'We told the State Bank that allowing banks to provide foreign exchange to travellers up to $2,100 may create dollar shortage
in banks as it happened in 1998,' Bostan told Dawn.
Bloomberg mentioned that the share offerings build upon the economic revival efforts which began with the November 2016 decision to float the currency to end a dollar shortage
that had crippled business activity.
Com- panies cannot access foreign currency because of a persistent US dollar shortage
. The central bank, which gives weekly forex allocations, is low on currency reserves and is struggling to pay out manufacturers, miners and fuel carriers.
Away from the US, India's markets could continue to see headwinds due to a dollar shortage
in the country as its currency remains near record lows.
Nigerian banks were forced to reduce (and in some cases suspend) forex transactions on their Automated Teller Machine cards (debit and credit) in the face of acute dollar shortage
precipitated by shrinking petrodollars, tighter FX policies and reduced portfolio inflows.
Talk about a global dollar shortage
is another instance of this error.
Xpress Money's Giriyan predicted that more dollars will be flowing into the South Asian country due to the planned devaluation by the government and expats, too, look at this an opportunity to send more money which will ease the pressure for the dollar shortage
"People think that in the coming days the Pak rupee will be further under pressure due to the increasing demand for the dollar, so they start buying, anticipating a dollar shortage
," said Zeeshan Afzal, executive director-research at Insight Securities, referring to the recent hike in the value of greenback against the Pak rupee.
in Qatar since the diplomatic crisis began on 5 June.
Egypt has been negotiating billions of dollars in aid from various lenders to help revive an economy hit by political upheaval since a 2011 revolt, and to ease a dollar shortage
that had crippled imports and drove away foreign investors.
Officials have said the deal would help ease a dollar shortage
that hampered business activity.
Yet stock investors would still have to contend with capital controls curbing the repatriation of profit, which regulators imposed due to the dollar shortage
. Muhammad Radwan, head of equities at Cairo-based Pharos Holding, was on Nov.