This Is How Twitter Is Reacting To Sky-rocketing Dollar
Mahnoor Sheikh (@mahnoorsheikh03) Published November 30, 2018 | 03:32 PM
Financial experts have raised reservations over the devaluation of Pakistani rupee
Lahore (UrduPoint / Pakistan Point News – 30th November, 2018) Dollar reached a record high of Rs 142 in the inter-bank market with an increase of Rs 8 on Friday.
According to details, the value of dollar has been swiftly shifting in the Currency market; following which, the dollar was increased against the Pakistani rupee by Rs 8 and reached a new high of Rs 142.
The sudden rise of Rs 8 in the value of the US dollar is based on the government's commitments to the International Monitory Fund (IMF).
The US dollar, which was being traded at Rs 134 yesterday, opened higher at Rs 142 on Friday while the local currency further devalued by Rs 2 to Rs144.
Financial experts have raised reservations over the devaluation of Pakistani rupee as the devaluation is set to cause an increase in inflation and interest rate, effecting investment in the country.
Meanwhile, Twitter is also stunned over the sky-rocketing value of dollar.
Here’s what they are saying:
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