RASC News Agency: Concerns have been raised by entrepreneurs and residents in Farah province, situated in western Afghanistan, regarding the prevalence of deteriorated currency in the local markets. Abdullah Rahimi, a native businessman from Farah province, conveyed to RASC news on Sunday, December 24th, that the existence of worn-out currency has yielded adverse effects, particularly impacting various segments of society, notably the business community. He further pointed out that a substantial portion of people’s and businessmen’s available paper currency is currently in a worn-out state, prompting significant concerns.
Rahimi emphasized that unless high-ranking Taliban officials propose a solution for the retrieval and replacement of these deteriorated notes, it could escalate into a considerable societal catastrophe. Meanwhile, Mahmmoud Ehsani, a resident of Farah province, disclosed to RASC that a majority of the worn-out currency is in the hands of the public, and numerous market vendors are reluctant to accept such money. Ehsani mentioned that individuals have approached Taliban representatives in an attempt to address this issue, but they have not received a satisfactory response.
He expressed, “Numerous individuals have exerted considerable efforts to acquire this currency, and if the worn-out notes are not exchangeable, grievances among the public will intensify.” Conversely, Osman Khalili, a currency exchange dealer in Farah province, informed RASC that the prevalence of deteriorated currency stems from the previous government, causing numerous predicaments for the populace. He stated that on several occasions, a group of currency exchange dealers discussed the issue of worn-out currency with Taliban authorities at the “Da Afghanistan Bank,” underscoring the necessity of tackling this problem. However, no substantial action has been taken thus far.
Khalili elucidated that worn-out money is held across all societal segments, and transactions involving such currency will only exacerbate existing problems. It is noteworthy that the circulation of deteriorated currency within Afghanistan’s economy has evolved into a significant concern, with both banks and the business community steadfastly refraining from accepting these notes.
