English | دری

Afghani dips against the US dollar

in Afghan Business

Afghani dips against the US dollar

afghani currencyThe value of the US dollar has appreciated against the Afghani currency, with the buying rate currently standing at 58.25 AFN.

Earlier this year, the US dollar was sold at an exchange rate of 52-53 AFN.

Local moneyexchangers have linked the soaring dollar price to the delay in signing of the key security accord with the US.

The Bilateral Security Agreement is the last assurance left for investors in terms of their security concerns.

The Afghan Central Bank pumps in US dollars in the market through its weekly sales. For the next week, the Central Bank has announced to circulate USD 30mn in the market in a bid to keep the Afghani currency stable.

However, moneyexchangers believe the bank’s decision would not have any significant role, since the investors are discouraged due to President Karzai’s refusal of the security pact.



Related Articles

Afghan school nominated for the Aga Khan Award for Architecture

A school in Herat has been shortlisted for the 2013 cycle of the Aga Khan Award for Architecture. Announced on

Improving Lives in Rural Afghanistan: How New Roads are Benefiting Remote Villages

With UK support, the Afghanistan Reconstruction Trust Fund (ARTF), is helping to build new roads, delivering better transportation and more

FIFA funds programs to boost Afghan football

Fédération Internationale de Football Association (FIFA) has invested in various projects to boost football in Afghanistan. Afghan football receives new

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Your e-mail address will not be published.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*