Tuesday night, people over social media in Pakistan were amazed to see an unusual drop of USD and other currencies against Pakistani Rupees. The google currency converter started showing the drop of 1 USD from 138 rupees to first 87 rupees then gradually falling down to 76.25 rupees.
Many believed that the drop was real and was actually a product of Brexit rejection that just occurred at the same time of the currency fluctuation on Google. It was also found that it wasn’t just the USD that dropped but the value of other currencies like Euro and the UAE Dirham also dropped against PKR respectively.
While many Pakistanis thought it was unreal for currencies to drop with such a huge margin against PKR, some overseas Pakistanis or the citizens who deal in dollars panicked when Bing currency converter showed the same rates. People immediately started to dig deeper into it to find the real cause.
However, after a thorough research by Business analysts, it was found that it was indeed a glitch either on Google/Bing or the MorningStar from where the google and bing both take their data.
Since the currency rates on both Bloomberg and Reuters showed the same value of USD and other currencies against Pakistan Rupees, people calmed down.
Among all the chaos this glitch caused over social media, the meme lovers couldn’t help but to come up with some hilarious stuff to laugh about.
— Omar 🚬 (@omar_bulao) January 15, 2019