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US dollar drops against Afghani

in Afghan Business

US dollar drops against Afghani

After several weeks, Afghani picks up value against the dollar.

According to the moneyexchangers in Sarai Shahzada, 1 USD was equivalent to 51 AFN today.

Some analysts link the fall in the dollar value to the amounts of dollars pumped into the economy by the Central Bank of Afghanistan.

The Afghani plummeted against the dollar for several weeks in a row.

Afghan officials had cited the depreciation in the Afghan currency to the false rumors about Afghani drowning after 2014, when many foreign troops are scheduled to withdraw from Afghanistan.

In addition, capital flight has been a key factor behind the fall of the currency.

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