our list of the 15 weakest currencies in the world in 2024.

8. Guinean Franc (GNF)
1 USD = 8,593.11 GNF

The Guinea Franc (GNF) is the official currency of the Republic of Guinea, divided into smaller units known as centimes, although centime coins are no longer in circulation due to their low purchasing power. The GNF operates on a floating exchange rate and is considered weak, primarily due to Guinea's economic instability and high inflation rate.

7. Uzbekestani Som (UZS)
1 USD = 12,339.85 UZS

The economy of Uzbekistan experienced significant challenges due to the impact of the Covid-19 pandemic. While internal economic activities resumed in the third quarter of 2022, the decline in industrial output created uncertainty regarding the future of the country's currency. Despite increased government efforts to stabilize the currency, success has been limited or non-existent.

6. Lebanese Pound (LBP)
1 USD = 15,023.74 LBP

The depreciation of the Lebanese pound is due to a severe economic crisis that began in 2019 and is considered one of the worst by the World Bank since the mid-19th century. By October 2019, Lebanon faced four major challenges leading to the crisis. Firstly, the extremely high government debt made defaulting seemingly inevitable. Secondly, banks, which had lent a significant portion of their funds to the government, were facing a shortage of cash. Thirdly, the economy had not experienced growth for a decade, resulting in numerous social and political problems. Lastly, the country was in a state of political chaos, lacking clear leadership to address the crisis.

Others;

5. Indonesian Rupiah (IDR)
1 USD = 15,619.25 IDR
Indonesia faced many challenges, including the 1997 Asian financial crisis, the 2007-2008 Great Recession, and the Covid-19 pandemic, all contributing to the weakness of the rupiah. Furthermore, declining foreign exchange reserves worsened the depreciation of the currency. With limited reserves, Indonesia’s central bank, Bank Indonesia, faces difficulties protecting its currency from rising US interest rates.

4. Sierra Leonean Leone (SLL)
1 USD = 19,750.00 SLL
Sierra Leonean Leone (SLL) was introduced as the replacement for the British West African pound in 1964. During the 1980s, there was a short time when the SLL’s value surpassed the US dollar before it began facing depreciation. The civil war in Sierra Leone further increased inflation, resulting in the introduction of many versions of the SLL to stabilize the currency. Both the old and new versions of the SLL are still in use. However, inflation is still rising and is at a rate of 37.8%.

2. Vietnamese Dong (VND)
1 USD = 24,462.50 VND
After the reunification of Vietnam in 1978, the Northern dong and Southern dong were combined into a single currency. However, economic challenges led to adjustments to strengthen the currency. These measures proved counterproductive, leading to a staggering 774% inflation rate by 1986. Despite subsequent efforts to stabilize the currency, the impact of this economic downturn persists, making VND one of the weakest currencies in the world.


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%.

References1:
StatiSense

You guys like to amplify negative fake news about Nigeria. This is not true.
Source: Yahoo news


15 Weakest Currencies in The World in 2024

USB
+0.93%

JPM
+1.24%

^GSPC
+0.63%
Minal Zaheer
February 20, 2024·9 min read
In this article:

USB
+0.93%
Watchlist

Watchlist
Recent Research
|
12d
yahoo plus badge
Large Cap US Pick List - March 2024

JPM
+1.24%


^GSPC
+0.63%

In this article, we will take a look at the 15 weakest currencies in the world in 2024. If you would like to skip our discussion on the foreign exchange market, you can go to the 5 Weakest Currencies in The World in 2024.

The global foreign exchange market is estimated to be valued at $752.7 billion as of 2023. The market is predicted to expand at a compound annual growth rate (CAGR) of 6.5% to reach a value of $1023.91 billion by 2028. The global foreign exchange market turnover is influenced by reporting dealers who contribute to liquidity throughout the day. These dealers engage in buying and selling foreign currency at their set prices, maintaining a continuous offering of prices throughout the day. This impacts the daily forex market cap and shapes predictions regarding the market's future. A key factor driving the growth of the foreign exchange market is the increasing trend of urbanization and digitalization. These factors are reshaping the foreign exchange market landscape, with digital technologies influencing trading methods and access to currency markets.

