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Afghan Currency Losing Value Against Dollar; Kabul Residents Face Problems With Price Rise

Mount Equity Group Tokyo, Japan > News > Markets > Afghan Currency Losing Value Against Dollar; Kabul Residents Face Problems With Price Rise

New Delhi: Kabul residents have complained about the rise in prices of goods as the value of the Afghani has fallen against the dollar in recent days, Tolo News reported. The dropping in value of Afghanis against the dollar has greatly reduced business in the markets.Also Read – Afghanistan to Hold ‘First Polio Inoculation Drive’ From November 8 Since Taliban Takeover

According to the money exchangers, recently, the smuggling of dollars has also caused problems in the markets. Currently, one dollar is exchanged for about 90 Afghanis in the Kabul market. Also Read – International Flights: Airline Suspends Flights From Kabul Citing Taliban Interference. Details Here

Kabul residents urged Afghanistan’s central bank to take steps to control the currency markets and to pave the way for more robust business. “It’s problematic when the value of the dollar rises in the currency markets, then the price of the goods…

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