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Efforts underway to ban Pakistani Rupees in Afghanistan

Da Afghanistan Bank (DAB), Afghanistan’s central bank, endeavors to ban usage of Pakistani Rupees in Afghanistan. Currently, Pakistani Rupees (known as ‘Kaldar’ in Afghanistan), is commonly used in southern provinces of Afghanistan including Kandahar, Helmand, Uruzgan and Zabul provinces. Economic

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The unstable Afghani currency

As the elections deadlock ended, there were glimpses of hope that Afghani currency would appreciate in value against the US dollar. Only a few days after the formation of the new government, the Afghani currency continued to go down. The

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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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Gold, petrol rates down in Kabul

Pajhwok Afghan News Weekly Price Report-Gold and petrol prices decreased during the outgoing week in Kabul, where the rate of rice edged up, retailers said on Thursday. The price of one gram of Arabian gold declined from 2,250 afs to

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Afghanistan’s central bank sells US dollars to Afghan money exchangers

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), sold USD 27,500,000 to Afghan money exchangers on 09 March 2013, reported Sarai Shahzada. The dollar was sold at a rate of between 53.80 and 53.83. Sarai Shahzada is Afghanistan’s largest and historical

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Forged money flooding Kabul markets

A number of residents and moneyexchangers have expressed their concerns about the rising circulation of counterfeit money in the market. Many moneyexchangers have given up their business as a result of increase in the printing of forged 500 and 1000

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Central Bank sells US dollars to Afghan money exchangers

According to the money exchangers at Sarai Shehzada, the Afghanistan Central Bank (Da Afghanistan Bank) sold USD 2,400,000 to the money exchangers at an exchange rate of between 51.921- 51.94 today, Tuesday, 5th of February. This comes after the Central

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Iran sanctions hurting Afghanistan’s economy

Afghanistan is repeatedly pinched as the west tightens its sanctions against Iran. Afghani currency has dropped to its lowest value against the dollar in the span of only a few weeks. The reason is linked to the high demand for

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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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Afghani currency falls against foreign currencies

Afghani currency value hit its record low in a decade on Tuesday, with one dollar accounting for 55 AFN in the capital city. Governor of the Da Afghanistan Bank (DAB) Noorullah Delwari linked the drop in the Afghani currency value

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