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Afghani lowest against dollar since 2001

14 May 2018 1TV News

Afghanistan's currency fell to its lowest value against the US dollar since 2001 on Monday.

One dollar was sold for 71.10 afghanis during the day, which is the lowest since January 2001 when one dollar was sold for 76.96 afghanis.

Amin Jan Khosti, a member of Afghanistan Money Dealers Union, said that insecurity and political instability are main reasons behind fall in the value of afghani.

He also blamed “weakness in central bank’s management” for the problem.

This comes as the central bank has decreased the level of selling dollars in the country’s markets.

With the fall in the value of afghani, prices of food items, especially rice, flour and oil have increased.

The central bank declined to make comment on the matter.

Original Link: http://www.1tvnews.af/en/news/afghanistan/34480-afghani-lowest-against-dollar-since-2001

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