English | دری

US dollar drops against Afghani

in Afghan Business

US dollar drops against Afghani

After several weeks, Afghani picks up value against the dollar.

According to the moneyexchangers in Sarai Shahzada, 1 USD was equivalent to 51 AFN today.

Some analysts link the fall in the dollar value to the amounts of dollars pumped into the economy by the Central Bank of Afghanistan.

The Afghani plummeted against the dollar for several weeks in a row.

Afghan officials had cited the depreciation in the Afghan currency to the false rumors about Afghani drowning after 2014, when many foreign troops are scheduled to withdraw from Afghanistan.

In addition, capital flight has been a key factor behind the fall of the currency.

Related Articles

Award ceremony for civil servants’ completion of five-phase training programme in Feyzabad

On 4 April 2013, an award ceremony took place in Feyzabad marking the completion of a five-phase training programme by

World Bank funds road graveling project in Bamyan

The World Bank (WB) is funding the graveling work on a 20km road in the Foladi Valley of central Bamyan

Germany and Afghanistan sign an AFN 5 billion deal

The Afghan government and the German KfW Development Bank signed a financial agreement on Monday that provides funding of about

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Your e-mail address will not be published.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.