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
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