Dollar price rises; Taliban-controlled central bank brings $27 million into the market
The Taleban-led Central Bank issued a press release on Tuesday (February 29) calling on banks, exchange and money services companies to participate in a bid to sell dollars.
The Taliban-run central bank has already injected tens of millions of dollars into the market this week, as the dollar's value has risen.
US President-elect Donald Trump issued an executive order suspending foreign aid after entering the White House on his first day in office.
Following Trump's order, US aid to Taliban-controlled Afghanistan was also suspended. Following the publication of this news, the value of the Afghani against the dollar, which was 65 to 68 Afghanis a while ago, rose to above 80 Afghanis.
The United States has been sending more than $40 million a week in aid to Taliban-controlled Afghanistan for the past three years.
Following the decline in the value of the Afghani against the dollar, the Taliban-controlled Central Bank announced in a press release that it would inject $27 million into the market on Wednesday, January 10.
Farzana Ahmadi
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