If your foreign exchange operates like a black market, you will naturally look for someone who offers a better rate. It is common for currency exchange rates to be better in countries where the market operates illegally. However, the smuggling equation refers to the illegal transfer of currency across borders, which can impact the exchange rate and overall stability of the economy.
How it’s possible?
If we could purchase that 1 USD at 270 PKR in Afghanistan, but we can’t find 1 USD at 280 PKR in Pakistan cities. Then why it’s smuggled to Afghanistan?
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