The Afghani strengthened against the US dollar in the Kabul market.
Publish dateMonday 28 August 2023 - 11:46
Story Code : 275696
Afghan Voice Agency(AVA)_Monitoring, Some money exchangers in Sarai Shahzada in Kabul said that the reason for the increase is the increased use of the afghani and the increase in exports.
On Sunday, one dollar sold for 81 Afs in Sarai Shahzada, the country’s biggest money market.
"Twice a week, the central bank auctions dollars in the markets. Sales from private banks are also ongoing,” said Faisal Rahman Naseeri, an exchanger.
The Union of Sarai Shahzada Money Exchangers in Kabul said that in order to keep the value of the afghani stable against other currencies, especially the dollar, it is necessary to auction the dollar in the country's markets in a sustainable manner and to prevent the smuggling of dollars outside the country.
“Most of the business is done in Afghani, and the Central Bank of Afghanistan also auctions on the basis of necessity,” said Abdul Rahman Zirak, a spokesman for the Union of Sarai Shahzada Money Exchangers.
Meanwhile, some residents of Kabul said that although the price of the dollar has decreased, there has been no change in the price of some imported items
in the country.
On Sunday, one dollar sold for 81 Afs in Sarai Shahzada, the country’s biggest money market.
"Twice a week, the central bank auctions dollars in the markets. Sales from private banks are also ongoing,” said Faisal Rahman Naseeri, an exchanger.
The Union of Sarai Shahzada Money Exchangers in Kabul said that in order to keep the value of the afghani stable against other currencies, especially the dollar, it is necessary to auction the dollar in the country's markets in a sustainable manner and to prevent the smuggling of dollars outside the country.
“Most of the business is done in Afghani, and the Central Bank of Afghanistan also auctions on the basis of necessity,” said Abdul Rahman Zirak, a spokesman for the Union of Sarai Shahzada Money Exchangers.
Meanwhile, some residents of Kabul said that although the price of the dollar has decreased, there has been no change in the price of some imported items
in the country.
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