Circulars

EXCHANGE RATES

July 11, 1997
44259

All Authorized Dealers
In Foreign Exchange,

Dear Sirs,

EXCHANGE RATES

Effective 11th July, 1997 the State Bank of Pakistan will undertake purchase and sale of U.S. Dollar from and to Authorised Dealers at the following rates :-

BUYING PER U.S. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
40.460040.6623

2. The revised rates at which Authorised Dealers will buy from and sell U.S. Dollar to the public with effect from 11th July,1997 are as under :-

BUYING PER U.S. DOLLARSELLING PER U.S. DOLLAR
SPOT SPOT
T.T. 40.4795T.T.&40.7631
Clean O.D.
O.D.40.3464

Yours sincerely,

M.IBRAHIM QURESHI
Joint Director