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US Freezes Billions in Afghanistan Assets As Taliban Take Over
According to The Washington Post, the Biden administration froze Afghan government reserves held in US bank accounts on Sunday, blocking the Taliban from accessing billions of dollars. Banks in Afghanistan are currently shut down, and Afghani currency has dropped to
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Social Media Activists in Nangarhar Campaign Against Use of Pakistani Rupees
The residents of Nangarhar, particularly social media activists, have started campaigns against use of Pakistani rupees in the province. Bordering with Pakistan, Nangarhar province commonly uses Pakistani currency which has had an adverse effect on the value of Afghani. The
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Khost Bans Use of Pakistani Currency
Dozens of youths staged a rally in southeastern Khost province calling for ban on use of Pakistani currency in the province. This comes as the Afghan government is struggling to increase circulation of Afghani currency across the country as some
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Afghani drops against foreign currencies
The value of the Afghani currency continues to drop against foreign currencies amidst the ongoing political tension in the country. Afghanistan’s central bank, Da Afghanistan Bank (DAB), has injected over USD 2.2 billion into the country’s market to prevent the
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Afghans turning to US dollar for major business deals
The use of US dollar is becoming more prevalent among Afghan businessmen as Afghani currency remains unstable. Local businessmen find US dollar a more stable currency and use it in major deals including car deals, house purchases and land transactions.
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Ban on Pakistani currency proves to be a success in Kandahar
Kandahar has witnessed the lowest usage of Pakistani Rupee in the past few weeks following the imposition of a ban on the foreign currency. A staunch campaign against Pakistani currency was launched throughout the province to help boost the value
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Young Afghans launch campaigns to ban Pakistani currency in Paktia province
Dozens of young Afghan men have launched campaigns against Pakistani currency which is used in most transactions in eastern and southeastern provinces. The campaigners are raising awareness about disadvantages of using foreign countries inside Afghanistan and they chant slogans like
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Food prices go down in Kabul following rise in Afghani currency value
Prices of certain food items have decreased as the Afghani currency appreciated against two foreign currencies during the outgoing week: US dollar and Pakistani Rupees. Items Prices before Current prices 49-kg bag of Pakistani sugar 2,500 AFN 2,460 AFN 16-liter
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How a General helped increase value of Afghani currency against US dollar
Sarai Shahzada, Afghanistan’s largest money exchange market in capital Kabul, witnessed a drastic decline in US dollar value against the Afghani today. The Afghani currency was lingering at close to 70 AFN against the US dollar for months. Today, the
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Central bank injects $300mn to stabilize Afghani currency
The central bank, Da Afghanistan Bank (DAB), has announced to inject USD 200-USD 300 million into the market in a couple of weeks in a bid stabilize the Afghani currency. This comes as Afghani is continuing to lose its value
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Afghan Central Bank sells USD 12mn
The Afghan Central Bank, Da Afghanistan Bank (DAB), has announced to sell USD 12mn on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank
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Afghan central bank sells USD 25mn
Da Afghanistan Bank (DAB), Afghanistan’s central bank, has announced to put on sale USD 25mn on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the
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Afghan government continues to pump US dollar into market
Da Afghanistan Bank, Afghanistan’s central bank, plans to continue injecting US dollar into the market in a bid to control the rising value of US dollar against Afghani. “As per our new policy, we plan to sell US dollar three
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Afghani losing its value, commodity rates on the rise
The Afghani currency has been in free fall in the past four months, losing its value by 13% against the US dollars and 9% against the Pakistani Rupees. According to Pajhwok Afghan News (PAN), the rates of food items and
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Afghan Central Bank puts on sale USD 25mn
Afghanistan’s central bank, Da Afghanistan Bank (DAB), put USD 25mn on sale on Tuesday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to participate
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Afghani dips down against the US dollar
Afghani currency has declined against the US dollar and has sparked concerns among the masses over the future of the Afghan economy that is struggling to stand on its feet since the withdrawal of the foreign troops. In the Sarai Shahzada
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Afghan central bank to pump $850mn into the economy
Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), plans to pump USD85mn into the local economy in a bid to stabilize the national currency and assist the banking sector. DAB’s acting governor Khan Afzal Hudawal said the funds for capital injection
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Over 193mn Afghani worth of bank notes deteriorating
Officials from Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), said over 193mn Afghani worth of bank notes are deteriorating before their shelf-life. Afghani paper money is supposed to have a shelf-life of three years, but a large amount of the
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Afghani currency picks up after NUG announces cabinet nominees
The value of Afghani currency increased immediately against the US dollar after the National Unity Government (NUG) announced its cabinet nominees. Even after the end of the elections the Afghani currency failed to gain momentum. The delay in formation of
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Afghani dips against US dollar
Afghani currency has continued to dip against the US dollar, currently standing at 58.10 AFN. The depreciation of the currency is due to recent instability in the country. The capital Kabul has witnessed several brutal attacks recently. Last week, a
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The unstable Afghani currency
As the elections deadlock ended, there were glimpses of hope that Afghani currency would appreciate in value against the US dollar. Only a few days after the formation of the new government, the Afghani currency continued to go down. The
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Afghani spurs against US dollar
Afghani has started to gain value against the US dollar as Afghanistan’s political situation seems to be straightening out. The end to the election deadlock had a quick impact on the value of the Afghani to pick up against foreign
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Afghani goes up against US dollar
The value of the Afghani currency has picked up pace after months of considerable decline. The uncertain political situation and the prolonged elections process had hit Afghani hard as investors were hesitant to bring in capital in the country. Other
Read MorePakistani 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
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Decline in petrol, sugar prices in Kabul market
(Pajhwok Afghan News Weekly Price Report) The prices of petrol, sugar and oil decreased during the outgoing week in the central capital Kabul, retailers said on Thursday. The price of a 50-kilogram bag of Pakistani sugar fell from 1,550 AFN
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