The Dollar Just Hit An All Time High And Pakistanis Are PISSED About It

By Biya Haq | 16 May, 2019

BRO, WTF.

As you may have heard, the dollar this year has not been very kind to us Pakistanis.

Source: Dunya News

At all.

Because of this, the International Monetary Fund struck a bailout deal with the Pakistani Government, in order to prohibit devaluation as much as possible.

The $6 billion deal promised to maintain and monitor the exchange rate, posing it as a free-floating rate so that in essence, the dollar rate would not drive us all crazy with it’s constantly increasing price. Unfortunately, that hope did not last long.

Days after the deal was made, the Dollar just hit an all-time high and now, Pakistanis are PISSED.

The Dollar now sits nice and pricey at 147 rupees which is an absolutely staggering number. Pakistanis all over the world are absolutely flipping out by seeing such a quick and drastic change in our currency. Suffice to say, they are not happy.

Many are looking to ‘Naya Pakistan,’ for answers.

This is quite an alarming situation and it is difficult to say where we and the rupee go from here. If a deal with the IMF fell through so quickly, where do our feasible options actually lie?

Meanwhile:

Let’s hope Immy K can pull some kind of trick out of his hat and change the situation sooner rather than later. Have you seen the conversation? What do you think about the dollar’s new price tag? Let us know what you think in the comments below. Love you.

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Cover photo source: FX Street/Khaleej Times

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