Sovereign Analysis /
Pakistan

Pakistan's currency crash in charts

  • PKR is down c11% over the past 5 months, making it among the worst performing EM currencies

  • Driven by widening current account deficit amid surging imports (some of which is transitory, some not)

  • Reserves have risen amid strong financing flows/remittances, but concerns rising of overheating economy; retain Hold

Pakistan's currency crash in charts
Patrick Curran
Tellimer Research
6 October 2021
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