Over the past week, the exchange rate of the Afghan currency has fallen intensely against other foreign currencies, especially the dollar.
The USDAFN has increased by more than 1 AFN since last week and the process is still rising, Middle East Reported.
Based on the currency exchanges in Kabul markets, today (Sunday, April 07), $1 equals to 76.80 AFs while it was 75.60 AFs for last week.
This process is launched since the New Solar Year and AFN rate is decreasing.
The AFN exchange rate to other foreign currencies is as follows:
One dollar equals to 76.80 Afghanis
One Euro equals to 86 Afghanis
One UK Pound equals to 99.20 Afghanis.
One Saudi Rial equals to 20.40 Afghanis
One UAE Dirham equals to 20.85 Afghanis
One thousand Iranian Rial equal to 5.75 Afghanis
One thousand Indian Rupees equal to 1090 Afghanis
One thousand Pakistani Rupees equal to 532 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.