Afghanistan’s central bank says the value of the Afghani has risen 21% against foreign currencies over the past four years, maintaining notable stability against the US dollar. Spokesman Hasibullah Noori said the bank is working to strengthen the currency, expand the banking sector, and boost financial support to sustain economic stability. Over the past year alone, the Afghani has recorded a modest 0.79% gain, signalling resilience in the national economy.
The country now conducts transactions with around 200 banks worldwide, with plans to increase that number to help businesses trade more easily on the global market. Economists believe expanding relationships with international banks could help remove the financial barriers that have hindered operations in recent years.
However, local businesses continue to voice concerns over service gaps in the private banking sector. Traders report that funds deposited in private banks can be held for months, causing serious operational delays. They urge the government to work with private banks to ensure faster, more reliable access to deposits.
Analysts note that the Afghani’s stability is partly supported by humanitarian aid inflows, controlled foreign currency sales, and reduced imports but warn that unemployment, poverty, and food insecurity remain significant challenges for the country’s long-term economic health.
+ There are no comments
Add yours