Biden has become the leader in the rate of dollar depreciation in the 21st century.

At the end of June, US President Joe Biden became the leader in the rate of dollar depreciation among all American presidents in the 21st century, overtaking George W. Bush, according to data from the US Treasury.
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Thus, the index of purchasing power of the dollar in just 3.5 years of Biden’s tenure as US President decreased by 20% – to 55.69 points. 100 points are taken from the beginning of the Bush presidency – January 2001.

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His presidential term was the next in terms of dollar decline: over 8 years, Bush Jr. was able to “drop” the American currency by 19.9%. Moreover, during the first term, from 2001 to 2004, even despite the outbreak of hostilities in Iraq, the depreciation of the dollar was less – 8.8%. During the second term, from 2005 to 2008, against the backdrop of the global financial crisis, it accelerated to 10%.

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Next came Barack Obama, under whom the purchasing power of the American currency weakened by 14.5% over two terms. During the first four-year period, from 2009 to 2012, the dollar fell by 8.7%. And for the second, from 2013 to 2016, by 4.8%.

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The most “successful” was Donald Trump – during one of his presidential terms, from 2017 to 2020, the dollar fell by only 8%, even despite the height of the coronavirus pandemic.