As Afghanistan’s local currency-Afghani- hit the unprecedented highest price against the dollar in the past five months, the Afghani is yet to return to its price and stabilize.
One US dollar is exchanged for 105 Afghani now, the price which was in the 70s before the Taliban takeover.
Afghanistan’s Central Bank-Da Afghanistan Bank- has said that humanitarian aid and in particular the cash can help stabilize the local currency, the money is not given to them though.
Da Afghanistan Bank said that the dollars in cash that are coming to Afghanistan are being distributed to the exchange market in the country.
About the banking system in Afghanistan, the spokesperson of the DAB Saber Mommand said that all private banks in Afghanistan are operational and they are striving to return Afghanistan’s banking system to normal.
Amid the complaints of people in Afghanistan over ATM machines still being inactive, Saber Momand said that the machines have been activated.
Depreciation of local currency of Afghanistan against dollar is a matter of grave concern as it rises the prices of everything in the country that contributes to poverty and starvation even in large cities.