Afghani Strengthens Over 11% Against US Dollar in Ten Months
The value of the Afghani has increased by more than 11% against the US dollar over the past ten months. Money exchangers at the Shahzada Exchange in Kabul announced today (February 26) that the buying rate for one dollar has reached 63.20 Afghanis, whereas in the month of Jowzāy (May-June) of this year, it stood at 71.30 Afghanis.
Hamidullah Hamdard, deputy head of the Shahzada Exchange Union in Kabul, stated that the expanded use of the Afghani in domestic trade is one of the main factors behind this trend. According to him, before the Taliban regained control of the country, the Pakistani rupee and Iranian toman were also commonly used in daily transactions in some provinces, but now most trades are conducted using the Afghani.
Money exchangers believe that the increased supply of dollars in the market has also contributed to strengthening the national currency. Hamdard added that with the approach of Ramadan, Afghans living abroad are sending remittances to their families, which has led to a rise in dollar availability in the foreign exchange markets.
Economic experts consistently emphasize that sustainable stability of the national currency requires clear financial and banking policies, transparent management of the foreign exchange market, and public trust—issues that currently pose challenges in Afghanistan’s present circumstances.
