The Central Bank of Afghanistan reports that in the first six months of the current solar year, the value of the Afghani has increased by three percent against foreign currencies, especially the dollar.
Haseebullah Noori, the spokesperson for the bank, emphasized that the Central Bank has been able to increase the value of the Afghani against other currencies by implementing better monetary policies and preventing the smuggling of dollars out of the country.
The Central Bank’s spokesperson said: “In the past six months and the past year, the Central Bank of Afghanistan has successfully maintained the value of the Afghani. Our data shows that in the past year, the value of the Afghani has increased by 17.25 percent against foreign currencies, and in the past six months, it has risen by three percent.”
The Kabul Sarai Shahzada Exchange Union states that the implementation of infrastructure projects, the expansion of political interactions, and the increased demand for the Afghani are among the factors that have influenced the rise in the Afghani’s value against foreign currencies.
Bahram Khan Zadran, the head of the Kabul Sarai Shahzada Exchange Union, said: “In Sarai Shahzada and in all currency markets, the demand for the Afghani is higher. Globally, Afghans who are abroad have transferred their capital to Afghanistan, purchased property, and invested. These factors have had a significant impact on the value of the Afghani.”
Mohammad Tahir Qayumi, a money exchanger, said: “Every year around this time, fresh fruit exports from Afghanistan take place, and the Afghani is stronger during this period.”
Meanwhile, several economic experts say that the increase in the value of the Afghani against other currencies also contributes to the country’s economic growth and development.
Abdul Nasir Rashtia, an economic expert, said: “The more the Afghani appreciates in value, the more we can sell goods at lower prices in the market, which can positively impact reducing prices.”
Statistics from the Central Bank of Afghanistan indicate that the value of the Afghani in Asad (solar calendar) of the current solar year has increased by 17.25 percent compared to Asad of the previous year.