Central Bank of Afghanistan announced measures to strengthen the course of Afghan national currency in relation to the US dollar. One of them was negotiations with the participants of the gray exchange market, the so-called change, reports Interfax.
Also, a regulator to maintain a course of its currency decided to agree on joint policies with representatives of commercial banks and merchants. According to the current leadership of the Central Bank, the general efforts of the devaluation of Afghani can be kept.
Afghan currency collapses from the moment the “Taliban” radical movement arrives (the organization is prohibited in Russia as a terrorist). In recent days, the fall accelerated, while the exchange rate differed in every city.
Against this background, food prices and other goods took off in the country. On Monday, December 13, the Council of Ministers conducted an emergency meeting to strengthen the course of the national currency. According to his results, it was decided to take decisive measures to combat smuggling and counterfeit products, fake bills and other factors that reduce the course of the currency.
Even before coming to power, the Taliban of Afghanistan’s GDP by 40 percent depended on international assistance. After the coup, Western countries who do not recognize the new government, froze international funds, including financial assets to which Afghanistan could access the World Bank and the International Monetary Fund.
In late October, the International Monetary Fund predicted that the country’s GDP decreases by 30 percent. In the same month, the European Union approved the allocation of the country of humanitarian aid in the amount of a billion euros, but it does not concern the support of the country’s financial system.