Afghan Afghani Gains 13% Against US Dollar, Says Central Bank
Afghanistan’s Central Bank announced that the value of the Afghani increased by 13.1% against the US dollar in the month of Dalwa (January-February) compared to the same period last year. The institution claims that by implementing monetary policies, it has been able to prevent severe fluctuations in the foreign exchange market and maintain relative stability.
According to the bank, these measures have helped preserve the Afghani’s value against foreign currencies. The Central Bank added that it has the necessary tools at its disposal and will use them if needed to prevent further instability in the currency market.
Hasibullah Noori, the spokesperson for the Central Bank, stated that the Afghani is more stable compared to many regional currencies and its use in trade transactions has increased. He emphasized that public confidence in the national currency is on the rise.
However, Afghanistan’s economy has experienced unprecedented fluctuations in recent years. Following political developments and the Taliban’s takeover of the country, the Afghani’s value sharply declined, with the price of one US dollar reaching nearly 124 Afghanis in Asad 1400 (July-August 2021); a figure considered one of the most severe depreciations of the national currency in the country’s contemporary history.
Economic experts consistently emphasize that sustainable stability of a national currency depends on a transparent financial system, access to foreign exchange reserves, international banking relations, and public trust — factors that Afghanistan currently faces serious challenges with and that require accountable management and clear economic policies.
