SBD-3
ELITE MEMBER
- Joined
- Sep 19, 2008
- Messages
- 15,120
- Reaction score
- -9
- Country
- Location
Its the practice.......That is the hope. What will be the reality remains to be seen.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Its the practice.......That is the hope. What will be the reality remains to be seen.
Its the practice.......
Like I said before, financially this is a costlier option than going to IMF (which comes in at around 2-3%) but you haven't seen the rush on USDPKR when SBP went low on reserves....Pakistan has raised funds via bonds many times in the past, all without lasting benefits and deeper in debt. That is the reality, which probably will not be any different this time too.
Like I said before, financially this is a costlier option than going to IMF (which comes in at around 2-3%) but you haven't seen the rush on USDPKR when SBP went low on reserves....
Well thfats an interesting figure because we herd the rumors of 149-150 in previous run on PKR. There is no fair value of a currency with small market size. Its always prone to speculative attack and once hit, there is no stopping it except the administrative intervention.I have seen the rush when it went above 110. The present value of 102 is artificial. It will soon find its true value, currently around 115-117, and gliding downwards at about 10% per year unless propped up. Measures such as floating bonds are only stopgap measures. Pakistan simply consumes more than it produces and the value of its currency must reflect that trend.
Well thfats an interesting figure because we herd the rumors of 149-150 in previous run on PKR. There is no fair value of a currency with small market size. Its always prone to speculative attack and once hit, there is no stopping it except the administrative intervention.