No agreed target level for Exchange Rate: IMF

MG News | July 11, 2019 at 08:55 PM GMT+05:00

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July 11, 2019 (MLN): The International Monetary Fund (IMF) issued a clarification about the exchange rate assumptions its Staff Report, saying there are no agreed target level for the Exchange rates.

In a small statement issued through its official social media, the IMF said “The published Staff Report on Pakistan includes exchange rate assumptions which are not predictions. Under the IMF-supported program there is not agreed target level for the exchange rate, which is market determined.”

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