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
Distribution of saffron corms to farmers in Samangan province
The agriculture department in Samangan province has distributed 200kg saffron corms to eight farmers to grow in their fields and
France boosts WFP emergency response in Afghanistan while helping local economy
The Government of France has announced a contribution of €400,000 (US$ 424,000) to the World Food Program (WFP) to assist
Nationwide protest to follow if octroi is not abolished-ACCI
The Afghan Chamber of Commerce and Industries warned nationwide protests would spark, if the government did not remove octroi. Octroi
