Four Currency Crises: Hungary, Iceland, Pakistan, and Argentina

Compare the recent performance of four currencies now going through economic crises. Argentina is nationalizing its pension system to bail itself out of debt obligations; Hungary has had foreign lending dry up and force it to yank rates to double-digits; the Iceland story is well known; and Pakistan is looking for $4b in IMF support to meet looming debt obligations.

collapsing-currencies [via Pacific]