It would also help in diversion of remittances back to official channels, which will reduce deficit among official, banking and
open-market rates.
called on a single point agenda the meeting of Banking Heads to stabilize the currency market and it's the after effects of the meeting the rupee dollar parity declined this week Advisor Finance Ministry Rana Asad Amin informed that for the first time
open-market rates were less than the interbank.
While the
open-market rates have taken a record-breaking plunge, the official exchange still sits at 12,260 to the dollar.
Figure 6, panels A and B show the rates at which the Fed bought commercial paper and bankers' acceptances, compared with
open-market rates.
Unlike many African countries, illegal mining in Uganda is rare because gold is sold through licensed dealers at
open-market rates leaving little incentive for smugglers.
