In the last month, the price of one American dollar has increased by five to six Afghanis.
Since Afghanistan imports most of the goods it needs from other countries, the fluctuations of the Afghan currency against other currencies always has a negative effect on prices.
A number of shopkeepers said that the fluctuations of the Afghani against other currencies are detrimental to their business.
Gulbaz Khan, a shopkeeper, said about the rise and fall of the value of the Afghani against the US dollar: "The prices have been very high for almost three or four days. The price of a bag of flour increased by 100 to 110 Afghanis and also it affected our work.”
"Our demand from the government is to work and make efforts to stabilize the value of dollars because the people of Afghanistan are faced with economic challenges,” said Gul Rahman, another shopkeeper.
Currently, one American dollar is traded up for to 75 Afghani, while one month ago one dollar was traded at 69 Afghani.
Da Afghanistan Bank (DAB) has pledged that this bank monitors the market situation and also has enough facilities to meet the currency needs of the market.
Hasibullah Noori, the spokesman of DAB, told TOLOnews: “Da Afghanistan Bank is monitoring the situation very carefully and also has enough facilities to meet the currency needs of the market. For a better management of the market, DAB will take the necessary measures. So our compatriots should not be worried about it.”
Zabihullah Mujahid, the spokesman of the Islamic Emirate, said: “Afghanistan's monetary policies proceed with a good plan. In this regard, DAB is always in dialogue with analysts, and this up and down does not have much effect."
Meanwhile, a number of economic analysts believe that the Islamic Emirate should supply more dollars in the country's markets in order to stabilize the value of the Afghani against other currencies.
"In general, if due to the strength of the value of the Afghani currency, we can increase domestic production, increase our exports and continue to attract foreign investment, then we can better control the value of the Afghani currency against other currencies," said Seyar Quraishi, economic analyst.
Earlier, Da Afghanistan Bank said that the Afghani has increased by 26.4% in 2023 compared to 2022.