1947: 1 USD = 3.31 PKR (stable af) ↓ 1972: BOOM 💥 jumps to 11 PKR (3.3x in one year) ↓ 1999: creeps to 51.90 PKR ↓ 2008 crisis: 81 PKR ↓ 2019: 163 PKR (literally 49x from 1947) ↓ 2023: 286 PKR 📉📉📉
So basically: Pakistani Rupee lost 86% of its value against USD in 77 years. The worst hit? 2018-2023 when it tanked from 139 to 286 PKR—that's a 2x collapse in just 5 years.
What happened: Inflation spiraled, forex reserves dried up, debt crisis, political chaos. The currency didn't devalue gradually—it free-falled.
2024 update: Slight recovery to 277 PKR, but the damage is done. Ordinary Pakistanis? Their savings got nuked.
قد تحتوي هذه الصفحة على محتوى من جهات خارجية، يتم تقديمه لأغراض إعلامية فقط (وليس كإقرارات/ضمانات)، ولا ينبغي اعتباره موافقة على آرائه من قبل Gate، ولا بمثابة نصيحة مالية أو مهنية. انظر إلى إخلاء المسؤولية للحصول على التفاصيل.
Pakistan's currency collapse in a nutshell 📉
1947: 1 USD = 3.31 PKR (stable af)
↓
1972: BOOM 💥 jumps to 11 PKR (3.3x in one year)
↓
1999: creeps to 51.90 PKR
↓
2008 crisis: 81 PKR
↓
2019: 163 PKR (literally 49x from 1947)
↓
2023: 286 PKR 📉📉📉
So basically: Pakistani Rupee lost 86% of its value against USD in 77 years. The worst hit? 2018-2023 when it tanked from 139 to 286 PKR—that's a 2x collapse in just 5 years.
What happened: Inflation spiraled, forex reserves dried up, debt crisis, political chaos. The currency didn't devalue gradually—it free-falled.
2024 update: Slight recovery to 277 PKR, but the damage is done. Ordinary Pakistanis? Their savings got nuked.