885Pakistan Current AffairsMedium
Which bank has warned that Pakistan is now at a high risk of currency crisis? (As reported on 26 November 2022)
ANone
BWorld Bank
CState Bank of Pakistan
DNomura Holdings
Correct answer
D. Nomura Holdings
Explanation
Nomura has warned that seven countries — Egypt, Romania, Sri Lanka, Turkiye, Czech Republic, Pakistan and Hungary —are now at a high risk of currency crises. The Japanese bank said that 22 of the 32 countries covered by its in-house “Damocles” warning system have seen their risk rise since its last update since May, with the largest increases in the Czech Republic and Brazil.