KABUL (SW): Da Afghanistan Bank (DAB) has noted that the value of local currency (afghani) against foreign currencies improved by 2.5 percent this year.
Khalil Sediq, Director of DAB, said on Saturday that the afghani had lost 17 percent of its value to foreign currencies in the previous year, but a 2.5 percent increase in its value is seen this year. He added the efforts to keep the currency stable proved successful. “This year, a surge of 400 million dollars was seen in the foreign exchange reserves, and De Afghanistan Bank obtained 43 billion afghanis by selling government bonds”, added Sediq.
According to the DAB director, the inflation rate remains at 4.6 percent. He predicted a successful year ahead for the country’s economy.
According to the officials at the central bank, the country's net foreign exchange reserves are worth 6.9 billion dollars while the value of gross domestic reserves has reached $ 7.4 billion dollars.
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