Tag "Afghani"
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Afghanistan’s Central Bank to sell USD 40mn
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has announced to sell USD 40mn on Saturday, 29 August 2015. DAB has requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee
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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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Price of Afghani and gold declines, flour and rice goes up
Price of gold and Afghani currency went down during the outgoing week in Kabul city. Abdul Basir, a jeweler in the Lycee-i-Maryam neighborhood, said the price of one gram of gold fell from 2,200 AFN to 2,150 AFN; and price
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Iran sanctions hurting Afghanistan’s economy
Afghanistan is repeatedly pinched as the west tightens its sanctions against Iran. Afghani currency has dropped to its lowest value against the dollar in the span of only a few weeks. The reason is linked to the high demand for
Read MoreFinancial Transactions to be done in local currency- Afghanistan Central Bank
As part of the measures taken to stabilize afghani currency, the Central Bank of Afghanistan announced that all financial transaction would be done in the local currency. Private-sector financial institutions urged private-sector financial institutions to refrain from investment outside of
Read MoreBoycott against Pakistan's Currency in Paktika
Businessmen and shopkeepers in southeastern Paktika province on Tuesday promised a boycott of the Pakistani currency that was causing them losses. According to the shopkeepers’ association head Gulzada, the Pakistani rupee and the US dollar were the key reason behind
Read MoreBoycott against Pakistan’s Currency in Paktika
Businessmen and shopkeepers in southeastern Paktika province on Tuesday promised a boycott of the Pakistani currency that was causing them losses. According to the shopkeepers’ association head Gulzada, the Pakistani rupee and the US dollar were the key reason behind
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