The trend of the depreciation of the Afghan currency against other foreign currencies, including the dollar, is continuing, and no fundamental strategy has been taken to control it.
According to the Middle East Press Economic News; based on the latest exchange rate in Kabul markets, $1 is exchanged for 77.85 Afghanis.
Meanwhile, during the last month, the Afghan currency rate is falling against other foreign currencies every day, while over the last month $1 was equal to 75.60 Afghanis.
The AFN exchange rate to other foreign currencies is as follows:
One dollar equals to 77.85 Afghanis
One Euro equals to 87.70 Afghanis
One UK Pound equals to 101 Afghanis.
One Saudi Rial equals to 20.55 Afghanis
One UAE Dirham equals to 21 Afghanis
One thousand Iranian Rial equal to 5.70 Afghanis
One thousand Indian Rupees equal to 1110 Afghanis
One thousand Pakistani Rupees equal to 535 Afghanis
According to the Kabul currency exchange markets, the rate of Afghani and other foreign currencies are changing momently.
The AFN exchange rate is falling while the Central Bank has recently announced an increase in the country’s monetary reserves, and because of false monetary policy, there is no effective monetary stability.