US dollars set ablaze after devaluation of rupee in Gujranwala
- By Web Desk -
- May 21, 2019
GUJRANWALA: Resident of Gujranwala on Tuesday set his US dollars on fire after continuous devaluation of rupee in Interbank and open market, reported ARY News.
As per details, Amjad set the dollar, he was possessing on fire, to initiate movement to stabilise Pakistani rupee against the greenback.
“I’m setting my dollars ablaze with an aim to stabilise the country’s economy”, Amjad said while talking to ARY News correspondent Ghulam Fareed.
He urged masses to do the same and avoid trading in US dollar to strengthen Pakistani rupee.
Earlier in the day, the US dollar touched a new record high of Rs153 in the open market.
With an increase of Rs1.36, the rate increased to Rs153 in the open market.
Read more: Iftikhar Durrani releases figures of dollar growth in previous governments
It may be noted that the rupee went into free fall following three days when PM’s adviser on Finance Abdul Hafeez Sheikh announced the finalization of a three-year bailout with the International Monetary Fund (IMF) for $6 billion.
Few days earlier, taking the notice of the devaluation of rupee against the US dollar, Prime Minister Imran Khan ordered to launch crackdown against money changer companies selling dollar above market rate.