RASC News Agency: In response to the recent surge in the value of the US dollar against the Kabuli rupees, Afghanistan’s current currency, the central bank, now under the Taliban group’s administration, announced plans to inject $17 million into the market on Wednesday. The latest updates from the central foreign exchange market in Shahzada Market, Kabul, reveal that as of today, Monday, January 29th, one US dollar will be exchanged for 75 Kabuli rupees, Afghanistan’s current currency.
The central bank, managed by the Taliban group, released a statement on its website, setting the selling rate for the US dollar at 74.8633 Kabuli rupees and the buying rate at 74.6633 Kabuli rupees. According to the central bank’s announcement, it will conduct an auction on Wednesday, January 31st, to sell $17 million, aiming to address the market’s currency needs. The central bank, under the Taliban group’s administration, views fluctuations in exchange rates as a typical market occurrence. It reassures that it closely monitors market conditions and possesses ample resources to meet currency demands.
It’s noteworthy that at the beginning of this week, the exchange rate for the US dollar stood at 73 Kabuli rupees. However, by the end of the previous month, it had dropped to a record low of 66 Kabuli rupees. This fluctuation directly impacts people’s purchasing power and leads to increased prices of imported goods, as they are procured using dollars.
