Thread: Dollarization
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Old Thursday, September 26, 2013
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Default Dollarization
Dollar continues to make historical high against Pak rupee as it further appreciated to new position at 109 against weakening Pak rupee in the open market today. Govt & SBP seem criminally indifferent over this issue whereas It would certainly open floodgates of ever high inflation.


Asad Umar of Pakistan Tehreek-e-Insaf (PTI), who took oath as a member of the lower house of parliament, said on Tuesday “The government-IMF agreement has raised many doubts in the minds of people who want the agreement should be made public,” He predicted that the Pakistani rupee would be devalued further to 127 against dollar.He said the government had printed notes worth Rs636 billion in a period of just two months which would result in an unprecedented increase in inflation whereas the last government had printed Rs500 billion one year."


What is your input, guys
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