Foreign Currency Use Increases as Afghani Value Drops
Amid the escalation in fighting and growing insecurity in the country, fluctuations of the Afghani against foreign currencies is leading to the increased use of
those currencies.
Sources told TOLOnews that in recent months most people opening bank accounts have been trying to open dollar accounts instead of Afghani accounts.
According to sources, in the last six months 70% of all bank accounts in the country have been changed from Afghani accounts into foreign currency accounts, especially into dollars.
Sayed Masoud, a university lecturer, said: “It (the value of Afghani) will reduce day-by-day, it may reduce more in the coming days, and foreign currencies like the pound, euro, dollar, and Kaldar will enter the market.”