EXCHANGE RATE PEAKS AT $25

A volatile foreign exchange crisis that began earlier in
the week, yesterday subsided with rates coming down to $16, by last night,
after peaking at $25 to the US dollar by Thursday.

The sharp rise in the exchange rate and an inexplicable
rout of …

A volatile foreign exchange crisis that began earlier in the week, yesterday subsided with rates coming down to $16, by last night, after peaking at $25 to the US dollar by Thursday. The sharp rise in the exchange rate and an inexplicable rout of the local unit caused a spike in prices of goods and services as most traders claim they peg prices against the US dollar. Both Finance and