There are big discussions about the wealth and royal lifestyle of the Sultans of many Muslim countries like UAE, Saudi Arabia, Brunei, Bahrain, Morocco and Qatar. Pakistan shows great closeness with these countries, but its currency has no status here.

Mohammed bin Zayed Al Nahyan is the third President and Sultan of the United Arab Emirates (UAE). Stories of his wealth are often heard. His net worth is 30 billion dollars. Now if we talk about UAE’s currency Dirham, its value is very high compared to Pakistani rupee. According to Currency Converter Xe, the value of one diram is equal to 76.81 Pakistani rupees.

Pakistani Prime Minister Shahbaz Sharif had visited Saudi Arabia a few months ago and by sharing his photographs with Crown Prince Mohammed bin Salman, he had claimed strong relations between the two countries. However, Pakistani rupee has no status even in this country. Pakistani rupee is lagging behind Saudi’s currency Riyal. The value of one Saudi Riyal is equal to 75.15 Pakistani rupees.

Brunei’s King Hassanal Bolkiah is also in the news due to his lavish lifestyle. He is the third richest king in the world. He has total assets of $28 billion. The value of the currency here can be estimated only by looking at their wealth. Brunei is a Muslim country, 82 percent of its population is Muslim. Here the condition of Pakistani rupee is even worse. The currency of Brunei is the Brunei dollar, whose value is equal to 217.70 Pakistani rupees.

Whenever there is talk of kings of Muslim countries, Qatar’s Emperor Tamim bin Hamad Al Thani is definitely mentioned. He has been holding the throne of the Emperor of Qatar since 2013 and his net worth is 2 billion dollars. Pakistan also calls Qatar its very close and dear friend. However, the Pakistani rupee has no value here because it is very weak against the Qatari currency Qatari Riyal. The value of one Qatari Riyal is equal to 77.50 Pakistani rupees.

The Muslim country whose currency value is the strongest against the Pakistani rupee is Bahrain. The currency of Bahrain is Bahraini Dirham and the value of 1 Bahraini Dirham is equal to 750.22 Pakistani Rupees. The king of Bahrain is Hamad bin Isa Al Khalifa, who is the owner of immense wealth. According to some reports, he has total assets of $5 billion.

Even in Morocco, a country with 99 percent Muslim population, the Pakistani rupee has no status. The value of 1 Moroccan Dirham in Pakistan is equal to 30.45 Pakistani Rupees. According to Forbes report, King Mohammed VI of Morocco has a total wealth of Rs 5.7 billion. His name is included in the list of 50 richest sultans of Africa.

The Latin American country Venezuela is currently in the global headlines for two reasons. First, its opposition leader Maria Corina Machado has been awarded the Nobel Peace Prize 2025 and second, the country’s currency system is being counted among the most extreme economic examples in the world.

According to the Nobel Committee, Machado has been given this award for promoting democratic rights and peaceful transition from dictatorial rule. For many years he raised his voice against government pressure and struggled to protect civil liberties.

Venezuela included in the world’s most expensive currency

Political instability and economic crisis have badly affected the Venezuelan economy. Hyperinflation increased so much in the country that the government had to print the largest currency note in history. In October 2021, Venezuela issued a note of 1 lakh Bolivar (100,000 Bolivar), which is among the highest value notes in the world. The value of this note in Indian Rupees is approximately ₹ 3,15,65,72,917 (more than three billion fifteen crore rupees), but the surprising thing is that despite such a huge value, the purchasing power of this note is very low, that is, even with such a big note, only some essential everyday things can be purchased. Apart from this, at present the value of one rupee Indian currency is Rs 2 lakh 17 thousand 474.

Why did such a big note have to be printed?

After 2014, the fall in oil prices, economic crisis and political instability weakened the Venezuelan currency rapidly. The government considered the solution to this to be printing new and higher denomination notes, but this increased inflation further. Within no time, the currency that started at 10 bolivars turned into notes worth millions and ordinary citizens had to carry bags of notes even for a small purchase. Economists call this an extreme example of hyperinflation, where the real value of a currency drops to mere paper value.

Which has been the largest note in India?

The largest circulating note in India at present is ₹500. However, the ₹2000 note was issued in 2016, which was withdrawn in 2023. Not many people know that the Reserve Bank of India had also issued a ₹10,000 note in history – first in 1938 and second in 1954. It was demonetized twice in 1946 and 1978. Today this note exists only in the form of collection.

