Dollar slides 2.25 rs and settles at 144 rs after government decides to crack down on Exchangers

[Verve]

Who made the money during this scheme of up and down?

IK and his sons, right?

 

[Gorgin Khan]

It was speculative in nature as difference between Inter-bank and Open market was quite unrealistic..Since conditions of IMF will apply after installment i believe dollar will rise gradually and then as per agreement with IMF government can't interfere or SBP can't sell dollars to control the rate ...common people having savings in PKR will convert it into dollar gradually in this period to save some of there savings in real term...

And will shoot up like rocket due to demand... Thats what a State should not want " A common man to convert his Rs to dollars" and thats where they have to intervene strongly to save rupee from a collapse and to get Investors confidence. Otherwise this will blow like a fuss and nobody will be able to control it . The consequences will be Dire...

 

[nahtanbob]

market forces are gr8 to determine equilibrium

 

[PakGuns]

Man FBR is so incompetent.... we have to have a strong FBR ... undertaking auditing rights of money exchanges is the key here.... audit them with honesty because i know FBR itself is a sellout full of money hungry bribe suckrs.... (talking from taxation and finance background)

 

[maithil]

US dollar touches Rs147​

Karachi: Pakistani rupee continued to decline against US dollar in inter-bank as it traded at Rs 147 on Thursday.

The rupee saw a four percent increase of Rs5.61 and the green-back's buying rate was Rs145.

The rupee plunged to low Rs146.2 all-time on Wednesday against US .

It was being traded at Rs146.25, according to the rates released by the Exchange Companies Association of Pakistan on Wednesday.

On Tuesday, the rupee closed at Rs144 against the greenback, 0.20 percent weaker from the previous closing of Rs143.70.

 

[Jf Thunder]

Don't look at open market trading, look at interbank rates. Those are generally a much better indicator. This was speculators. (and idiots who thought it was going to go up and up).
I susepct in a few months it might fall further. The current rate is pretty low.

and its back to 148.

 

[El Sidd]

IK and his sons, right?

What kind of logic is this? Did i bring the PM in this?

All i said that this is a documented fact that stock exchange ups and downs are pre planned and can be traced.

 

[H!TchHiker]

And will shoot up like rocket due to demand... Thats what a State should not want " A common man to convert his Rs to dollars" and thats where they have to intervene strongly to save rupee from a collapse and to get Investors confidence. Otherwise this will blow like a fuss and nobody will be able to control it . The consequences will be Dire...

Its already shoot up..Government has surrender this control to IMF..