Amu: The Afghani has sharply depreciated against the U.S. dollar over the past week, with the exchange rate rising by nearly 300 Afghanis per hundred dollars in just three days, despite continued efforts by the Taliban-run central bank to stabilize the currency. Da Afghanistan Bank, the country’s central bank, put $20 million up for auction last Thursday in an attempt to maintain the Afghani’s value. However, as of Saturday, the exchange rate stood between 73.23 and 73.50 Afghanis per dollar — a notable jump from around 70 Afghanis just weeks earlier. Click here to read more (external link).
