The emerging market currencies are dramatically losing their value against the dollar due to the ongoing capital outflow.
The trend reached a critical level: over the last 13 months nearly one trillion dollars was withdrawn from countries with emerging economies, DWN reported.
According to the newspaper, investors fear an imminent interest rate increase by the US Federal Reserve as well as further price falls on China's stock exchanges.
Taking into account the recent devaluation of the Chinese yuan, analysts expect even further capital outflows.
Over the last 13 months, the net capital outflow from the 19 largest emerging economies reached about $940.2 billion, as the FT reported. Thus, the number was almost twice as high as during the last financial crisis, when $480 billion had been withdrawn from the emerging markets within nine months between 2008 and 2009.