12/3/2022 0 Comments Afghan currency rates#AFGHAN CURRENCY RATES FREE#In the bedlam of the Herat Money Exchange market, traders frantically check the ever-changing currency rate on their mobile phones as they jostle through the crowd shouting out prices and waving wads of cash.Ī taser-wielding guard keeps the entrance free from the crush, the sound of its sharp clicks enough to send money changers scurrying past into the exchange. "I'm not selling because people have no money. "My business has fallen to zero," he said. Shopkeeper Jafar Agha said the price of a large container of cooking oil was about 700 afghanis three months ago (roughly $8 at the time), but now costs about 1,800 afghanis (around $18). A combination of the coronavirus pandemic, a severe drought and the Taliban takeover have left many without jobs, and the currency's sliding value has been pushing up food prices. "We do understand the concerns of the international community but there are mechanisms (that) can help to manage the crisis and to assist the Afghan people."Īccording to the United Nations' World Food Program, 22.8 million of Afghanistan's 38 million people already face acute food insecurity, and malnutrition in the country is increasing. "The development agencies, donors, the international community, the U.S., all these should help in this crisis," he said. #AFGHAN CURRENCY RATES FULL#Khan Afzal Hadawal, former acting governor of Afghanistan's central bank, said that the sanctions on the Taliban and the freezing of Afghanistan's reserve funds "have put the country's aid-dependent economy on the verge of full economic collapse, leading to historic depreciation of currency," With rent to pay on his shop and home expenses, he worries he can no longer make ends meet. "Since this morning I haven't had a single customer," he said. "People have no money and the prices have gone up," said Sayed Umid, a 28-year-old shopkeeper selling basic food items such as rice, beans and pulses in a main shopping street in the western Afghan city of Herat. Since then, international envoys have warned of a looming economic meltdown and humanitarian catastrophe. 23 from the International Monetary Fund, but the IMF blocked the release because of a "lack of clarity" about the country's new rulers. Afghanistan was also slated to access about $450 million on Aug.
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