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
Ayaz Gul VOA News February 17, 2025 ISLAMABAD — The World Bank reported Monday that the economic recovery in Taliban-controlled Afghanistan remains precarious, beset by persistent challenges, including policy uncertainty, financial isolation, reduced foreign aid and fragile trade relations with neighboring Pakistan. The bank assessed in its latest report that persistent high poverty levels, unemployment, limited
Amu: In an effort to stabilize the Afghan currency, Taliban on Wednesday issued a six-point decree banning the transfer of more than $5,000 through airports and more than $500 through land borders. The decree warns that violators will be arrested and imprisoned. The move follows a sharp decline in the value of the afghani against
Afghanistan International: Amid growing calls for the cutting U.S. financial aid to Afghanistan under Taliban rule, the Afghanistan currency has once again depreciated against the U.S. dollar. On Sunday, one U.S. dollar was traded at 74 Afghanis in Afghanistan’s currency markets. U.S. President-elect Donald Trump, in a press conference on Tuesday, January 7, condemned the
Khaama: Officials from the Central Bank of Afghanistan have announced that over the past year, the currency’s value has increased by 17.25% against the U.S. dollar. However, the World Bank had previously warned that starting in 2024, the value of the Afghan currency is expected to decline against all major currencies. The ongoing instability of
Bloomberg: Unemployment is rampant, two-thirds of households struggle to afford basic items and inflation has turned into deflation, according to a World Bank report. Planeloads of US dollars arrived almost weekly from the United Nations to support the poor, some of up to $40 million, for at least 18 months since the end of 2021.
Khaama: Afghanistan’s Central Bank said on Tuesday that it will auction 14 Million US Dollars by Wednesday. The Bank said in a statement on Tuesday that Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), will sell $14 million by Wednesday to stabilize the national currency Afghani exchange rate. Over the past 20 months, Afghanistan has received
Afghans are defying a ban on using Iranian rials or Pakistani rupees, as their economy struggles following the Taliban takeover.
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