Afghani Strengthens Against Dollar; Calls for Price Controls Rise

The Afghanistan Central Bank has announced that the value of the Afghani against foreign currencies, particularly the US dollar, has increased compared to last week, reaching about 62 Afghanis per dollar. This figure comes after last week when the dollar was trading close to 65 Afghanis in the country’s markets.

According to the newly released rates from the bank, the Afghani showed an upward trend in the country’s financial markets on Sunday and experienced greater stability against foreign currencies. The Afghanistan Central Bank is responsible for regulating monetary policy and overseeing the currency market in the country.

Meanwhile, some residents have welcomed the strengthening of the Afghani and have called on the Taliban administration to enforce stricter oversight of the markets so that the drop in the dollar rate leads to a corresponding decrease in the prices of essential goods. They argue that in similar past instances, a decline in currency rates has not necessarily resulted in lower prices of raw materials and food items in the markets.

Some economic analysts attribute the rise in the Afghani’s value to the Taliban administration’s increased supervision of monetary markets. However, experts emphasize that sustaining this trend requires transparent economic policies and consistent management to prevent sudden fluctuations and their negative impact on people’s livelihoods.