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Exchange rate very critical under IMF

Press/Media

Description

This article examines the importance of exchange-rate management for Pakistan under an IMF-supported programme. It analyses how rupee volatility affects inflation, business costs, trade and the balance of payments, while questioning the sustainability of short-term external borrowing and both rigidly fixed and fully market-determined exchange-rate approaches. The article calls for a context-sensitive monetary strategy, stronger State Bank intervention and deeper domestic capital markets to promote currency and macroeconomic stability.

Period19 Jan 2022

Media contributions

1

Media contributions

  • TitleExchange rate very critical under IMF
    Degree of recognitionInternational
    Media name/outletDawn
    Media typePrint
    Duration/Length/Size800 - 900 words
    Country/TerritoryPakistan
    Date19/01/22
    DescriptionThis article examines the importance of exchange-rate management for Pakistan under an IMF-supported programme. It analyses how rupee volatility affects inflation, business costs, trade and the balance of payments, while questioning the sustainability of short-term external borrowing and both rigidly fixed and fully market-determined exchange-rate approaches. The article calls for a context-sensitive monetary strategy, stronger State Bank intervention and deeper domestic capital markets to promote currency and macroeconomic stability.
    Producer/AuthorHafiz Muhammad Usman Rana
    URLhttps://www.dawn.com/news/1670298/exchange-rate-very-critical-under-imf
    PersonsHafiz Rana
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