US dollar jumps to Rs146.25 in open market

[POPEYE-Sailor]

 

[Wa Muhammada]

Sir yeh ab Imran k bas ki baat nhin ha. I feel pity for him though.



We need a strong technocratic government which will do a brutal accountability of Nawaz, Zardari and their cronies. This corrupt system has failed.

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

Good news for expat Pakistanis. Its a great time for them to buy more properties in Pak.

That’s exactly what I was thinking since last month

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


After jumping to 146 rs Dollar slides to 144 rs with in hours

15-05-2019

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

 

[Jackdaws]

So people are moving cash out of the country?

 

[Wa Muhammada]

So people are moving cash out of the country?

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

 

[Jackdaws]

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

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.

 

[ziaulislam]

what is the solution?
will rupee ever reach 100 again?

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

 

[Max Pain]

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

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