This is our old Accountancy Forum which is now closed and is only available for reference purposes.
Visit the NEW ACCOUNTANCY FORUM at http://forum.accountancy.com.pk/ which is open for registration and discussions.

Accountancy Forum Forum Links » Home | Profile | Active Topics | Members | Search | FAQ
Username:
 Password:
Save Password
Forgot your Password?

 All Forums
 The Profession
 Economics
 Pak Rupee Devaluation		  New Topic  Topic Locked
 Printer Friendly
Author Previous Topic Topic Next Topic  

Townboy
Unregistered Trainee

Pakistan
9 Posts
Posted - Jan 26 2010 :  3:34:05 PM  Show Profile
What are the factors responsible for Pak Rupee devaluation

Is it the ongoing world recession?
or
Is it the hyper Inflation in the country?
or
Is it current account deficit

Surge in gold prices and depreciation of Dollar against Euro and other currencies of the world. Situation instead of getting better off has gone even worst now in Pakistan. I would like to invite comments from the forum members.

mjawad
Unregistered Trainee

Pakistan
3 Posts
Posted - Sep 05 2010 :  04:10:40 AM  Show Profile
At the most basic level, currency is devalued when more of it becomes available (i.e. it is printed out of thin air backed by nothing, like gold or an increase in agricultural or industrial production capacity).

Another reason a currency is devalued is because a country takes loans beyond its capacity to settle them and this is when state bank kicks in to devalue the currency by setting the exchange rate.

Either way devaluation of currency is a way of imposing taxes on her people as it results in loss of wealth / purchasing power of the people.

In my opinion it is the most effective way for the elite to enjoy the fruits of other people's labor.
Go to Top of Page
  Previous Topic Topic Next Topic  
Advertisements


Accounting Books
Follow Accountancy on TwitterFollow Accountancy on Facebook





Accountancy Poll

Forum Posting Guidelines

Do not treat the forum like a public chat room. Only post messages which are helpful or add value to the web experience of forum members. For idle chat and socializing with other forum members, use the online chat feature by clicking on the "Join Chat" button on the toolbar below.

Search before posting. Please take time to search before you post. Topics with duplicate titles/themes will be locked/removed. Do not post a topic in more than one forum.

Be descriptive with your Topic titles. Try to describe what this topic or your query is about. Topics with titles such as "Help me" or "Help!!!" will be immediately deleted.

Post in the correct forum. Please ensure that the subject matter of your topic relates to the theme of the forum.

Do not start new threads for topics which are already being discussed.

Do not advertise/promote your products/services/websites. Violating posts/threads will be deleted without prior notice.

Do not engage in "verbal battles" with other members. If you note any member violating forum posting guidelines, immediately report it to the forum administrator.

Do not post copyrighted material or links to any such material without its owner's explicit permission. This includes news, articles, books, videos, and all items which come under the definition of "intellectual propery". All such threads and its posters' account will be deleted without notice.

Do not use multiple IDs. Using multiple IDs goes against the ethics, spirit and rules of this board. We record the login information of each member and will block all accounts including a member's original account. If you have a genuine reason of using more than one ID, inform the admin in advance so that we may remove you from our auto-generated blacklist.

Appropriate action will be taken against members violating forum rules and guidelines to which every registered member has agreed to at the time of registration.
 New Topic  Topic Locked
 Printer Friendly
Jump To:
Advertisement(s)
Accountancy Forum © 2002 - 2010 Accountancy Go To Top Of Page
This page was generated in 2.23 seconds. Snitz Forums 2000