Twirp: Terrorist Wahabi Islamic Rep Pakistan 4

[Naresh]

<b>Dollar may hit Rs90; $470m reserves wipe out</b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->KARACHI - Once again the phobia of dollarization has emerged in the country, prompting speculations that dollar is set to reach Rs90 in the open market in coming days, The Nation learnt.<!--QuoteEnd--><!--QuoteEEnd-->

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->After reaching $12.23 billion dollars mark on July 11, 2009, the country foreign exchange reserves have plunged to $11.76 billion on July 18, 2009, showing a decline of $390 million in just one week.<!--QuoteEnd--><!--QuoteEEnd-->

<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->According to break-up of foreign reserve position as on 25th July, 2009, the total liquid foreign reserves held by the country stood at $ 11,766.8 million.<!--QuoteEnd--><!--QuoteEEnd-->

Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->