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What did Pakistan use before dollars?

Watch the evaluation of currency throughout history

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June 12, 2019

 

How to get fresh currency notes before Eid

The State Bank has a new SMS service for people

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May 13, 2019

 

The dollar had a volatile year in 2018

So we decided to show it Pacman-style

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April 8, 2019

 

Value of rupee falls by another 40 paisas against dollar

The dollar rose to Rs128 in the interbank market on Monday, a 5.3% increase from July 13 when it was trading at Rs121.46

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July 17, 2018

 

Dollar becomes all the more expensive at Rs128

On Thursday, the value of the dollar was recorded at Rs121.39

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July 16, 2018

 

Fish for flour? Barter is the new currency in collapsing Venezuela

Under the midday sun, dozens of fishermen wait to sell their day’s catch by a lagoon in the town of Rio Chico on the Caribbean coast of Venezuela. But they aren’t expecting cash in return. Instead, they’re swapping mullets and snappers for packages of flour, rice and cooking oil. “There is no cash here, only…

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July 4, 2018

 

Digital currency sales hit $13.7 billion in first five months of 2018: report

Digital currency sales jumped to $13.7 billion in the first five months of the year, nearly double the amount raised for the whole of 2017, according to a report released on Thursday by PwC’s strategy and consulting division Strategy& and Switzerland-based Crypto Valley Association. Technology startups in the blockchain space around the world have raised…

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July 1, 2018

 

Indian rupee hits all-time low against US dollar

The Indian rupee slumped to an all-time low against the US dollar on Thursday as the currency comes under increasing pressure from rising oil prices. The rupee, Asia’s worst performing currency according to Bloomberg News, fell to 69.10 against the greenback in early trade before recovering slightly to 68.93 later. India is a massive importer…

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June 28, 2018

 

Banks don’t want to be weakest link in blockchain revolution

Blockchain, the cutting-edge technology behind virtual currencies like bitcoin, has the potential to play a disruptive role in the global finance sector, experts say, as banking behemoths seek to connect with its opportunities. While banks could reduce their costs, the gains could eventually shift to consumers who could benefit from quicker and cheaper services. “Any…

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May 6, 2018

 

Switzerland at epicentre of cryptocurrency revolution

Zurich, Switzerland: Switzerland has become a global hub for cryptocurrencies and the blockchain technology they are built on, with investors flocking to the wealthy Alpine nation to get in on the virtual action. The country’s largest city, Zurich, set up its first bitcoin ATM four years ago, while the Swiss national rail company has since 2016…

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March 29, 2018

 

Dollar climbs to 110.50 in interbank market

KARACHI: The dollar rate crossed Rs.110.50 on Friday as it gained strength against rupee in the interbank market. Dollar climbed by five rupees today. It had closed at Rs.105.50 yesterday. In the open market, dollar is trading at Rs.109, according to Forex.pk. According to experts, the dollar is going up due to Pakistan’s high debt…

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December 8, 2017

 

In Puerto Rico, acute shortages plunge the masses into survival struggle

FAJARDO, Puerto Rico: Brian Jimenez had burned through dwindling supplies of scarce gasoline on a 45-minute drive in search of somewhere to fill his grandmother’s blood thinner prescription. He ended up in Fajardo, a scruffy town of strip malls on Puerto Rico’s northeastern tip, where a line of 400 waited outside a Walmart. The store…

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October 2, 2017

 

SBP revises outward/inward cash carrying limits

KARACHI: The State Bank of Pakistan (SBP) has revised outward/inward cash carrying limits of Pakistan currency notes (PKR) for international travelers. A statement here on Tuesday said that SBP has revised the per person per visit outward/inward cash carrying limits of Pakistan currency notes (PKR). The outward/inward cash carrying limits for countries (other than India)…

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September 5, 2017

 

Euro rallies after Macron wins French presidency

TOKYO: The euro briefly rallied to a six-month high against the dollar Monday after pro-European centrist Emmanuel Macron’s victory in the French presidential election eased concerns about the country’s future in the eurozone. The single currency touched $1.1023, its highest level since November and up from $1.0998 on Friday after the 39-year-old former investment banker…

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May 8, 2017

 

Dollar, Treasury yields, stocks fall on Trump currency comments

NEW YORK: The U.S. dollar turned lower along with Treasury yields and stocks on Wednesday after U.S. President Donald Trump said the dollar is getting too strong and that he would prefer the Federal Reserve keep interest rates low.

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April 13, 2017

 

Indian ATM dispenses dummy ‘children bank’ currency

An ATM in Delhi spewed dummy 2,000-rupee notes issued by the ‘Children Bank of India’, prompting an investigation into the embarrassing lapse, police said Wednesday, months after the government’s shock cash ban triggered painful shortages. A customer care executive claimed he had been taken for a ride after the automatic teller machine run by the…

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February 22, 2017

 

Senate passes resolution to scrap Rs5,000 notes

ISLAMABAD: Senate on Monday passed a resolution seeking withdrawal of high denomination Rs 5,000 currency notes in order to curb the flow of black money. PML-N’s senator Usman Saif Ullah Khan tabled the resolution that was endorsed by the majority of lawmakers in the upper house of the parliament. The resolution said that the withdrawal…

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December 19, 2016

 

India announces new measures to increase supply of cash

NEW DELHI: India announced new measures on Monday to ease the cash crunch faced by millions after the government’s decision last week to abolish large denomination notes to try and uncover billions of dollars in undeclared wealth. The government will install new micro cash machines across the country and has asked banks to waive off…

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November 14, 2016

 

UK pound, euro under pressure in Pakistan

After Britain’s withdrawal from European Union, the UK pound and euro witnessed a visible decline in value at Pakistani currency market. Watch this report…

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June 26, 2016

 

Old notes to be phased out

KARACHI: The State Bank of Pakistan announced on Friday that old design bank notes of Rs 10, 50, 100 and 1000 would be phased out from the financial system. “As per Federal Government’s gazette notification dated 4th June, 2015, the old design banknotes will cease to be legal tender with effect from 1st December 2016….

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May 6, 2016

 

Ayyan Ali finally charge-sheeted

ISLAMABAD: Supermodel Ayyan Ali was finally indicted in Rawalpindi Customs court in currency smuggling court. She; however, pleaded not guilty, Samaa reported Thursday. According to our correspondent, the model appeared in the court along with her lawyer Latif Khosa for a formal indictment in the court where a charge-sheet was presented against her. Her counsel…

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November 19, 2015

 
 
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