It has been almost two years since the Taliban took power in Afghanistan. Meanwhile, there have been many changes in the economy there and now the currency of Afghanistan i.e. Afghani has become the best currency in the world. Read this news...
It has been almost 2 years since Taliban rule in the neighboring country Afghanistan. Since then, the Taliban government has done many things for the economy of Afghanistan. The result was that despite being one of the poorest countries in the world, the local currency here has now become the top currency in the world. The local currency of Afghanistan is called Afghani
According to a data analysis by Bloomberg, the value of Afghani has increased very rapidly in the July-September quarter. For this reason, it is now the world's top performing currency.
9% increase in value
The value of the Afghan currency has increased by 9 percent in the July-September quarter. The main reason for this is the Taliban government's focus on the local economy. Besides, its trade with the neighboring countries of Asia also needs to increase. Not only this, the Taliban government has taken many such policy decisions regarding the economy, due to which the value of its currency has increased.
Pakistani rupee stopped
Earlier, Pakistani rupee or American dollar was also used for local transactions in Afghanistan. The Taliban government has imposed strict restrictions on this. Now transactions within the country can be done only in the local currency Afghani. Not only this, the Taliban government in Afghanistan has also imposed strict restrictions on the movement of US dollars out of the country.
The Taliban government has now classified online currency trading as a crime. People involved in this work are being sentenced to jail. This has helped Afghanistan to save its foreign exchange reserves.
14% growth recorded in a year
Even though Afghanistan's currency is growing tremendously, it is still a poor country at the global level. Not only this, human rights are in a dying state here. Nevertheless, the value of Afghani has increased by 14 percent in the last one year. Compared to annual figures, it is the third best performing currency in the world. Only the currency of Colombia and Sri Lanka is ahead of Afghanistan.
The supply of $40 million received so far from the United Nations has also helped in making the Afghan afghani a strong currency. In the year 2023, Afghanistan is to receive 3.2 billion dollars as aid from the United Nations, currently only 1.1 billion dollars has reached Afghanistan.
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