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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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Afghans turning to US dollar for major business deals

The use of US dollar is becoming more prevalent among Afghan businessmen as Afghani currency remains unstable. Local businessmen find US dollar a more stable currency and use it in major deals including car deals, house purchases and land transactions.

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Central bank injects $300mn to stabilize Afghani currency

The central bank, Da Afghanistan Bank (DAB), has announced to inject USD 200-USD 300 million into the market in a couple of weeks in a bid stabilize the Afghani currency. This comes as Afghani is continuing to lose its value

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Sale of USD 15mn, 220mn Pakistani Rs by Afghan Central Bank

The central bank of Afghanistan, Da Afghanistan Bank (DAB), has announced to sell USD 15mn and 220mn Pakistani Rupees on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as

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Afghani dips against US dollar

Afghani currency has continued to dip against the US dollar, currently standing at 58.10 AFN. The depreciation of the currency is due to recent instability in the country. The capital Kabul has witnessed several brutal attacks recently. Last week, a

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Depreciating Afghani causing price-hike in the market

The increasing prices of essential commodities has become intolerable among the Afghan people. The Lower House of the Parliament summoned Finance Minister Hazrat Omar Zakhilwal, Chief of the Central Bank Noorullah Dilawari and Deputy Commerce and Industry Minister Muzammil Shinwari

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Afghani picks up against US dollar

Pajhwok Afghan News Weekly Price Report: Reversing an earlier dip, the Afghani edged up against the US dollar in Kabul during the outgoing week, when gold prices fell and fuel rates jumped, dealers said on Thursday. Rates of other daily-use

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The rising dollar against Afghani

The US dollar has been sold at an exchange rate of 55.5-60AFN in the past week. People are faced with high prices of food items and other commodities as a result of the expensive dollar. The increasing demand for US

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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

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