English | دری

Ban on Pakistani currency proves to be a success in Kandahar

in Afghan Business

Ban on Pakistani currency proves to be a success in Kandahar

Kandahar has witnessed the lowest usage of Pakistani Rupee in the past few weeks following the imposition of a ban on the foreign currency.

A staunch campaign against Pakistani currency was launched throughout the province to help boost the value of Afghani.

Led by Kandahar police chief Gen. Abdul Raziq, the campaign caused thousands of Kandaharis to swarm banks and money exchange market to sell their Rupee and buy Afghanis.

As a result, the value of Afghani began to pick up value against the Pakistani Rupee. However, the Rupee is still exchanged for 620-623 AFN in the markets, as it is still commonly used in various other provinces.

According to Da Afghanistan Bank officials, the ban was successfully imposed in Kandahar only with support from security organs.

A letter calling for ban on Pakistani Rupee was circulated throughout Kandahar province and stated that violators would be fined and punished.

The central bank has also appointed a commission to monitor the process and the effect of the ban.

However, such vigorous imposition of a ban is lacking in other provinces.

Related Articles

ACCI blames the government for its failure to standardize transit system

Speaking at a conference in Kabul on Tuesday, ACCI chief Mohamad Qurban Haqjo criticized the government for its failure to

Construction of two new student dormitories in Pul-e-Khumri, Baghlan

Today marked the official start of construction work of two new dormitory buildings on the campus of Hussain Khel in

Cornerstone ceremony for Khwaja Burhan Bridge in Khulm district

With a total budget of AFN 15.5 million Germany finances bridge construction in Balkh province in Khwaja Burhan village that will connect

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.