Best currency in the world..? 'Pakistani rupee'..!?

As the economic recession is increasing all over the world, not only the value of the rupee against the US dollar, but the value of all major currencies continues to fall, while the dominance of the dollar is at a multi-year high. In this situation, the rupee of pakistan, which is stuck in an economic crisis, has developed in a way that no one expected. And it is the best in the world. pakistan rupee has also been recognized as a currency of exchange.
While most currencies around the world depreciated in the week ended october 7, Pakistan's rupee, which is stuck in dire straits despite an IMF bailout, was recognized as the world's best-performing currency. The Pakistani rupee gained 3.9 percent to 219.92 against the US dollar in the week ended october 7. It has been revealed that this sudden rise was due to the accumulation of excessive foreign investments.Pakistan Muslim League-Nawaz party leader Ishaq Dar has been appointed as the new finance minister on september 28 when the economy of pakistan is very bad. Even after his arrival, there was no change in foreign investment and the growth of the rupee value.As of Friday, the Pakistani rupee has continued to appreciate for about 11 days. After Ishaq Dar's appointment, he implemented the old policy of controlling the depreciation of the rupee against the US dollar. The Pakistani rupee depreciated to 240 rupees against the US dollar in July, with more challenges ahead for Pakistan's economy amid rising crude oil prices. It is noteworthy that the 15 days prior to Ishaq Dar's appointment saw a decline of up to 12 percent.
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best currency in the world

Sowmiya Sriram

10/10/2022 12:02 PM