Wednesday, September 18, 2019

RTGS Dollar: Worst Performing Currency In The World

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The RTGS Dollar is the worst performing currency in the world in 2019.
Ever since its introduction on 20 February 2019, the RTGS Dollar has weakened by 82% according to Bloomberg.
When the RTGS $ was introduced it was trading at $2.5 against the USD but it has since dropped to about $ 13.85 (as of today) and around $17 on the parallel market according to sites that track black market rates.
These stats show that officially the RTGS weakened a whopping 82% since its birth exactly 7 months ago.
Apart from Argentina, whose Peso is also going through a serious depreciation due to hyperinflation, The RTGS Dollar is performing badly according to Bloomberg.