NUAWE concerned over surging inflation, devaluation of afn

23/11/2015

KABUL(SW): Expressing grave concerns over surging rates of the U.S. dollar, the National Union of Afghanistan’s Workers and Employee (NUAWE) has urged the government to take measures against its inflation amid stagnate salaries.

The devaluation of the Afghani (afn) has inevitably raised the prices of imported items, particularly food items, electricity and petroleum products.

NUAWE warned on Monday that if situation remained as it is, the poor working class would face serious challenges.

Maroof Qaderi, President NUAWE told a press conference here it was the government’s responsibility to ensure prices of the essential items remain within the reach of the citizen.

Officials at the state-owned central bank, Da Afghanistan Bank however, assert that afn is not the only currency witnessing decline in its value against the surging dollar.

 According to Khalil Siddique, Governor DAB, exit of the foreign troops, insecurity and decline in the gross domestic product were also causing the devaluation of the local currency.   

President NUAWE demanded the government to work on a comprehensive strategy in a bid to create jobs and bring positive changes to the economy.

Qaderi also expressed fear over the return of Afghan migrants from European countries. He said it would put pressure on the job market and would also cause lawlessness and insecurity.

Afghanistan heavily relies on imports hence surge in the value of dollar leaves profound impacts on the economy.

ENDS

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