Afghani drops against the US dollar, fuel prices up

in Afghan Business

Afghani drops against the US dollar, fuel prices up

gas systemPajhwok Afghan News Weekly Price Report- The Afghan currency dipped against the US dollar, as fuel prices went up and other daily-use commodities’ rates remained unchanged during the outgoing week in Kabul, retailers said on Thursday.

The Afghani depreciated against the greenback, moneychanger Ahmad Shah said, adding the buying rate of a US dollar was 57.5 AFN and 1,000 Pakistani rupees 550 AFN.

Last week’s exchange value of the greenback stood at 56.95 AFN and 1,000 rupees at 562 AFN. At the beginning of the current year, the exchange rate of a US dollar was 52.14  AFN and Rs1000 534 AFN.

The price of diesel edged up by an Afghani from 63 to 64 AFN a liter and petrol from 57 to 60 AFN, said Abdul Hadi, in charge of a pump station in the Wazirabad area.

Mohammad Sharif, a retailer, said he sold a kilogram of gas for 50 AFN the same price as last week.

Food prices saw no change, as a 50-kilogram bag of Pakistani sugar sold for 1,700 AFN, a 24-kg bag of rice for 1,700 AFN, a 5-kg tin of Momin ghee for 400 AFN, a kilo of African black tea for 210 AFN and the same quantity of Indonesian green tea for 175 AFN.

Haji Fazl Rahman, the Food Traders’ Union head, said the price of a 49-kg sack of Pakistani flour rose from 1200 AFN to 1220 AFN due to the decrease in imports from the neighboring country.

But wholesale prices varied from retail rates in some parts of the city. Khan Ali, a shopkeeper in the Kart-i-Seh locality, sold a 24-kg sack of Pakistani rice for 2,200 AFN and 50-kg of sugar for 2,000 AFN, 49 kilograms of flour for 1,280 AFN.

He sold a 5-kg tin of ghee for 460 AFN, a kilo of black African team for 270 AFN and the same quantity of Indonesian green tea for 220 AFN.

Jeweller Abdul Basir said one gram of Arabian gold remained stable at 2,100 AFN and the same amount of the Iranian variety at 1,750 AFN.



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