Pak among countries most vulnerable to dollar: Moody

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Observer Report

Washington

Moody’s Investors Service has identified Pakistan among the countries most vulnerable to dollar appreciation, according to an announcement on Friday about its new report.
The just-released report, “Sovereigns – Global Contagion risks greatest where external vulnerability, weak debt affordability meet low policy credibility”, examines the countries that have been worst hit by a tightening in financing conditions this year.
According to the announcement, it draws on Moody’s previous analyses of where — aside from Turkey — vulnerability to a sharp and sustained deterioration in financing conditions is greatest.

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