Pakistani Rupee Becoming Region's Fastest Depreciating Currency
- 31, January , 2023
NewsToday: The value of the Pakistani rupee is declining precipitously as a result of the increase in price in dollars. It has broken the previous record for the lowest rupee value ever. It lost almost 16% of its mass and became the region's declining currency. Recently, the value of the dollar price gain in Interbank increased by Rs 7.03, or 2.6%. The decline was also restricted from 0.1% to 0.7%.
On the other hand, the value of the remaining seven regional nations rose on Monday in relation to the dollar. According to recent research, the Pakistani rupee has experienced the most devaluation, losing about 16 percent of its value. Even the defaulted countries' currencies in Sri Lanka appreciated against the US dollar. Bangladesh came in third place, suffering a significant currency loss of almost 18.8% of its percentage year.