Afghan currency depreciates 33% against US dollar in one year – Pajhwok Afghan News
KABUL (Pajhwok): Today marks the first day of 2022 and 2021 saw the afghani depreciate by more than 33% against the US dollar, as food prices jumped by more than 26% and the automotive fuel by 43%.
With political changes in the country and the freeze of over $ 9 billion in Afghan assets by the United States, the Afghan currency against foreign currencies, especially the US dollar, has depreciated.
Depreciation of the afghani against the USD main challenge this year
Haji Hussein Malik, a stockbroker at Sara-i-Shahzada market in Kabul, told Pajhwok Afghan News that today one US dollar is 103 Afghanis and 1,000 Pakistani rupees is 530afs.
About three weeks ago, one US dollar was exchanged for 131 afghanis, but after central bank intervention and some government decisions, the value of the afghani appreciated again.
According to reports from Pajhwok, one US dollar was equal to 77.20afs and 1,000 Pakistani rupees to 480afs as of that date last year.
43.7% increase in oil prices
An employee of the Ahmadyar group gas station told Pajhwok that he today sold a liter of gasoline to 78afs and a liter of diesel to 71afs.
Mohammad Sharif, a gas seller in the Kulula Pushta area of Kabul, said that today the price of a kilogram of liquefied gas is 82afs.
In the corresponding period of last year, the price of a liter of gasoline was 37afs and that of diesel 38afs. A kilogram of liquefied petroleum gas was sold 55afs last year.
Food prices rise by 35 percent
Zamarai Safi, head of the Union of Food Traders in Kabul, said today (January 1, 2022) the wholesale price of a 49kg bag of Indian sugar was 4,100afs, a box of 16 liters of Malaysian cooking oil 2,750afs, 49kg of Kazakh flour 2,400afs, a 24.5kg bag of Pakistani rice 2,500afs, one kilogram of Indonesian green tea 400afs and the same amount of African black tea 400afs.
At the same time last year, the wholesale price of 49 kg of Kazakh flour was 1,720afs, 49 kg of Indian sugar 2,200afs, 16 liters of Malaysian cooking oil 1.55afs, 24.5 kg of rice Pakistani at 2,400afs and a kilogram of African rice. black tea 340afs and the same amount of Indonesian green tea 320afs.
The reason for the 35 percent increase in food prices from last year is due to the depreciation of the afghani against the US dollar and political and economic developments in the country.
Gold price soars 8.3%
Mohammad Javed, a jeweler at Lycee Maryam Market in Kabul, said he sold one gram of Arab gold for 3,750afs and the same amount of the Russian variety for 3,550afs.
He said he sold a gram of Arab gold for 3,750afs and the same amount of Russian variety for 3,000afs last year.
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