Tolo News: “The Central Bank of Afghanistan has successfully utilized monetary policy tools to maintain price stability and reduce volatility in the exchange rate. Compared to other currencies, the Afghani has remained relatively stable.” One dollar was exchanged for around 89 afghani on Sunday in Kabul markets. “One of the main reasons that we witness
Tolo News: A member of the Afghanistan Trust Fund, Shah Mohammad Mehrabi, said that the Polish Security Printing Works (PWPW) is due to deliver new Afghani banknotes to Afghanistan within one month. This comes as a spokesman for the US Department of State, Ned Price, said at a press conference that the US and its
Tolo News: He made the remarks while speaking about the Afghan frozen funds in a Zoom conference. “So I am very pleased to say that in the past 24 hours, we finally have seen the conclusion of currency transaction… this will mean that new printed Afghani will replace banknotes that … are virtually disintegrating in
Khaama: The Taliban’s latest move comes at a time when some locals and traders in Afghanistan use Pakistani rupees for everyday spending and food purchases. The use of Pakistani rupees is preferred in provinces adjacent to Pakistan over the Afghan currency, Afghani, as they may face a 10% loss in converting the rupee to Afghani.
LA Times: In previous years, the Afghan central bank — known as Da Afghanistan Bank, or DAB — would withdraw annually 3 billion to 4 billion afghanis’ worth (about $33 million to $45 million) of decrepit banknotes and substitute them with new ones printed abroad. (Afghanistan does not have its own mint.) But the international
Tolo News: A member of the Afghanistan Trust Fund, Shah Mohammad Mehrabi, said that $150 Million should be delivered to the markets monthly in Afghanistan to stabilize the Afghan currency. “Use of this fund should be done for the sole purpose of price stability to defend the value of Afghani. This process can be independently
Tolo News: Afghan citizens complained of an increase of worn-out banknotes in Kabul markets, saying the issue has caused them serious challenges. “Almost 80% of the Afghanis are worn-out. There are no new banknotes in the markets,” said Jaafar, a resident of Kabul. “It is not clear if new Afghanis have been printed or not.
Tolo News: The Islamic Emirate has denied allegations by the head of the UN Development Program (UNDP) in Afghanistan that Afghanistan’s central bank is unable to convert dollars into Afghan currency. Earlier, Reuters quoted a senior UNDP official as saying that although the organization had $135 million in the International Bank of Afghanistan (AIB), it
8am: On Thursday, February 3, a senior UN official said that the organization has $135 million in a bank in Afghanistan, however, it cannot use it because Da Afghanistan Bank (DAB) has not been able to exchange the amount of money into afghanis. Click here to read more (external link).
Ariana: The Afghani (AFN) has rebounded in recent weeks to a stronger 94 AFN to the US dollar, after its recent plunge which at one stage saw the currency fall to a low of 130 AFN to the dollar. According to Islamic Emirate of Afghanistan (IEA) spokesman Inamullah Samangani, the stronger AFN comes on the