Foreign currency requirement for taming inflation
In the year 2016 an operational limit to the debt-ceiling was introduced whereby the annual federal deficit (excluding grants) was not to exceed 4% of GDP over the period FY2018-21…
Is PKR only currency under duress?
The market has recently seen a decline in the value of PKR in relation to USD. This has been happening non-stop for the past few weeks. Around $7.5 billion is…
Iraq’s currency in flux as foreign transfers come under scrutiny
Iraq’s local currency has been on a two-month rollercoaster ride following a tightening of procedures for international transfers, with some blaming Washington for the dinar’s woes. While the official exchange…
Local but complicated
International fuel prices have been increasing consistently for the last few months. The prices of imported coal have increased three times their original prices – from $80 to over $240…
Emergence of new global currency
As the sun was settling down on the British Empire, the US was flexing its economic and arsenal might to get crowned as the next Superpower by replacing Britain. With…
PKR: managing common currency area
The rupee slide in recent weeks suggests that the traditional arguments of elevated current account deficits, selling USD by SBP, REER, rational/adaptive expectations on foreign inflows, geo-politics and begging bowl…
Digital currency can make the financial system safer—II
The Bank of International Settlements in its own studies discovered that at least one-fifth of the world’s population will use digital currencies within the next three years. This clearly shows…
Cryptocurrency and its future
Cryptocurrency is a growing global phenomenon that is vastly being embraced in Pakistan. It is a digital currency that is not centrally managed but is based on blockchain technology. Moreover,…
Computer shops embrace lucrative business: outfitting cryptocurrency miners
Some of the biggest electronics bazaars in Asia are being flooded with customers looking for the latest piece of technology: cryptocurrency mining rigs. Scores of miners from around the world…
Argentina’s currency crisis a boon for foreign tourists
Argentines may be feeling the pinch of their country's economic woes, but for tourists, the troubled peso is proving a holiday boon. Brazilian Pedro Perreira de Azevedo has been rubbing…
