The value of the Afghan currency against foreign currencies was almost constant over the past week, and no action has been taken to increase it by the Central Bank.
According to the economic reports of Middle East Press, after a week-long holiday for Loya Jirga in Kabul, the value of the Afghan currency faced much downturn.
The value of USD reached to 78 AFN in Kabul markets and today (Saturday, May 11) it is equal to 78.15 AFN the same as last week.
However, before the holidays of Loya Jirga $1 was equal to 77.60 AFN.
The AFN exchange rate to other foreign currencies are as follows:
One dollar equals to 78.15 Afghanis
One Euro equals to 87.50 Afghanis
One UK Pound equals to 100.50 Afghanis.
One Saudi Rial equals to 20.65 Afghanis
One UAE Dirham equals to 21.20 Afghanis
One thousand Iranian Rial equal to 5.30 Afghanis
One thousand Indian Rupees equal to 1100 Afghanis
One thousand Pakistani Rupees equal to 546 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.