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Afghani Continues to Dip Against US Dollar

The Afghani currency continues to depreciate against the US dollar causing prices of essential items to soar in Kabul markets. The US dollar currently stands at 73.30 in Sarai Shahzada, Afghanistan’s largest financial market. Kabul residents have voiced their concerns

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Afghani’s decline against dollar tied to illegal cash transfer and economic slowdown

Da Afghanistan Bank (DAB) Governor Noorullah Dilawari was summoned by the Parliament to explain the reasons for the drastic decline in Afghani currency against the US dollars. This comes as the US dollar has gone up by 17 percent in

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Commodities’ prices stay stable in Kabul

Pajhwok Afghan News Weekly Price Report-The rates of daily-use commodities remained unchanged during the outgoing week in central capital Kabul, retailers said on Thursday. A 50-kilogram bag of Pakistani sugar sold for 1,650 afghanis ($30.21), a 49-kg sack of Pakistani

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Commodities' prices stay stable in Kabul

Pajhwok Afghan News Weekly Price Report-The rates of daily-use commodities remained unchanged during the outgoing week in central capital Kabul, retailers said on Thursday. A 50-kilogram bag of Pakistani sugar sold for 1,650 afghanis ($30.21), a 49-kg sack of Pakistani

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Afghanistan prints 200bn Afghani banknotes

The Central Bank announced Sunday that 200bn Afghani banknotes are newly printed in accordance to the market demand. First Deputy of the Central Bank Khan Afzal Hadawal said the banknotes are printed in the United Kingdom by the Delarue firm.

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Afghan Central Bank sells USD 20mn to Afghan Money Exchangers

Da Afghanistan Bank (DAB), Afghanistan’s Central Bank, sold USD 20mn to Afghan Money Exchangers on 16 March 2013, according to Sarai Shahzada. The aforementioned amount was sold at an exchange rate between 53.24 AFN and 53.29 AFN. Sarai Shahzada is

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Rice, sugar, gold prices fall

Pajhwok Afghan News weekly price report: The prices of rice, sugar, gold and cedar wood decreased during the outgoing going week in the capital Kabul, retailers said on Thursday. The price of a 50-kilogram bag of Pakistani sugar fell from

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Fuel prices down in Kabul

Zarghona Salehi (PAN)- Prices of petroleum products dipped during the outgoing week in Kabul, with rates of other essential daily-use commodities staying stable, dealers said on Thursday. A litre of petrol cost 55 afs and diesel 60 afs against their

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Special Report – Stalking the Taliban in Afghan currency markets

By Mathew Green-(Reuters) Haji Khairullah Barakzai is the ultimate Afghan success story: illiterate village boy makes a fortune thanks to a lifetime of hard work, unerring street smarts and God’s favour. But to the U.S. Treasury Department, he is one

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Afghan high officials link currency fall to false rumors

As the Afghani plummeted against the dollar in the market ($1=53.2AFN), rumors about the currency situation worsening are boiling up. Present at a Wolesi Jirga meeting, Minister of Finacne Omar Zakhilwal, Minister of Economy Abdul Hadi Arghandiwal and Da Afghanistan

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Final day for Afghan to get rid of old bank notes

Afghans had their last chance to trade in the last of their old bank notes for the country’s new currency. “Today’s the last day to trade in old afghanis and we’ve had a lot more people coming to change them

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Afghani depreciated against dollar

Afghani currency dipped against the US dollar during the outgoing week in Kabul. A US dollar was worth 52.50 AFN, compared to last week’s price of 51.65 AFN. The currency depreciation was linked to a dollar shortage in the market.

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