The value of Afghan currency against other foreign currencies, especially the dollar, has slightly increased compared to last week.
In accordance to the Economic Reports of Middle East Press, the exchange rates in Kabul Markets today, Saturday, July 27, show that the Afghan currency has raised an amount of AFN 0.2 against other foreign currencies compared to last week.
Last week, the value of $ 1 was AFN 80 but it has declined to 79.80 AFN
Meanwhile, in recent weeks, Central Bank of Afghanistan (CBA) has sold USD to Kabul markets.
The AFN exchange rate to other foreign currencies are as follows:
One dollar equals to 79.80 AFN
One Euro equals to 89 AFN
One UK Pound equals to 98.20 AFN
One Saudi Rial equals to 21.20 AFN
One UAE Dirham equals to 21.65 AFN
One thousand Iranian Rial equal to 6.85 AFN
One thousand Indian Rupees equal to 1170 AFN
One thousand Pakistani Rupees equal to 503 AFN
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 of Afghanistan CBA has recently announced an increase in the country’s monetary reserves, and because of its false monetary policy, there is no effective monetary stability.