Dear Financial expert brothers and sisters,
What would be your projection for Pak rupees Vs dollar in 1 year from now and years to come?
Is it worth keeping funds in dollars or Islamic account which gives you around 9%.
Yr coments would help many.
Kind Regards
Naveed Yaseen replied on Thursday, May 10, 2012 11:46 AM
Do not keep your savings in paper currencies or banks based on fractional reserve system (i.e. almost all banks). Both of these are scams of very large magnitude and very long duration. Initially imposed on world through gunpoint by European regimes. Then legitimized through media control as the miraculous "Modern Financial System".
Keeping your savings in these systems hurts yourself and others in multiple ways. And it benefits crooks operating these scams. |
MS replied on Thursday, May 10, 2012 11:42 PM
Yes, keep money in dollars v rupees. As soon as dollar gets stronger (which eventually will) rupee will above 100 rupees.
As you know Pakistan economy is not doing well. Even though economy in West is not great either, but they control the Financial System so they will come out of recession before Pakistan. |
Ali Khan replied on Friday, May 11, 2012 01:32 AM
Many thanks to Naveed Yaseen Sahib and MS for their v kind input.
While more comments will be appreciated for benefit of all,may be Naveed Bhai and others throw light on some medium size business opportunites that can be availed in Rawalpindi to make best use of funds and also generate work for others.
Kind Regards |
Fawad replied on Friday, May 11, 2012 04:28 AM
For other currencies i cant say anything but since 2010 Euro is decreasing against Rs. |
Abdullah replied on Friday, May 11, 2012 05:06 PM
Asalam,
If you want to keep as hard cash, then the best thing is to buy GOLD from that currency. Dollar/Euro are bound to collapse in the near future.
Salam,
Abdullah |
