The Pakistan

 In the bustling financial district of Karachi, Pakistan, the news spread like wildfire — the State Bank of Pakistan (SBP) had taken an unprecedented step in the country’s economic history. The restrictions on importing the United States Dollar (USD) for exchange companies, tied to the values of their export transactions, were now lifted. As the sun rose on that eventful day, a sense of excitement and curiosity filled the air, and the nation’s currency market was on the cusp of transformation. The move was welcomed with both anticipation and caution. For years, exchange companies had operated within the confines of rigid regulations that limited their access to USD, despite the surging demand for foreign currency. Pakistan’s export-oriented economy had often found itself facing challenges due to these restrictions, hampering the ease of conducting international trade. https://twitter.com/thepakistan2021/status/1684718205968031744?s=20 The new policy aimed to address this long-stand...

Once upon a time in the land of Iran, a captivating economic transformation was underway. The Iranian government, led by visionary leaders, embarked on a path that would challenge the long-standing dominance of the US dollar in international transactions. This audacious move aimed to bolster Iran’s economic sovereignty and lessen its dependence on the global financial system controlled by the United States. The story began with Iran’s rich history and proud heritage. The nation had been grappling with economic sanctions imposed by the United States, which limited its access to international trade and financial markets. Determined to break free from this cycle, Iran’s government explored alternative paths, seeking economic empowerment and a more stable future. https://twitter.com/thepakistan2021/status/1676621945616605184?s=20 The first step in this transformation was to reduce its reliance on the US dollar. Iran recognized that the dollar’s dominance exposed it to vulnerabilities, maki...