₹5000 note still in circulation in Pakistan

In the neighboring country Pakistan, the largest note is of ₹ 5000 Pakistani rupees. This note was issued in 2005 and is still in circulation. Although Pakistan is also facing rapidly increasing inflation, but the government has not yet issued a new note of higher value than this.

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Nepal vs pakistani rupee: Talking about the economies of South Asia, both Nepal and Pakistan fall under the category of developing countries. But when the strength of currencies and their price is compared at the international level, the rupee of Nepal goes beyond Pakistan’s currency. This situation is shocking because Nepal’s economy is much smaller than Pakistan in size, yet its rupee is more stable. Let us know how much Nepal’s 200 rupees are in Pakistan.

Nepal vs Pakistan currency rate

According to the latest exchange rates, the price of 1 Nepali rupee (NPR) is equal to about 2.01 Pakistani rupees (PKR). That is, if you have 2000 Nepali rupees, then in Pakistan, they will get about 4020 Pakistani rupees. It is clear from this comparison that the currency of Pakistan has now become weaker than Nepal.

Why Pakistan’s rupee so weak?

The main reason for the weakness of Pakistani rupee is its deteriorating financial condition. Foreign exchange reserves in Pakistan are continuously decreasing. Inflation is at a dangerous level there and the trade balance has deteriorated due to high dependence on imports and reduction in exports. Political instability and debt terms from IMF have also increased pressure on Pakistani currency. Due to these reasons, the rupee fell rapidly against the dollar and now the regional curds like Nepali have weakened even than the rupee.

Why is Nepal’s rupee stable?

Nepal’s currency is relatively stable because it is associated with the Indian rupee (INR). 1 Indian rupee is equal to 1.6 Nepali rupees. This rate has long been stable. Nepali rupees get direct benefit of strong economic support, trade and financial system between India and Nepal.

Impact on the general public

This situation is beneficial for tourists and traders from Nepal to Pakistan, because their money is paid more in Pakistan. At the same time, the general public in Pakistan is suffering losses. Foreign goods, oil and everyday items are becoming expensive, because the rupee is continuously falling against the dollar.

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Pakistan economy: Fitch Ratings has said in one of its recently imposed estimates that the Central Bank of Pakistan can allow the Pakistani rupee to fall to deal with any type of external pressure as the country’s economic activities are gaining momentum. Christians Crustins, director of Sovereign Ratings at International Rating Agency Fitch, has estimated to fall to Rs 285 per US dollars by June 2025 and to come to Rs 295 by the end of FY 26.

This will happen when the currency is weak

Fitch has said, Pakistan’s Central Bank will gradually weaken the rupee to reduce the pressure on the current account with the speed of the economy. In the first week of September 2023, the Pakistani rupee went to an all-time low level of Rs 307.10 against the US dollar amid increasing cases of dollar smuggling in neighboring countries from Pakistan.

After this, the action of the government on illegal currency dealers helped the Pakistani rupee reach about Rs 277 per US dollars in the first half of 2024. Fitch also admitted that if the currency is weak, the expenditure on imports will increase more, but it will help reduce the business deficit and support the reserve buffer.

Pakistan’s Sovereign Credit rating upgrade

Last year, after avoiding the country’s default, the fall in oil prices and better confidence has strengthened economic improvement. Prime Minister Shahbaz Sharif’s government has obtained several installments from the IMF and Fitch has recently upgraded Pakistan’s Sovereign Credit rating in response to continuous improvement efforts.

Decreased country’s foreign exchange reserves

Meanwhile, State Bank of Pakistan Governor Jamil Ahmed said last week that Pakistan’s foreign exchange reserves have fallen by $ 2 billion due to compensation for foreign loans for the last few months, which has reduced the total reserves to $ 10.6 billion. However, by the end of June, Pakistan will receive $ 4-5 billion from external sources including funds received from global financial institutions.

Due to this, by the end of June, the foreign exchange reserves will reach $ 14 billion, which is more than an earlier estimate of $ 13 billion. He said that imports increased to $ 5.7 billion in March, which is a sign of a boom in economic activities. The governor also estimated that in FY 2025, the economy here would increase by 3 percent, while in FY 2024 it was 2.5 percent.

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