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#Darnomics & the #DarPeg 🚨
A thread 🧵 —
There are two very clear scenarios in #Pakistan 🇵🇰 at the moment:
A thread 🧵 —
There are two very clear scenarios in #Pakistan 🇵🇰 at the moment:
Scenario 1 —
Finance Minister @MIshaqDar50 continues “managing” the country’s exchange rate. Once he’s gone (3-6 months), and a caretaker government comes in, PKR will shoot up (possibly overshoot) to previously unseen levels beyond 275 vs. USD.
Finance Minister @MIshaqDar50 continues “managing” the country’s exchange rate. Once he’s gone (3-6 months), and a caretaker government comes in, PKR will shoot up (possibly overshoot) to previously unseen levels beyond 275 vs. USD.
Scenario 2 —
Mr. Dar decides to let PKR find its true value based on market fundamentals driven by #Pakistan’s true (glaring 👀) macroeconomic realities. In this scenario, I foresee PKR depreciating to between 250-260 & stabilising within this range for the next 6 months.
Mr. Dar decides to let PKR find its true value based on market fundamentals driven by #Pakistan’s true (glaring 👀) macroeconomic realities. In this scenario, I foresee PKR depreciating to between 250-260 & stabilising within this range for the next 6 months.
