Mature currencies don’t need babying. And despite the posturing by the government of Pakistan and its central bank that the rupee is stronger than it seems and can hold its own, it seems we are once again in a situation where the SBP is playing protective parent to the rupee.
And why wouldn’t they? This entire year has seen the rupee being bullied on the international markets and despite a brief recovery during the time that talks with the IMF were going well, the Pakistani rupee has been swaying and swinging all over the place punch-drunk from the many beatings it has taken in recent days.
The news that the State Bank of Pakistan is now putting limits on how much cash in foreign currency can be carried for international travel indicates exactly this. The SBP’s announcement did not just put a simple limit but even specified that adults (people over the age of 18) were allowed to carry $5000 while children were allowed to carry $2500 per visit. If you usually make multiple trips abroad in a year, you are allowed to carry $30,000 in total as an adult and $15,000 in total as a child under 18 throughout the year.
Far from being the sign of a stable currency, the tactic points towards a certain desperation to keep dollars within the country and really sheds light on all claims that the rupee is on the road to recovery. It is also important to note that traveling with children is expensive and sometimes requires more money than adults themselves.
The SBP did not stop with just cash. After observing some fishy activities on credit and debit card transactions, the SBP imposed limits on those also. The State Bank noted that transactions done through cards do not align with the individuals’ profiles. 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:
I wanted to thank you for this great read!! I definitely enjoying every little bit of it I have you bookmarked to check out new stuff you post.
온라인 카지노
j9korea.com/
I appreciate several from the Information which has been composed, and especially the remarks posted I will visit once more.
I appreciate several from the Information which has been composed, and especially the remarks posted I will visit once more.
I appreciate several from the Information which has been composed, and especially the remarks posted I will visit once more.
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post.
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post.
Personally, I have found that to remain probably the most fascinating topics when it draws a parallel to. You may find two to three new levels inside L . a . Weight loss and any one someone is incredibly important. Initial stage may be real melting away rrn the body. lose weight
Personally, I have found that to remain probably the most fascinating topics when it draws a parallel to. You may find two to three new levels inside L . a . Weight loss and any one someone is incredibly important. Initial stage may be real melting away rrn the body. lose weight
Most of the time I don’t make comments on websites, but I’d like to say that this article really forced me to do so. Really nice post!
Just pure classic stuff from you here. I have never seen such a brilliantly written article in a long time. I am thankful to you that you produced this!
I think this is one of the most significant information for me. And i’m glad reading your article. But should remark on some general things,
I think this is one of the most significant information for me. And i’m glad reading your article. But should remark on some general things,
I appreciate several from the Information which has been composed, and especially the remarks posted I will visit once more.
Extremely intriguing online journal. A lot of web journals I see nowadays don’t generally give anything that I’m keen on, however I’m most definitely inspired by this one. Recently felt that I would post and let you know.
Many homework on the continual hunt along with offstage on the road to winning. Definitely not attached, simple to-fall as a result of wayside; And not investigation, afterward into a path travel toward the black.
A lot of people having an incorrect image about the cash advance loans or sometimes refer it as bad credit payday loans.
Many homework on the continual hunt along with offstage on the road to winning. Definitely not attached, simple to-fall as a result of wayside; And not investigation, afterward into a path travel toward the black.
Thankyou for sharing the data which is beneficial for me and others likewise to see.
Thankyou for sharing the data which is beneficial for me and others likewise to see.
This is a great high resolution screen which you have shared for the users. Making a website is not an easy task but managing a good website is really a hard work. As far as this website is concerned, I am very happy.
Many homework on the continual hunt along with offstage on the road to winning. Definitely not attached, simple to-fall as a result of wayside; And not investigation, afterward into a path travel toward the black.
A very awesome blog post. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. I was exactly searching for. Thanks for such post and please keep it up
You have made some decent points there. I looked on the internet for more information about the issue and found most people will go along with your views on this web site.
You’ve completed in excellent work. t suggest to my frtends ind personilly wtll certitnly dtgtt. t’m conftdent they’ll be gitned from thts webstte.
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post.
You’ve completed in excellent work. t suggest to my frtends ind personilly wtll certitnly dtgtt. t’m conftdent they’ll be gitned from thts webstte.
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
A lot of people having an incorrect image about the cash advance loans or sometimes refer it as bad credit payday loans.
I needed to thank you for this phenomenal read!! I unquestionably adored each and every piece of it. I have you bookmarked your site to look at the new stuff you post.
You’ve completed in excellent work. t suggest to my frtends ind personilly wtll certitnly dtgtt. t’m conftdent they’ll be gitned from thts webstte.
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
First You got a great blog .I will be interested in more similar topics. i see you got really very useful topics, i will be always checking your blog thanks.
Personally, I have found that to remain probably the most fascinating topics when it draws a parallel to. You may find two to three new levels inside L . a . Weight loss and any one someone is incredibly important. Initial stage may be real melting away rrn the body. lose weight
I was very impressed by this post, this site has always been pleasant news Thank you very much for such an interesting post, and I meet them more often then I visited this site.
I am happy to find your distinguished way of writing the post. Now you make it easy for me to understand and implement the concept. Thank you for the post.
This article is an engaging abundance of enlightening information that is intriguing and elegantly composed. I praise your diligent work on this and thank you for this data. You have what it takes to get consideration.
I was very impressed by this post, this site has always been pleasant news Thank you very much for such an interesting post, and I meet them more often then I visited this site.
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
It turns out that even the hottest port has a few places where you can get off the beaten path. Here are some recommendations that will make you feel like you’re in the know
I was very impressed by this post, this site has always been pleasant news Thank you very much for such an interesting post, and I meet them more often then I visited this site.
It turns out that even the hottest port has a few places where you can get off the beaten path. Here are some recommendations that will make you feel like you’re in the know
Hi there, I found your blog via Google while searching for such kinda informative post and your post looks very interesting for me.
If you don”t mind proceed with this extraordinary work and I anticipate a greater amount of your magnificent blog entries.