Pakistani rupee plunges to Rs153 against US dollar

[AZ1]

Do you know what open market is?

why panicking lol. We should banned exchange to deal with dollars. Only let Banking channel to deal with dollars.

 

[Lagay Raho]

koi haal nai hamara

 

[enquencher]

KARACHI: Pakistani rupee plunged to a new all time-low in the interbank and open market on Tuesday as it continues to lose value against US dollar.

The greenback saw an increase of Rs1.36, touching Rs151. In the open market, the rate increased to Rs153.

In the last four business days, the dollar has risen by Rs9.60 against the Pakistani rupee.

The rupee has been falling against the dollar following an agreement with the International Monetary Fund on a $6 billon loan with expected strict conditions including a “market determined” exchange rate.

https://www.thenews.com.pk/latest/474384-pakistani-rupee-plunges-to-rs153-against-us-dollar

#APNE GHABARANA NAYEE HAI..

 

[maithil]

Yesterday 151. Today 153. Tomorrow ?

 

[Arsalan 345]

I think within 2 or 3 months,1 dollar=200pkr. I urge every poor or average citizen to use resources and leave this country.there is nothing left for common people.

 

[proud_indian]

I think within 2 or 3 months,1 dollar=200pkr. I urge every poor or average citizen to use resources and leave this country.there is nothing left for common people.

How do you suggest these poor people would gather resources to leave the country when they don't have enough to survive their day to day needs?

 

[OldenWisdom...قول بزرگ]

I think within 2 or 3 months,1 dollar=200pkr. I urge every poor or average citizen to use resources and leave this country.there is nothing left for common people.

This is such a naive statement... what exactly has common man got to do with exchange rate? In fact if there is anything it should be upper middle and wealthy people who will end up paying more for imported goods and fuel. Everything else in the economy for example a day to day transaction should not really be impacted by rupee devaluation. And if people have to buy local products for a while to improve the economy then that should be the least contribution for a better tomorrow. Leaving the country doesn't mean improvement in life! People who generally come from third world countries tend to end up living in high crime, poor neighborhoods and works extra hours just to put a meal on the table. It is foolishness to sell a bed of roses to unsuspecting people that all will be grand and they will be living like kings cause they won't! by a great majority they will end up spending at least two generations in absolute poverty with their kids turning to small time gangs for protection and support.

 

[VCheng]

Yesterday 151. Today 153. Tomorrow ?

This is only temporary volatility being worsened by panic buying of the USD. This will settle down soon after the budget.

 

[Jugger]

I think within 2 or 3 months,1 dollar=200pkr. I urge every poor or average citizen to use resources and leave this country.there is nothing left for common people.

I have been saying this to @Imran Khan for last 2 years.
Leave before it’s too late...!
Your well wisher...!

 

[kris]

If we take google as authentic then this thread is saying 153.

Only way to bring $ down is by banning exchangers and only bank should deal. This way who stock the $ will suffer when banks will keep the $ price low.

If it's not dollar it will be pounds..
What next will you aldo?restrict all international currency?

Can you??

 

[AZ1]

If it's not dollar it will be pounds..
What next will you aldo?restrict all international currency?

Can you??

we deal bills with dollars

 

[xyxmt]

$1= 5 Rs or $1=500
its just numbers
were Pakistani any richer when $1=60
Nooo
I see people spending a lot more than 2000 when $1=60, I more cars on the road, bigger houses, more eating out.
so dont worry about Echange rate Let Imran deal with it since he has pay the loans not us

 

[Arsalan]

As per some analysis the real value back in 2017January was around 165Rs for a dollar. It was being kept down for political reasons.
I wont be surprised if dollar continues its upward trend and ends up around 160-165 Rs mark in next few days.

 

[lightoftruth]

200 by year end is very much in sight.

 

[Ryuzaki]

PKR has devalued almost 50% since Nawaz was outed. How much have the exports increased?

Austerity is not good for the economy unlike what some believe.