Tag Archives: Rupee

Pakistan’s Forex Reserves Reach $11 Billion After 30-Month Gap Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), rose to over $11 billion as of October 11, 2024. This marks an increase of $215 million in a week and a significant milestone after 30 months. The reserves have grown for 12 consecutive weeks, reflecting an overall increase …

The global financial system is undergoing a profound transformation as the dominance of the US dollar is increasingly challenged by a multi-currency system. This shift, driven by geopolitical tensions and strategic economic policies, signals a significant move towards de-dollarisation. Recent Developments in De-Dollarisation EU’s Controversial Decision: The European Union recently announced plans to use interest earned on frozen Russian assets …