The Pakistani Rupee (PKR) is currently ranked 15th in the world by market capitalization, according to the International Monetary Fund (IMF).
This ranking signifies the Rupee's relative importance in the global financial system. It also reflects the size of Pakistan's economy and its role in international trade.
Here are some key points to consider:
- Market capitalization is a measure of the total value of all the outstanding shares of a currency. It is calculated by multiplying the currency's exchange rate by the total amount of currency in circulation.
- IMF data is a widely recognized source for information on global currency rankings.
- The Pakistani Rupee's ranking can fluctuate based on economic factors such as inflation, interest rates, and exchange rate movements.
It's important to note that the ranking of a currency can change over time. The IMF's data is updated regularly to reflect these changes.
