A currency is money in any form when in actual use or circulation as a medium of exchange. The UN recognizes 180 national currencies as legal tender. Some nations have paper bills pegged at over several thousands for just a dollar.

While the value of some of these currencies is deliberately kept low for specific reasons, value of most of them is low due to poor leadership. Here are the 16 most worthless currencies in the world as of 2014, with exchange rate in Unite States dollar.

16) South Korean Won (1 US dollar = 1,101.49)

South Korea has deliberately manipulated its monetary policy to keep its money cheap. This makes the nation’s exports cheaper than those of competitors like Japan.

15) Iraqi Dinar (1 US dollar = 1,154.44)

Plunging oil prices and terrorist activities are impacting the value of Iraqi Dinars negatively.

14) Burundian Franc (1 US dollar = 1,561.67)

Lack of economic freedom, poor legal system, lack of access to education, and proliferation of AIDS are impacting the value of Burundian Franc.

13) Tanzanian Shilling (1 US dollar = 1,728.85)

The nation is stuck in subsistence farming. A vast majority of Tanzanians live in poverty.