The Union of Money Exchangers of Sarai Shahzada said that the recent fluctuations of Afghan currency against foreign currencies have occurred due to the ban on the use of Pakistani rupees in the eastern parts of the country.
These fluctuations have created concerns among investors and businessmen in the country.
The value of the US dollar dropped against Afghan currency from 88 Afghani to 72 Afghani in the last month. But in the last five days, one US dollar became equal to 81 Afghani.
“Sometimes there are fluctuations against any currency, including the Afghani. The Afghani is one of the monetary units that has maintained its stability well.
We do not see any particular problem or cause in this regard, and my request to the people is not to make a mistake and not to spend their Afghan money,” said Abdul Rahman Zerak, a spokesman for the Union of Money Exchangers of Sarai Shahzada.
Meanwhile, the Chamber of Commerce and Investment said that efforts to maintain Afghan stability against foreign currencies are ongoing with the coordination of the country's central bank.
“Any currency in the world that fluctuates up and down is a negative for trade,” said Khan Mohammad Sarfraz, an official of the Chamber of Commerce and Investment.
Some economic experts said it is possible that large sum money exchange investors in Pakistan, Iran, and Afghanistan are involved in creating exchange rate fluctuations, and they said that the purpose of these fluctuations is to get more profit.
“(They are) emptying the pockets of small money changers and medium money changers by means of big money changers who take the money from them - and when they get it, they slowly increase the value of the dollar to the first point and even higher,” said Sayed Masoud, an economist.
Due to these fluctuations, the citizens of the country asked the municipalities to seriously manage the price of groceries in the markets.
Meanwhile, the Central Bank of Afghanistan auctioned sixteen million US dollars on Tuesday to maintain Afghan stability.