Europe is forecasted to contribute 43% to the overall growth of the global foreign exchange market during the period between 2023-2028. Similarly, North America is also expected to experience growth. From 2020 to 2021, currency transactions in North America increased by 3.6%, largely due to consistent monitoring and trade regulation in the region. The initial phase of the pandemic in North America caused numerous industrial facilities to temporarily close, which had an effect on 2020's foreign exchange operations. However, when COVID-19 immunization efforts began in 2021, the foreign exchange market in North America showed signs of stability and confidence. For instance, the USD experienced a recovery amid signs of economic revival. You can also check out the 15 Strongest Currencies in the World in 2024 here.

Major Players in Foreign Exchange Services
Key industry players are significantly contributing to the growth of the foreign exchange market. One such company is Bank of America Corporation (NYSE:BAC), catering to small and middle-market businesses, large corporations, and individual consumers with a comprehensive range of banking services. Bank of America Corporation (NYSE:BAC) facilitates the online ordering of foreign currency through a mobile banking app for individuals with savings accounts or at branches for credit card holders.

Moreover, JPMorgan Chase & Co. (NYSE:JPM) is another prominent financial services company operating in the industry. The company specializes in cross-border payments, operating in over 200 countries and territories, enabling individuals to send and receive money in more than 120 currencies. As of December 31, 2023, JPMorgan Chase & Co. (NYSE:JPM) reported holding assets totaling $3.9 trillion and stockholders' equity amounting to $328 billion.

Here's what Vltava Fund said about JPMorgan Chase & Co. (NYSE:JPM) in its Q4 2023 investor letter:

“Last spring, the US went through a brief banking crisis that cost several smaller and medium-sized banks their lives. One of them, First Republic Bank, with assets of $230 billion, went into receivership and was bought out by the largest US bank, JPMorgan Chase & Co. (NYSE:JPM). The acquisition terms were very favourable for JPM and the facts that few, if any, other banks could have taken over the whole of First Republic Bank in its then-present state while guaranteeing more than $100 billion of its deposits played a role. JPM could do it. It is not only the largest, but also by its balance sheet the strongest US bank and, in our opinion, clearly the best managed. It has come out of this crisis even stronger. We have actively followed the banking sector for 20 years in many countries around the world. Our view is that a well-managed bank can be a very good long-term investment but that it is better to focus on the best and highest quality available. Banking is not a sector where it pays to trade quality for cheaper valuations. That is why we hold JPM.”

Another key player in the industry, Commonwealth Bank of Australia (ASX:CBAPK), provides the convenience of ordering foreign currency online through ExpressFX, with the flexibility to order up to $10,000. The online ordering platform offers a variety of options with up to 30 currencies available. Customers also have the alternative to purchase foreign currency in person at the branch.

In a press release on February 14, 2024, the Commonwealth Bank of Australia (ASX:CBAPK) highlighted its achievements, asserting its position as Australia's largest home lender. The bank played a significant role in helping over 60,000 customers acquire new homes during the half-year period. Moreover, they contributed to business growth by extending $18 billion in new business loans. As Australia's primary savings bank, they hold more than 26% of all household deposits.

15 Weakest Currencies in The World in 2024
15 Weakest Currencies in The World in 2024
Photo by Christian Dubovan on Unsplash

Our Methodology
To shortlist the 15 weakest currencies in the world in 2024, we took into account two primary metrics, namely the inherent strength of a currency in relation to exchange rates and its volume of foreign exchange trade. Information related to Forex trading volumes and exchange rates was sourced from CMC Markets, a financial services company based in the UK, and Forex.com. For the purpose of ranking, we have used the latest exchange rates in terms of the US Dollar.

By the way, Insider Monkey is an investing website that tracks the movements of corporate insiders and hedge funds. By using a consensus approach, we identify the best stock picks of more than 900 hedge funds investing in US stocks. The top 10 consensus stock picks of hedge funds outperformed the S&P 500 Index by more than 140 percentage points over the last 10 years (see the details here). Whether you are a beginner investor or professional one looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and corporate insiders.

Here’s the list of the weakest currencies in the world in 2024.

15 Weakest Currencies in The World in 2024
15. Congolese Franc (CDF)
1 USD = 2,750.00 CDF

The Congolese Franc is the currency of the Democratic Republic of Congo. Created in 1997 -- it is one of the weakest currencies in the world and continues to depreciate against the US dollar. In January 2024, the official exchange rate witnessed a weekly depreciation of 1.34%. This decline is attributed to the prevalent political instability and a scarcity of economic opportunities within the country.

