Saudi Riyal / Pakistani Rupee

@steve_hanke

2 years

Since PM Sharif (read: the deadbeat maestro) took office on April 11th, 2022, the Pakistani rupee has lost ~36% of its value vs the U.S. dollar. Sharif's monetary mismanagement has turned the rupee into a CENTRAL BANK JUNK CURRENCY and caused the PAK economy to BLEED TO DEATH. https://t.co/ODUCrt7eKC

@steve_hanke

2 years

#Pakistan's economic death spiral just keeps spinning. In this week's Hanke’s #CurrencyWatchlist, #Pakistan takes 14th place. Since Jan 2022, the Pakistani rupee has depreciated against the USD by 38%. https://t.co/d5mqmev9iE

@steve_hanke

2 years

#PAKWatch: Since PM Sharif took office on April 11th, 2022, the Pakistani rupee has lost 57.7% of its value against the U.S. dollar. Sharif's monetary mismanagement has turned the rupee into a CENTRAL BANK JUNK CURRENCY. https://t.co/bOzkvU78VH

Market Extra: Pakistani rupee falls to record low as civil unrest compounds country’s problems

@steve_hanke

2 years

Since Jan 1, 2022, the Pakistani rupee has depreciated by a staggering 37.7% against the USD. PM Sharif’s government is tanking the rupee. https://t.co/hnt71zVry0

@steve_hanke

2 years

Nearly 7 out of 10 businesses in Pakistan are concerned by a potential default. By my measure, the Pakistani rupee has depreciated against the USD by 38% since Jan 2022. The rupee is a JUNK CURRENCY. https://t.co/yhidEUBLhM