The Union of Money Exchangers of Sarai Shahzada expressed concerns over the trafficking of US banknotes to neighboring countries, saying that this would have a negative impact on the Afghan economy.
The union said that the trafficking of dollars abroad will affect the value of Afghan currency.
“On one side, it affects our economy, and from another side it has a negative impact on the value of Afghan currency in the market. Trafficking dollars out of the country is illegal and it should come under attention,” said Abdul Rahman Zirak, a spokesman for the union.
Economists believe that if the trafficking of dollars abroad is not prevented, the price of the commodities being imported will also rise.
“As Afghanistan is currently facing a shortage, the trafficking of dollars from Afghanistan can have a negative impact on the exchange of currencies and prices inside the country because we are a country relying on imports,” said Meer Shikib, an economist.
“The Afghan economy mostly relies on imports which means that it affects both the entrepreneur and customers,” said Seyar Qureshi, an economist.
The Ministry of Economy pledged to take steps to prevent the trafficking of dollars overseas.
“The trafficking of dollars abroad has a negative economic message; therefore, the Islamic Emirate is attempting to pay attention and monitor this to prevent the trafficking of currencies abroad,” said Abdul Latif Nazari, Deputy Minister of Economy.
Earlier, the officials of the Islamic Emirate claimed it had prevented the trafficking of dollars out of the country.
TOLOnews’ unsuccessfully attempted to obtain comments from Da Afghanistan Bank about the issue.
Comment this post