Wary! Another country is in danger!!
After Sri Lanka, Pakistan, with a population of 220 million, is also on the verge of economic collapse, with its currency diving rapidly and the situation critical.
Without further ado, let's take a look at the candlestick chart of the Pakistani rupee against the DOLLAR.
Obviously, this is a curve from southwest to northeast, running wildly without hesitation.
The Pakistani rupee fell to a record low of 227 rupees to 1 dollar, down 23 percent from 185 rupees three months ago, making it Asia's "worst performing currency in 2022."
In fact, since the end of 2017, the exchange rate of the Pakistani rupee has entered a state of "free fall", coupled with the recent depreciation, in fact, it has fallen miserably, covering its face and looking back at the blood and tears...
Prices are soaring, and now that Pakistanis spend more than 40 percent of their income on food, many people will not be able to eat if food prices continue to rise.
One is the Russian-Ukrainian conflict, which has led to an energy and food crisis that has accurately hit Pakistan's economic weakness and caused unprecedented pressure.
Originally encountered such a crisis event as the Russian-Ukrainian conflict, it was enough for Pakistan to suffer, but I did not expect that sooner or later, the Fed raised interest rates!
