How much reserves of gold Pakistan have?

[BetterPakistan]

I wanna know that how much reserves of gold and foreign exchange Pakistan have today and how much money can be printed on $1 Billion everyday? Pakistan have massive reserves of Gold in Reko diq, even a new one is discovered in Waziristan why our government isn't utilizing that Gold because it can boost our domestic economy and we can print much more money.

 

[The Great One]

I wanna know that how much reserves of gold Pakistan have today and how much money can be printed on 1 ton of gold everyday? Pakistan have massive reserves of Gold in Reko diq, even a new one has been discovered in Waziristan why our government isn't utilizing that Gold because it can boost our domestic economy and we can print much more money if our gold reserves increases. We can increase Gold reserves by Reko diq, Saindak etc.

You don't need gold to print money anymore. Gold standard is long extinct. It's the age of fiat money baby

 

[BetterPakistan]

You don't need gold to print money anymore. Gold standard is long extinct. It's the age of fiat money baby

I didn't asked indians to reply.

 

[Donatello]

You don't need gold to print money anymore. Gold standard is long extinct. It's the age of fiat money baby

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

 

[BetterPakistan]

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

 

[The Great One]

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

Really??
RBI selling gold, huh?
Can you please provide any link with that.

And WTF has this got to do with Gold standard/Fiat Currency. No nation uses gold standard anymore

As of 2014 no nation uses a gold standard as the basis of its monetary system, although many hold substantial gold reserves.[1]

Gold standard - Wikipedia, the free encyclopedia

 

[gowda]

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

total rubbish don't misinforme others

 

[BetterPakistan]

Oh no,I didn't opened this thread for a fight. I don't understand why indians keep putting their nose in every thread regarding Pakistan.

 

[scrumpy]

Ya, is that why your RBI was selling it's gold reserves when Rupee went south about half a year ago?

They were selling dollars from the forex reserves to remove pressure on the rupee.

 

[scrumpy]

Oh no,I didn't opened this thread for a fight. I don't understand why indians keep putting their nose in every thread regarding Pakistan.

The answer you got was right but you decided that you will not listen to Indians. A currency is no longer tied to the country's gold reserves. The value of a currency is dependent on supply and demand.

 

[BetterPakistan]

The answer you got was right but you decided that you will not listen to Indians. A currency is no longer tied to the country's gold reserves. The value of a currency is dependent on supply and demand.

For your information, supply and demand results into Foreign Exchange Reserves and the value of gold is added into Foreign Exchange Reserves

 

[OrionHunter]

I didn't asked indians to reply.

Wow! That was a quite a snub!!

 

[BetterPakistan]

Wow! That was a quite a snub!!

the nuggets keep on coming

 

[Men in Green]

Pakistan has 1,339.25 tonnes of gold reserves situated in Balochistan with 63.50 tonnes at Saindak and 1275.75 tonnes at Reko source Daily Times

 

[baajey]

Pakistan has 1,339.25 tonnes of gold reserves situated in Balochistan with 63.50 tonnes at Saindak and 1275.75 tonnes at Reko source Daily Times

Gold reserve - Wikipedia, the free encyclopedia