Friday, August 12, 2022

Depreciation of the dollar

The dollar depreciated after receiving a loan from China, and the dollar fell by Rs 2.93 in the interbank market.

According to Forex dealers, the dollar has reached Rs 209 in the interbank market.

Yesterday, Finance Minister Muftah Ismail had said that 2. 2.3 billion would be received from China in the next few days. In his tweet, he said that after the signing by Pakistan yesterday, a consortium of Chinese banks today signed a RMB 15 billion (2. 2.3 billion) loan facility agreement.

He said that the loan amount would be received within a few days. We thank the Chinese government for making this easy.

The Chinese consortium of banks has today signed the RMB 15 billion ($ $ 2.3 billion) loan facility agreement after it was signed by the Pakistani side yesterday. Inflow is expected within a couple of days. We thank the Chinese government for facilitating this transaction.

– Miftah Ismail (iftMiftahIsmail) June 22, 2022

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