Rupee trading in range of 230-232 in open market as spread with inter-bank widens

[Wood]

Just saw dollar at 221. What changed?

Google shows incorrect data every now and then. This is the last tweet from SBP

https://twitter.com/i/web/status/1570716323126312971

 

[AZADPAKISTAN2009]

Logic & Common Sense

We had 27 billion Dollar and people and businesses moved Money out of Pakistan into UAE Property and Banks why? because

a) Cipher Government change and indication of instability
b) People noticing that the NAB and other provisions were suspended by crooks
c) Internet shutdowns
d) TV black blackouts
e) Cell phone blackouts
f) Kidnapping of people by Police


When our 27 billion Dollar reserve hit the reserve what chance that 1 billion IMF loan will have
It shows lack of understanding the impact of decisions which are costly and go beyond financial damage


The financial system and currency crash is due to anyone who is anyone now , moving funds out of Pakistani financial system

 

[pikkuboss]

Google shows incorrect data every now and then. This is the last tweet from SBP

https://twitter.com/i/web/status/1570716323126312971

Look a this Google rate. I though SBP dumped a billion dollars.

 

[Wood]

Look a this Google rate. I though SBP dumped a billion dollars. View attachment 880560

PKR was set to recover after the IMF deal, but the floods washed it all away.

 

[Two banks of the River]

https://twitter.com/i/web/status/1571736265611169792

Is it because of imports of food items due to floods?

 

[Catalystic]

People refuse to send money(overseas Pakistanis) and fast fleeing investors/businesses to uae and beyond…..seems dollars are flying abroad

I think a world recession and currency/economic crash is imminent…..gonna happen worldwide
Its just a matter of a little time.

Chaos, famine, hunger…..it will be real and not even dha will be able to avoid it……its coming head-on but our ppl, asleep and ignorant as usual……

 

[Two banks of the River]

People refuse to send money(overseas Pakistanis) and fast fleeing investors/businesses to uae and beyond…..seems dollars are flying abroad

I think a world recession and currency/economic crash is imminent…..gonna happen worldwide
Its just a matter of a little time.

Chaos, famine, hunger…..it will be real and not even dha will be able to avoid it……its coming head-on but our ppl, asleep and ignorant as usual……

Food secure and fuel secure nations will survive. It will be a struggle for others.

 

[pikkuboss]

Food secure and fuel secure nations will survive. It will be a struggle for others.

Any of one secure nations will also survive. Double whammies may suffer the worst.

 

[Zibago]

@Zibago @maithil

I believe there was an implicit agreement between IMF and the Imported govt that PKR would be allowed to slide down to 230 to the dollar.

Regards

It has touched 240 now