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Circulars

EXCHANGE RATES

December 29, 1992
44008

All Authorised Dealers
in Foreign Exchange,

Dear Sirs,

Exchange Rates

Effective 29th December, 1992, the State Bank of Pakistan will undertake the purchase and sale of U.S. Dollars from and to Authorised Dealers at the following rates:

Transaction Spot Forward (Up to 6 Months) Forward (Up to 12 Months)
Buying per U.S. Dollar 25.7000 25.7000 24.9290
Selling per U.S. Dollar 25.8285 26.7923 27.7560

The revised rates at which Authorised Dealers will buy from and sell U.S. Dollars to the public, effective 29th December, 1992, are as follows:

2. Authorised Dealers' Exchange Rates

Buying Rates (Per U.S. Dollar)

Instrument Spot Forward (Up to 6 Months) Forward (Up to 12 Months)
T.T. / Clean 25.6743 25.6743 24.9033
O.D. 25.5899 25.5899 24.8189

Selling Rates (Per U.S. Dollar)

Instrument Spot Forward (Up to 6 Months) Forward (Up to 12 Months)
T.T. & O.D. 25.8542 26.8180 27.7817
Abbreviations
  • T.T. – Telegraphic Transfer
  • O.D. – On Demand
  • Clean – Clean Bills / Clean Documents

Yours sincerely,

GHULAM MUHAMMAD
SENIOR DEPUTY Director