Just been looking at Pakistan's currency history and wow, the depreciation story is wild 👇 Back in 1947 when the country was born, 1 USD was only 3.31 PKR. For nearly a decade it barely moved. Then things started shifting in the mid-50s, creeping up to around 4.76 PKR by 1960 and staying there for over a decade. But the real acceleration happened from the 1970s onwards. By 1972 it jumped to 11 PKR, and by the late 80s you were looking at 20+ PKR per dollar. The 90s saw continuous pressure - went from 23.80 in 1991 to 30.57 by 1994. Then the 2000s brought more instability. Around 2010, the usd to pkr rate was sitting at 85.75, which seemed bad at the time but looking back that was nothing compared to what came next. Fast forward to 2018 and suddenly 1 USD = 139 PKR. By 2023 it hit 286 PKR. Currently hovering around 277. The currency basically lost 99% of its value in 77 years. Economic policies, inflation, external pressures - the whole story is in these numbers. Pretty sobering when you think about what that means for ordinary people's purchasing power over generations.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin