“Investment and start of work on some national and international projects, prevention of foreign currencies trafficking and increase of exports of the country’s domestic products have caused the country’s currency to keep its value stable against the currency of the other countries.”
Acting Minister of Foreign Affairs of the Islamic Emirate of Afghanistan (IEA) has said that the country’s national currency has remained stable against the regional countries’ currencies in the past one year. Speaking in a meeting held late last week at the MoFA, acting Minister of Foreign Affairs Mawlavi Amir Khan Muttaqi said that the other countries’ currencies have lost their value against the U.S. dollar, while Afghanistan’s currency has kept its value and has been stable against foreign currencies, particularly U.S. dollar and its value has increased in the past few months. “It is a considerable achievement for the Islamic Emirate of Afghanistan that the country’s currency has kept its value against foreign countries’ currencies despite imposed sanctions on the country’s banking system and fro zen of the country’s foreign assets, Muttaqi said. Pointing to the economic situation of Afghanistan, Afghan economists say that due to imposed sanctions, the country’s economic situation is not good, adding that fortunately with necessary efforts and transparent management and collection of the country’s revenues, the country’s currency has remained stable against foreign currencies. “With continued efforts of the country’s central bank and cash assistance of the International Community, the country’s national currency has kept its value against other countries’ currencies particularly, the U.S. dollar in the regional level,” said Quraishi, an Afghan expert. Meanwhile, the country’s central bank says that due to better implementation of monetary policy, the increase of the country’s commodities exports and the launching of some major economic and development projects in the country, the national currency’s value has increased in the past few months. “Investment and start of work on some national and international projects, prevention of foreign currencies trafficking and increase of exports of the country’s domestic products have caused the country’s currency to keep its value stable against the currency of the other countries.” However, there are some reports about the trafficking of foreign currencies to neighboring countries, but the Islamic Emirate (IEA) has always prevented the illegal transferring of foreign currencies to the neighboring countries particularly to Iran and Pakistan. On the other hand, money exchangers in Sarai Shahzada say the country’s central bank should inject dollars into the markets to keep the ‘Afghani’ stable. “Necessary measures should be taken by the country’s central bank in all provinces to prevent from the use of foreign currencies, particularly Pakistani ‘rupee’ and Iranian ‘riyal’. According to a number of Afghan citizens, currencies of the neighboring countries particularly the Pakistani ‘rupee’ and Iranian ‘Toman’ are used in routine businesses; therefore, it will be good if necessary measures are taken by the country’s central bank to prevent from the use of foreign currencies across the country especially the western and eastern provinces of the country. It is worth mentioning that the IEA has already asked people and businessmen not to use foreign currencies in all transactions. Shukria Kohistani
