• Tuesday, July 23, 2019

US dollar jumps to Rs146.25 in open market

Discussion in 'Pakistan Economy' started by Reddington, May 15, 2019.

  1. ahmedlatif

    ahmedlatif FULL MEMBER

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    :pop::pop:
     
  2. Wa Muhammada

    Wa Muhammada FULL MEMBER

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    Isn’t the establishment itself corrupt for bringing / allowing these corrupt ppl to power ?

    That’s exactly what I was thinking since last month

    This is the point where panic can set in the markets especially if a foreign power (e.g.India) takes advantage
     
  3. Jackdaws

    Jackdaws BANNED

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    So people are moving cash out of the country?
     
  4. Wa Muhammada

    Wa Muhammada FULL MEMBER

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    This is already happening as we speak there are ppl who know beforehand what is going to happen...if this carries on the rupee will lose it’s power
     
  5. Jackdaws

    Jackdaws BANNED

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    It happens when there is a crisis - people want to move currency out. It has a Domino effect. If the currency continues its free fall, it becomes a major disaster. Knew a doctor who in Zimbabwe who had actually hired 2 runners. The kids would immediately run and exchange Zimbabwe $ for US $ as soon as the patient paid because the value was dropping by the hour.
     
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  6. ziaulislam

    ziaulislam ELITE MEMBER

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    Why would you want that..?
    That is negative inflation ..not a bright idea

    Rupee value should always drop at a slow pace to keep inflation around 5-6% so you do fuel savings
     
  7. Max Pain

    Max Pain FULL MEMBER

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    im not saying that it'll go down just now, what I ask is what steps should be taken to strengthen the rupee to the 100 mark. how long that'll take