Pakistan rupee plunge after government lifts exchange rate cap to comply with IMF terms | South China Morning Post

Pakistan lifted a cap on its currency’s exchange rate on January 26, 2023, causing the value of the rupee against the dollar to fall 10 per cent in a single day. The move was an attempt to supply an influx of dollars to an ailing economy and comply with terms set by the International Monetary Fund (IMF).

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