Pak rupee devaluation against asian countries

[hashimali1]

Few currency Rate against PAK Rupee

Afghanistan Afghanis 1.98
Bangladesh Taka 1.21
China Yuan 12.87
Indian Rupee 1.8

There was a time in recent past when I bought thousands of afghanis in just 100 rupees and now things are going towards opposite direction.
Are we going towards a breaking point?

[PuNk]

Bari jaldi khayal aaya !

[faheemboy]

plz caste the vote again in the favor of these few investors n industrialist again n again till we are distributed n murdered

[malik593]

facepalm
china is not a south asian country and secondly yuan is 13.00 and 13.50 respectively if u convert rupee to dollar then dollar to yuan then its 12.87 which actualy is non practical unless u are in china

[BackToCivicFaiez]

why do u need high value rupee anyways?

[afnan_88]

thore time pehlay hum jokes sunte they k lacs afghani rupees k hardly 200-300 pkr bunte he

[Bilaltq]

why do u need high value rupee anyways?

Because Pakistan imports a lot, and a devalued currency means more money spent to buy the same thing.

[hashimali1]

why do u need high value rupee anyways?

Pakistan's external debt are approx USD 60 billion. 60x86= Rs 5160 billion
let suppose rupee become stronger against dollar. for example Rs 65 = 1 USD
It means we have to pay 60x65=4225 billion to clear our debts. Difference is Rs 935 billion (14.38 billion USD)
The biggest burden is debt. Because of huge debts, it will take long for our economy to recover.

Secondly we can reduce our oil import bill upto 25 percent if rupee become stronger against dollar.
Our oil import bill is about 18 billion dollar in the current fiscal year.
Our Automobile sector is a second biggest burden on our economy. Better public transport system would be a best option to reduce oil bill.

[BackToCivicFaiez]

^^we only have 17 or 18 billion USD in pakistan....

foriegn debt is 50+ billion USD...

we do have trillions in ruppees ( state bank can inject as many ruppees as it wants ) but its not like u could go to the money exhanger and convert trillions of ruppees into 50 billion dollars and pay it all up lol....

exchange rate has nothing to do with foreign debt, foreign debt is payed in foreign exchange....and we dont have the foreign exchange to pay it all....

what we need is self subsistency or increase in exports or atleast decrease in imports.....we need expenditure switching policies to develop our own economy and current exchange rate is supporting all of this, the problem is that government is not doing anything....

[ahmad82pkn]

yar malaysian ringit 25 ka tha 6 month pehle or ab 28 ka :@ what the hell man
i have lost my big profit margin:-s

[carbonclass]

closed

[qwertypoiu]

Zardai Khappay

[2c]

Few currency Rate against PAK Rupee

Afghanistan Afghanis 1.98
Bangladesh Taka 1.21
China Yuan 12.87
Indian Rupee 1.8

There was a time in recent past when I bought thousands of afghanis in just 100 rupees and now things are going towards opposite direction.
Are we going towards a breaking point?

what is your definition of near in future?
i dont recall 3 years back afghani was lower then PKR

[2c]

why do u need high value rupee anyways?

so we have to pay less for our imports and prices can be controlled for middle and lower middle class of Pakistan.

[2c]

^^we only have 17 or 18 billion USD in pakistan....

foriegn debt is 50+ billion USD...

we do have trillions in ruppees ( state bank can inject as many ruppees as it wants ) but its not like u could go to the money exhanger and convert trillions of ruppees into 50 billion dollars and pay it all up lol....

exchange rate has nothing to do with foreign debt, foreign debt is payed in foreign exchange....and we dont have the foreign exchange to pay it all....

what we need is self subsistency or increase in exports or atleast decrease in imports.....we need expenditure switching policies to develop our own economy and current exchange rate is supporting all of this, the problem is that government is not doing anything....

True we dont have any foreign exchange but we can always get foreign exchange from international open money market (which is not usual money exchanger FYI).

if we want to keep continue our imports to be on higher end then strong PKR is better.
on a personal note government should focus on exports in that case they can afford devaluation in PKR.

but in reality situation is always opposite

[afnan_88]

btw , turkey has around 200b$ debts n see where it is today

[RetardedBuddy]

Tons of dollars have been pumped into afghanistan in the whole war on terror thing has gotten their rates up

Currency rates have got nothing to do with the economy as per say, The yen is roughly equal to the rupee (1 yen = Rs 1.03) and japan has a much much better economy

[hunnyahmed]

@qwerty

It's nothing to do with zardari, as nowadays it is Floating exchange rate in Pakistan, and govt is not the one who fix the rate but the market itself.

@2c and backtocivic

It's not only about govt to increase exports and lesser imports. It's more about the buyers. Whenever we to go to the market we wanna buy an Imported "MAAL". Even we''ll buy Chinese but not Pakistani material. Firstly we should start using our own products and by that way our sick industries can revive again, and we can help out ourselves.

[2c]

@qwerty

It's nothing to do with zardari, as nowadays it is Floating exchange rate in Pakistan, and govt is not the one who fix the rate but the market itself.

@2c and backtocivic

It's not only about govt to increase exports and lesser imports. It's more about the buyers. Whenever we to go to the market we wanna buy an Imported "MAAL". Even we''ll buy Chinese but not Pakistani material. Firstly we should start using our own products and by that way our sick industries can revive again, and we can help out ourselves.

i totally agree with you

[memad]

Can some one provide me the exchange rate of Iraqi Currency, I have 2 lakh of it.