There was a decrease of more than 36 percent. According to the details, a report has been released by Bloomberg in which the performance of the currencies of Asian countries in the last year has been evaluated.
According to ARY News, according to a Bloomberg report, the performance of the Pakistani rupee in the region was the worst in the last year. It has been reported that since the formation of the coalition federal government of PDM and the People’s Party, the value of the Pakistani rupee has decreased by more than 36%.
The Pakistani rupee depreciated even more against the bankrupt Sri Lankan currency.
It should be noted that in the country’s currency market, all the records of the increase in the value of the dollar were broken, after which the price of the dollar is expected to reach 300 rupees soon.
During the last year, the price of the dollar has increased by more than 100 rupees, so since the establishment of the current federal government, the price of the dollar has increased by more than 60%. A year ago, the price of the dollar in the interbank market was 182 rupees, which has now become 284 rupees.
Never in the country’s history has the Pakistani rupee depreciated so much in one year. Due to the devaluation of the rupee, not only did the country’s debt increase by thousands of billions of rupees, but also all records of inflation were broken. During one year, the annual rate of inflation has increased by 200 percent to more than 35 percent, while the weekly rate of inflation has increased to more than 44 percent.