Pakistani Rupee Leads Asia's Currency Rankings, Followed by Sri Lankan Rupee
- Roshan Digital Account and economic stability propel the Pakistani Rupee to the top.
The Pakistani rupee has emerged as Asia’s top-performing currency, surpassing its regional counterparts over the past year.
With a significant 3.1% increase against the US dollar, the Pakistani currency now stands at Rs278.12 per dollar in the MSCI Asia Emerging and Frontiers Market Index as of last Friday.
This remarkable achievement is attributed to several factors, including foreign exchange inflows through the Roshan Digital Account (RDA), which has brought in $8 billion from overseas Pakistanis supporting their families back home.
In addition to RDA inflows, strong remittances, stable export numbers, and strategic loans from institutions like the IMF and World Bank have also contributed to the rupee’s strength.
Furthermore, the rollover of loans has boosted Pakistan’s economic resilience, bolstering investor confidence.
Meanwhile, the Sri Lankan currency takes the second spot in Asia’s currency rankings with a commendable 2.7% improvement.
In contrast, currencies from neighboring countries such as India, China, Vietnam, and Bangladesh have experienced declines ranging up to 5.6%.
