Concerns have been raised in Pakistan regarding certain banks’ recent currency manipulation. Due to this manipulation, the value of the Pakistani rupee has decreased in relation to the US dollar, which is extremely concerning for the population and the nation’s economic stability. Currency manipulation refers to the deliberate manipulation of exchange rates by central banks or financial firms in order to obtain an unjust advantage. In order to encourage just and honest exchange rate practices, regulatory organizations must actively monitor and punish any attempts at currency manipulation. The financial sector is vulnerable as a result of the recent currency manipulation in Pakistan.

Source: The Nation October 20, 2023 22:30 UTC