Wednesday, September 18, 2019

RTGS Dollar: Worst Performing Currency In The World

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.