![]() ![]() "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. The consequences have been dire for a country heavily dependent on foreign aid. But the market remains volatile, and the devaluation is already impacting Afghans.Īfghanistan's economy was already troubled when the international community froze billions of dollars' worth of Afghanistan's assets abroad and stopped all international funding to the country after the Taliban assumed power in mid-August amid a chaotic U.S. dollar in the space of a day earlier this week, before recouping somewhat. The afghani lost more than 11% of its value against the U.S. HERAT, Afghanistan (AP) - 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. An Afghan money changer holds a stack of Iranian currency at Khorasan market in Herat, Afghanistan, The value of Afghanistan's currency is tumbling, exacerbating an already severe economic crisis. ![]()
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