Pajhwok Afghan News

US dollar appreciates over 3pc against Afghani

KABUL (Pajhwok): Following appreciation of the US dollar against the Afghani currency, the prices of fuel has increased by five percent and food by nearly four percent during the outgoing week in capital Kabul, market sources said Saturday.

The US dollar and some other currencies keep appreciating against Afghanis in the last couple of days.

Haji Hussain, owner of Sadaqat Money Exchange Service in Sara-i-Shahzada Market in Kabul, told Pajhwok Afghan News that one US dollar accounted for 89 Afghanis and 1,000 Pakistani rupees 470afs, against last week’s 86afs and 470afs respectively.

Abdul Rahman Zirak, head of Sara-i-Shahzada Money Changers Union, said, “Appreciation of the US dollar has no a specific reason and it is a normal issue, some amount of money flown from Kabul Mandavi Market into Sara-i-Shahzada Money Market negatively affected the value of Afghani currency.”

He hoped that the Afghani currency would regain its stability in the next one week.

Fuel prices increased by 5.2 percent.

Fuel sellers say that the reason behind the hike of fuel price was increase in US dollar against Afghani.

A worker of Ahmadyar Group Fuel Station in Kabul said that the price of one liter of petrol was increased from 67afs to 73afs and the same quantity of diesel from 78afs to 79afs.

Mohammad Sharif, a liquefied gas seller in Kulula Pushta area of Kabul said that the price of one kilogram of the commodity was increased from 66afs to 70afs.

The prices of food items increased by over 3.7 percent.

Zamarai Safi, head of Food Traders Union in Kabul, said that the price of a bag of 49 kilograms of Kazakhstani flour increased from 2,450afs to 2,600afs, a bag of 49 kilograms of Indian sugar from 2,800afs to 2,900afs, a tin of 16 liters of Malaysian ghee from 2950afs to 3,000afs, a bag of 24.5 kilograms of Pakistani rice from 2,500afs to 2,600afs.

He also said that the prices of food items increased due to the fall of Afghani currency against US dollar.

However, he said that a kilogram of African black tea cost 400afs and the same quantity of Indonesian green tea 350afs, the same rates of last week’s.

Hamid Sufizada, a retailer in Dahan-i-Bagh area of Kabul said that the price of a bag of 49kg of Kazakhstani flour was 2,650afs, 24kg of rice 2,650afs, 49kg of Indian sugar 2,950afs , a tin of 16 liters of Malaysian ghee 3,050afs, a kilogram of Indonesian green tea 400afs and the same quantity of African black tea 450afs, higher than wholesale rates.

Gold prices remain stable.

Mohammad Javid, a jeweler in Lycee Mariam area of Kabul said that the price of one gram of Arabian gold was 4,300afs and the same quantity of Russian variety 3,300afs.

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