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Central Bank of Afghanistan reports 17.25% increase in currency value against US Dollar

6th September, 2024 · admin

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 Afghanistan’s economy is a growing concern. While international support and aid organizations, including the UN, provide critical assistance, the economic foundation remains shaky and unsustainable. The dependency on external aid highlights the fragile nature of Afghanistan’s economy, which is struggling with a severe humanitarian crisis and rising unemployment. Click here to read more (external link).

Posted in Economic News, US-Afghanistan Relations | Tags: afghani |
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