Pakistani Rupee a common alternative currency in Nangarhar markets
Owed to its proximity to Pakistan, eastern Nangarhar province serves as a major trade route between Afghanistan and Pakistan.
The Pakistani Rupee is becoming a commonly used currency in Nangarhar markets where Afghanis and Rupees are simply interchangeable despite a major difference in the currencies.
Currently in Afghan financial markets 1000 Rupees is equivalent to 577 Afghanis.
“Our fare is stable, pay me 60 Pakistani rupees or 60 Afghanis, it doesn’t matter,” Tolo News quotes one rickshaw driver in the provincial capital of Jalalabad.
Other foreign currencies like US dollars and Iranian Rial are popular in Afghanistan.
Some residents and officials link this trend to the lack of confidence in the stability of Afghani currency and the failure of the Afghan Central Bank in keeping Afghani the primary choice of currency.
Related Articles
Experts talk economics and media at Afghan-German Cooperation Media Meeting in Mazar
With the state of Afghanistan’s finances making headlines almost daily in national and international media, last week’s Afghan-German Cooperation Media
The completion of utility projects in Ghor province help over 16,000 families
The National Solidarity Program (NSP) of the Ministry of Rural Rehabilitation and Development (MRRD) has completed 124 utility projects in
Regional Integration and Transit Trade Issues
Despite being a land-locked country, the geo-strategic location of Afghanistan connecting Central and South Asian countries, China with the Middle
