As the Ramadan comes, the USD rate is rising against the AFN.
According to economic reports of Middle East Press, A week-long holiday announced on the occasion of the Peace Loya Jirga in Kabul has decreased the rate of AFN against other currencies, especially USD.
After that week-long holiday, the value of $1 became 78 AFN and today (Tuesday, May 07) is AFN 78.15.
Meanwhile, before Peace Jirga Holiday $1 was for 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 87.30 Afghanis
One UK Pound equals to 101.20 Afghanis.
One Saudi Rial equals to 20.65 Afghanis
One UAE Dirham equals to 21.10 Afghanis
One thousand Iranian Rial equal to 5.30 Afghanis
One thousand Indian Rupees equal to 1120 Afghanis
One thousand Pakistani Rupees equal to 545 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.