There was, a few weeks ago, a rumour making the rounds that Pakistan had pledged its gold reserves. For those that do not know what that means, it is when a government is in such a deep crisis that it promises its gold reserves as collateral in exchange for foreign currency when a country’s coffers are entirely depleted. Note: Access to the full article is limited to paid subscribers only. If you are already a paid subscriber, please Login here Otherwise, you can choose to purchase a subscription package below for as low as Rs 275/month:
Pakistan’s gold is going nowhere for now
The SBP has rejected unsubstantiated claims that they were about to pledge their gold reserves, but is that even an option?
Very Informative.
Now, Gold is the currency for International trades.
SBP should show the gold to public. It is my claim that SBP doesn’t have any gold in custody. It is pledged sever.decades.ago to USA. And USA will never give it back even if SBP claims release.
Thanks for the good information, I like it very much. Nothing is really impossible for you. your article is very good.
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if, gold is the currency for international trades. then, dollar what do ??