Pakistan supports use of Chinese RMB as global currency
Pakistan is strong supporter for expanding the use of Chinese Renminbi (RMB) as use of global currency.
Pakistan is strong supporter for expanding the use of Chinese Renminbi (RMB) as use of global currency.
Pakistani Rupee (PKR) significantly rebounded against the dollar on Thursday and regained PKR 3.43 against due to hopes of inflows from the International Monetary Fund (IMF).
Amid uncertainty surrounding inflows from the International Monetary Fund (IMF), the Pakistani Rupee (PKR) hit a new record low of PKR 287.85 to the dollar on Wednesday.
According to analysts at Arif Habib Limited, the State Bank of Pakistan (SBP) has increased the benchmark policy rate by 100 basis points to a record high of 21%.
State Bank of Pakistan (SBP) on Tuesday issued floor and ceiling rates under the interest rate corridor after the announcement of monetary policy.
During its meeting on Tuesday, the Monetary Policy Committee (MPC) announced to raise the benchmark policy rate by 100 basis points to 21 percent.
On Tuesday, the Pakistani Rupee (PKR) hit a historic low of PKR 287.29 to the US dollar in the interbank foreign exchange market.
In mid-day interbank trading, the Pakistani Rupee (PKR) on Tuesday experienced an all-time low against the US Dollar. The local currency closed at PKR 288 against dollar.
The value of Dogecoin surged against Pakistani Rupee (PKR) following the change in Twitter’s logo from the bird’s symbol to Doge symbol.
The Pakistani Rupee (PKR) plunged by PKR 1.25 to end near all-time low against the dollar on Monday in interbank foreign exchange market.