(File photo: AFP)
Islamabad: The government has bridged the gap between the IMF’s interbank and open markets through, among other measures, curbing the illicit movement of dollars Also fulfilled the condition of keeping 1.25 percent.
According to Express, the difference in the foreign currency price between the open market and the interbank is equal to 0.7%, the dollar is Rs 307 in the open market and Rs 305 in the interbank, and the price of the dollar in the interbank is Rs 1.98. And the open market has decreased by Rs.5.
Similarly, the euro fell by Rs 3 to Rs 332 in the open market, down by Rs 23 from its highest level in the last few days. In the open market, the pound fell by Rs 9 to Rs 388 and the pound lost Rs 30 from its highest level.
Read this: The dollar continues to fall in the open market, falling from 331 to 308 rupees in 4 days
The Saudi riyal fell by Rs 1.50 to Rs 81.80, the Saudi riyal fell by Rs 7.20 while the UAE dirham settled at Rs 86.80 and the dirham is down Rs 3.20 from its high in the last few days.
Also read: dollar smuggling crackdown; Khyber Pakhtunkhwa’s largest currency market Chowk Yadgar Sale
The IMF has set a 1.25 percent spread between the two markets and the open market and interbank spread in foreign currency prices has come below 1 percent. The open-market and inter-bank exchange rate for the foreign currency stood at 0.7 per cent from around 8.2 per cent on Monday.
(function(d, s, id){
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) {return;}
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_US/sdk.js#xfbml=1&version=v2.3&appId=770767426360150”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/en_GB/sdk.js#xfbml=1&version=v2.7”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));