Posted by: Samsara April 10, 2007
Downfall of dollar rate-
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Thank India's burgeoning economy for that. We're still pegged at 1.6 and I'm wondering just how long will our economy be able to sustain it as our economy in all financial sense, sucks BIG time (we're headed for a financial panic ala 2002 in Argentina when they had to let go of their peg against the USD...overnight people's nominal weath decreased by half and by 60% within a week). Once when that scenario takes place, Sajhakohero, in your own words, you will see a "good valuation of dollar in nepali forex"
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