When the military was called on to help defend Pakistan's ailing currency, licensed foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken away. The campaign against the informal market has worked. Tens of millions of dollars have poured back into Pakistan's interbank and openmarkets, dealers say, since raids on black market operators began on Sept. 6.
By Ariba Shahid and Mushtaq Ali KARACHI/PESHAWAR, Pakistan (Reuters) - When the military was called on to help defend Pakistan's ailing currency, lice.