Weaker currencies lose value faster.
New Delhi: The US economy is in a bad shape and the clouds of recession are looming over it. The US has begun printing dollars at a rapid pace. This is changing the global financial system, with emerging countries like India being most affected. Akshat Srivastava, founder of Wisdom Hatch, explained that 60% of the world’s dollars have been printed in the last five years.
Dollar rises while rupee sinks
Despite this, the USD is strengthening, while the Indian rupee has fallen by more than 20%. This seems strange at first glance as normally, printing such a large amount of currency should cause its value to fall. However, this hasn’t happened with the USD. Instead, the Indian rupee has weakened by more than 20% in the last five years.
Dollar printing