Pakistan’s State Bank devalues currency: Bloomberg - Pakiatani Media News

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Monday, 11 June 2018

Pakistan’s State Bank devalues currency: Bloomberg

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Pakistan’s central bank devalued the currency for a third time since December amid mounting economic pressure and speculation that the country may need International Monetary Fund support. The rupee dropped as much as 5.1 percent to 121.5 a dollar in trade today, according to bank foreign-exchange traders who asked not to be identified since they are not authorized to...

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