Image Source : AP Representational Photo
After Sri Lanka and neighboring Pakistan, now there are signs of earthquake in the economy of Taliban-ruled Afghanistan. The Afghan currency has been depreciating against the US dollar for the past several months. The Taliban are not getting any idea from this. By the way, most of the money of terrorism is invested in the economy of Afghanistan. That’s why the economy of Afghanistan has started to falter.
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has sold 14 million dollars through auction on Sunday to stabilize the exchange rate of the national currency Afghani in view of the dangers of the declining economy. The bank issued a statement on Sunday giving this information. The local currency, the afghani, has been faltering against foreign currencies, especially the US dollar, in the past few months, Xinhua news agency reported.
Afghan currency fell this week as well
The decline in the Afghani currency is not taking its name. The declining trend going on for the last several months was seen this week as well. Currently, the exchange rate for one US dollar has increased from 86 afghani last week to 87.15 afghani on Sunday. Afghanistan’s central bank has pumped millions of US dollars into the money-exchange market over the past month to stem the fall of the country’s currency. Afghanistan has received more than $2 billion in cash over the past 18 months as part of humanitarian aid from the international community to prevent economic collapse of the cash-strapped country.
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