Foreign Exchange Rates Plunge Again

Last week saw another fall in foreign currency exchange rates. Exchange rates have been falling steadily for several years now, however this latest incident was extremely severe. The dollar alone fell from 315 drams it traded for on Wednesday to 285 on Saturday evening, a fall of around 10% of it’s price. Amid the uncertainty, banks and exchanges around the city continue to trade with a discrepancy of 10 drams or more between the selling…

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