14. Burundian Fran (BIF)
1 USD = 2,854.10 BIF

The Burundian Franc is Burundi's currency. It is amongst the weakest currencies due to the country's heavy reliance on agriculture and the absence of industrialization. Despite Burundi's decent food production, the economy has contracted by 25% in recent years, primarily attributed to civil unrest and overpopulation. Therefore, the nation heavily depends on humanitarian assistance and has a substantial national debt, reaching billions.

13. Ugandan Shilling (USH)
1 USD = 3,867.78 USH

The weakness of the Ugandan Shilling can be attributed to historical challenges faced during the government of Idi Amin, particularly in economic and immigration policies. Despite some improvements in recent years, the currency has depreciated around 5% against USD during the financial year 2023, indicative of ongoing economic instability and a lack of substantial development.

12. Colombian Peso (COP)
1 USD = 3,912.13 COP

Colombia has experienced significant economic instability, leading to an increase in prices and the depreciation of the country's currency. The Colombian economy relies heavily on exported goods, such as oil and coffee. Fluctuations in global prices for these commodities have a profound impact on the stability of the Colombian currency.

11. Cambodian Riel (KHR)
1 USD = 4,073.56 KHR

The agriculture and tourism sectors serve as Cambodia's main sources of income. The country has a dual-currency system, where US dollars are accepted as legal tender alongside the local currency, the riel. Dollar usage is prominent in urban centers and tourist destinations, while the riel is more commonly used in rural areas. In response to this disparity, the National Bank of Cambodia made efforts in 2020 to remove dependency on dollars slowly.

10. Malagasy Ariary (MGA)
1 USD = 4,542.83 MGA

Madagascar adopted the Malagasy ariary as its main currency in 2005, replacing the franc. Madagascar deals with extreme poverty, as around 69% of its population lives below the poverty line. The country faces challenges of slow economic growth and poverty due to weak governance, lack of development of human resources, and poor infrastructure.

9. Paraguayan Guarani (PYG)
1 USD = 7,283.00 PYG

Paraguay is experiencing a major economic decline characterized by high inflation, increased unemployment rates, a rise in poverty, and heavy corruption. These factors have led to the depreciation of the currency. Paraguayan Guarani is at the ninth position on our list of the 15 weakest currencies in the world in 2024.

8. Guinean Franc (GNF)
1 USD = 8,593.11 GNF

The Guinea Franc (GNF) is the official currency of the Republic of Guinea, divided into smaller units known as centimes, although centime coins are no longer in circulation due to their low purchasing power. The GNF operates on a floating exchange rate and is considered weak, primarily due to Guinea's economic instability and high inflation rate.

7. Uzbekestani Som (UZS)
1 USD = 12,339.85 UZS

The economy of Uzbekistan experienced significant challenges due to the impact of the Covid-19 pandemic. While internal economic activities resumed in the third quarter of 2022, the decline in industrial output created uncertainty regarding the future of the country's currency. Despite increased government efforts to stabilize the currency, success has been limited or non-existent.

6. Lebanese Pound (LBP)
1 USD = 15,023.74 LBP

The depreciation of the Lebanese pound is due to a severe economic crisis that began in 2019 and is considered one of the worst by the World Bank since the mid-19th century. By October 2019, Lebanon faced four major challenges leading to the crisis. Firstly, the extremely high government debt made defaulting seemingly inevitable. Secondly, banks, which had lent a significant portion of their funds to the government, were facing a shortage of cash. Thirdly, the economy had not experienced growth for a decade, resulting in numerous social and political problems. Lastly, the country was in a state of political chaos, lacking clear leadership to address the crisis.

Ezechi18:
I will go straight on this!

She came to my side on 6th February, we had se'X using the pull out method without protection.
She was supposed to see her period at that month but nothing show, on the 2nd March, she carried out test and told me she pregnant.

We are in our final in school.
I want a child because am the only son of my parent but she want abortion because of shame as to when she will go back to school, She's a churchy kind of girl and people know her very well.

I promised her marriage but don't know how to do it after the abortion.
Although am broke as well.

Face your fear once and for all. Abortion is not advisable .

atiku4President:
She behaved like a Nigerian politician. Very ungrateful and disloyal challenging someone who gave her chance to serve in the immediate past

" challenging someone who gave her chance to serve in the immediate past" Typical Nigerian mentality about democracy and good governance. She was appointed to serve Americans and not to be a maid to Donald Trump.