The Pakistani Rupee (PKR) continues to maintain its strength against the US Dollar (USD) in the international currency market, staying below the Rs. 160
The Pakistani Rupee (PKR) opened the week with mixed results against most major currencies but maintained the exchange rate against the US Dollar under
Saudi Arabian currency equivalent to N315million seized at Abuja airport
The money was said to have been sealed in brown envelopes and transported in Ghana must go bags.
The Economic and Financial Crimes Commission (EFCC) has taken into custody two suspects linked with the SAR3.1million (Saudi Arabian Riyal) seized at the Nnamdi Azikiwe International Airport, Abuja, on Monday.
At the official exchange rate, the seized money translates to about N315milliion cash.
PREMIUM TIMES was, on Friday, informed by sources familiar with the case but not authorised to speak on it that the suspects and the money were apprehended by Customs officers on Monday.
Pakistani Rupee Shows Mixed Results Against Most Currencies
Repeating the trend from last week, the Pakistani Rupee (PKR) opened the week with an almost blanket loss against most major currencies in the international currency market, turning the tide on Tuesday with blanket gains. Wednesday saw mixed results for PKR.
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Last week, PKR had lost against several major currencies in the interbank market on the opening day of the week before posting recovery in the following days. This week as well, PKR seems to be following the same trajectory.
Today (February 3), PKR lost 2 paisas to the US Dollar after gaining 6 paisas yesterday and losing 12 paisas on Monday. PKR closed at Rs. 160.18 against the USD compared to Rs. 160.15 on Tuesday (February 2), which was an improvement upon Rs. 160.22 to the USD on Monday.
Rupee Gains Big Against All Currencies on Yet Another Tuesday
Repeating the trend from last week, the Pakistani Rupee (PKR) opened the week with an almost blanket loss against most major currencies in the international currency market, turning the tide on Tuesday with blanket gains.
Tuesday marked a day of gains for PKR against all major currencies, with the most pronounced jump against the GBP.
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Last Monday, PKR had lost against several major currencies in the interbank market before posting recovery in the following days. This week as well, PKR seems to be following the same trajectory.
Today (February 2), PKR gained 6 paisas to the US Dollar after losing 12 paisas on Monday. PKR closed at Rs. 160. 15 against the USD compared to Rs. 160.22 on Monday (February 1), which was down from Rs. 160.10 to the USD on Friday (January 29).