KARACHI: Banks are experiencing a surplus of dollars, driven by exporters swiftly selling their earnings in anticipation of further depreciation of the US currency. In the currency market, some banks are considered export banks due to their large network of exporters, who sell their proceeds to these banks. According to currency dealers, there’s been a remarkable increase in the inflow …
Read More »Depreciation fears prompt exporters to sell dollars
April 5, 2024