HERAT: The value of Afghanistan’s currency is tumbling, exacerbating an already severe economic crisis and deepening poverty in a country where more than half the population already doesn’t have enough to eat, AP reported. The afghani lost more than 11 per cent of its value against the US dollar in the space of a day earlier this … Read more
KABUL: Afghanistan’s currency hit 100 to the US dollar on Tuesday, losing 5 per cent of its value in a day in a panic triggered by fears that one of the country’s biggest banks could collapse, traders said. Afghanistan has been hit by an enormous shortage of dollars since the Taliban marched into Kabul and … Read more
KABUL – Afghanistan’s Taliban government announced a ban on the use of foreign currencies on Tuesday, threatening further disruption to an already ailing economy. Since the Taliban seized power in mid-August, the national currency the Afghani has depreciated and the country’s reserves are frozen abroad. With the economy teetering banks are running short of cash … Read more
