The PKR traded at Rs 290 per dollar in the interbank market, a. Talking to Xinhua, Reza Baqir, former governor of the SBP, said that depleting foreign exchange reserves of the country, along with the fall in exports and decline in remittances from overseas Pakistanis, is directly influencing the foreign reserves and eventually the value of the rupee.īaqir said that all these factors as well as the global recession is contributing to negative sentiments and uncertainty in the market, which resulted in the free fall of the local currency. PKR 1.00000 USD 290. The Pakistani rupee weakened 1.3 per cent, dipping to a historic low of Rs 288.5 against the US dollar in the interbank market, a day after Imran Khan was arrested by National Accountability Bureau (NAB) from Islamabad High Court for his alleged involvement in Al-Qadir Trust case. On the last working day of the week, the local currency depreciated by 5.22 PKR, or about 1.89 per cent, against the US dollar, official figures showed. The US dollar closed at 271.36 PKR on Thursday. Earlier the coins and notes were issued and controlled by the Reserve. The Pakistani rupee (PKR) has continued a speedy crash against the US dollar with another big fall as the greenback was traded at a record high price of 276.58 PKR in the interbank market, the central bank announced.Īccording to the State Bank of Pakistan (SBP), the latest fall came during trading on Friday, reports Xinhua news agency. The Pakistani rupee ISO code: PKR is the official currency of Pakistan since 1949.
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