Following the suspension of the United States financial aid to Afghanistan and the rising value of the dollar against the Afghani, the Islamic Emirate claims to have managed to stabilize the value of the currency through rational policies and actions.
Zabihullah Mujahid, spokesperson for the Islamic Emirate, reassures citizens that the value of the afghani will not decrease. He says, “All organizations of the Islamic Emirate are working on this matter and have identified the causes of the issue. The people of Afghanistan can be confident that their currency is stable, and no one can take control of it.”
The Central Bank of Afghanistan also confirms that through measures such as auctioning dollars, preventing money smuggling, and restricting dollar transfers outside the country, it has been able to maintain the value of the afghani.
Hasibullah Noori, spokesperson for the bank, says, “The Central Bank of Afghanistan has implemented sound banking policies and halted money smuggling, which has helped maintain the value of the afghani.”
Some economic experts, while acknowledging the Islamic Emirate’s efforts to stabilize the currency, emphasize that more serious and long-term programs are needed to address the issue.
Abdul Nasir Rashtia, an economic expert, explains, “The government should focus all its policies on boosting production, relying on exports and local products, attracting foreign investment, and implementing export-driven policies. Injecting money into the market is only a short-term solution.”
Lately, the Islamic Emirate issued a decree urging citizens to conduct transactions using afghani currency. The decree also stated that individuals traveling abroad may not carry more than $500 through land borders and $5,000 through airports.
