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Pakistani rupee devaluation triggers meme fest on Twitter

09:20 PM | 27 Jan, 2023
Pakistani rupee devaluation triggers meme fest on Twitter
Source: File Photo

Anytime the Pakistani Rupee plummets against the US dollar, people — rightfully — go into a frenzy. With an all-time low value of the local currency in the international market, social media users are going bananas, however, to lighten the mood  — although they can't afford it right now — a major fraction of Twitterati is churning out memes over the situation.

On Friday, the Pakistani rupee’s value further declined in the interbank market, trading at Rs266.6 per dollar. PKR depreciated by Rs24.54 to a record low of Rs255.43 yesterday, the largest single-day depreciation in both absolute and percentage terms since the new exchange rate system was introduced in 1999.

Social media users have shared thousands of memes to give each other a little relief in this worrisome situation.

While many Twitter users were having fun, others were worried about the alarming situation.

 

Daily Pakistan Global Web Desk

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PKR exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 21 Feb 2024

Pakistani currency remains stable against US dollar and other currencies in the open market on February 21, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.6 for buying and 282.4 for selling.

Euro comes down to 300 for buying and 303 for selling while British Pound rate stands at 350.5 for buying, and 354 for selling.

UAE Dirham AED hovers at 76.15 whereas the Saudi Riyal saw slight increase, with new rates at 74.35.

Today’s currency exchange rates in Pakistan - 21 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.6 282.4
Euro EUR 300 303
UK Pound Sterling GBP 350.5 354
U.A.E Dirham AED 76.15 76.9
Saudi Riyal SAR 74.35 75.1
Australian Dollar AUD 181 183
Bahrain Dinar BHD 743.32 751.32
Canadian Dollar CAD 207 209
China Yuan CNY 38.89 39.29
Danish Krone DKK 40.38 40.78
Hong Kong Dollar HKD 35.74 36.09
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 902.41 911.41
Malaysian Ringgit MYR 58.6 59.2
New Zealand Dollar NZD 171.68 173.68
Norwegians Krone NOK 26.43 26.73
Omani Riyal OMR 725.96 733.96
Qatari Riyal QAR 76.76 77.46
Singapore Dollar SGD 207 209
Swedish Korona SEK 26.53 26.83
Swiss Franc CHF 316.9 319.4
Thai Bhat THB 7.93 8.08

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