AFN is declining against USD
The value of the Afghan currency is falling against other foreign currencies compared to last week.
According to Economic Reports of Middle East Press; the Value of Afghan currency has declined against other currencies up to AFN 0.5 in Kabul Markets.
Last week, $1 was equal to AFN 79.60 but today is AFN 80.15.
Meanwhile, in recent weeks, the Central Bank has been spreading twice USD in Kabul markets.
The AFN exchange rate to other foreign currencies are as follows:
One dollar equals to 80.15 Afghanis
One Euro equals to 89.70 Afghanis
One UK Pound equals to 100 Afghanis.
One Saudi Rial equals to 21.25 Afghanis
One UAE Dirham equals to 21.70 Afghanis
One thousand Iranian Rial equal to 6 Afghanis
One thousand Indian Rupees equal to 1140 Afghanis
One thousand Pakistani Rupees equal to 526 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.
