Dollar Crosses 300 | Reasons for Rupee Fall | Is SIFC the Solution? | Khurram Husain

[_NOBODY_]

Dollar Crosses 300 | Reasons for Rupee Fall | Is SIFC the Solution? | Khurram Husain​

In this episode, Uzair talks to Khurram Husain about what is going on with the rupee and why money supply growth is actually the real driver of the ongoing weakness of the currency. We also talk about why Khurram has a bleak outlook for the economy, what it will take to stop the vicious cycle, and his views on the SIFC.

Chapters:
00:00 Introduction1:25 What is causing PKR weakness?
20:15 Political impact of the adjustment
27:00 How to stop the vicious cycle?
34:40 Views on SIFC
41:10 Conclusion

 

[epebble]

Very strange for a General to be talking about the nitty-gritty of monetary policy.

COAS assures traders of ‘transparency’ in forex rate

Gen Munir assures business community of bringing money exchanges under the purview of taxation.

www.dawn.com

 

[_NOBODY_]

Very strange for a General to be talking about the nitty-gritty of monetary policy.

COAS assures traders of ‘transparency’ in forex rate

Gen Munir assures business community of bringing money exchanges under the purview of taxation.

www.dawn.com

Actions like these prevents other institutions from standing on their own feet. Only the prime minister, finance minister or the representatives of State Bank of Pakistan and Pakistan Ministry of Finance should be answering about these questions. Imagine if the education minister was answering questions regarding the country's defence or climate change.

 

[epebble]

Actions like these prevents other institutions from standing on their own feet. Only the prime minister, finance minister or the representatives of State Bank of Pakistan and Pakistan Ministry of Finance should be answering about these questions. Imagine if the education minister was answering questions regarding the country's defence or climate change.

There is also a question of competence. What is the General's qualification to bloviate about monetary policy? Typically, such policy is made by people with a Ph. D. in macroeconomics who have worked in banking or finance for a decade or two.

 

[_NOBODY_]

There is also a question of competence. What is the General's qualification to bloviate about monetary policy? Typically, such policy is made by people with a Ph. D. in macroeconomics who have worked in banking or finance for a decade or two.

Exactly. Forget this, our current finance minister hasn't even properly studied economics, he was a mediocre accountant. The current government chose this clown over Dr Miftah Ismail who has a PhD from f**king Wharton and has spent many years working for IMF. The reason why they chose this clown over Dr Miftah is that Dr Miftah immediately wanted to reform the economy to prevent things from getting worse but this would have immediately resulted in major inflation, such a move would have made the ruling party unpopular.

 

[migflug]

https://twitter.com/x/status/1698309218812485898

 

[epebble]

https://twitter.com/x/status/1698309218812485898

View attachment 950913

That's absurd, getting drunk on numbers. They should at least wait till they pass Pakistan in living standards before boasting. BTW, One Afghani is 1.13 Indian Rupee. They can rejoice.

 

[_NOBODY_]

https://twitter.com/x/status/1698309218812485898

View attachment 950913

Why compare yourself to tiny Pakistan when you have even managed to surpass the great South Korea?