English | دری

The rising dollar against Afghani

in Afghan Business

The rising dollar against Afghani

US dollarsThe 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 dollar, decreasing foreign forces’ expenses and increase in imports are the main factors triggering the jump in US dollar against the AFN.

The Central Bank has been pumping 50mn US dollars into the market since many years to help keep the value of the dollar stable between 48-51AFN. However, recently, the dollar has been at its recent record high against the AFN in the past week.

While the Central Bank is able to supply dollars to the market, they want the demand and supply structure to bring balance into the marketplace instead.



Related Articles

Police seals illegal diesel factory in Herat

A diesel factory on the Islam Qala highway of Herat has been discovered and sealed by Herat police for running

Afghan, India Trade Volume Up By 43%

The trade volume between Afghanistan and India has reached over one billion dollars, showing a 43% increase. This was stated

Afghanistan exports increase by 40% in the first quarter-ACCI

According to the Afghanistan Chamber of Commerce and Industries (ACCI), Afghanistan’s exports have shown an increase of 40% in the

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.