Pakistani clerics have issued a fatwa against USD buying

So there you go, obviously the dollar top is in 😀

  • Religious scholars in Pakistan have declared that hoarding dollars is a “grave sin”
  • “We have issued a fatwa which says that people must not hoard dollars as hoarding creates chaos,” said Maulana Tahir Ashrafi, the head of the Pakistan Ulema Council, a network of Sunni Muslim clerics.
  • “Unnecessary purchases of dollars must be avoided till such time as Pakistan comes out of the prevailing crisis that we face today”
Mr Ashrafi was speaking with the Financial Times. Link for more (may be gated, oh, heads up – perhaps a fatwa will be issued against you if you try to bypass the paywall).
Good for a giggle. Having said that though, there are plenty of views about the market that border on religious fervour. My latest technical analysis on the AUD, for example:
So there you go, obviously the dollar top is in :-D