Quote:
Originally Posted by Mahi mehar
Miss fozia right now pakistan is following minimum reserve system, for that purpose one have to fix an amount of currency which is fully backed by gold and upper that limit central bank with consult of government can issue any no of notes accroding to requirement of economy.... in pakistan the limit which is fixed is Rs 1200 million
i hopw it's clear now
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Thanks mahi Mehar
But isnt it that Pakistan is following proportional reserve system??