Pajhwok Services

Photo Service

SMS News Service

Pajhwok combines its expertise and experience in news reporting with a telecom firm and thus reach a wider audience in an 
effective way.

To subscribe: 
English News Update : Send 83 to 824
Dari News Update : Send 84 to 824
Pashto News Update : Send 85 to 824

Election Coverage

Special Mining Page

Afghan Peace Process Special Page

Addvertise With Pajhwok

Daily Newsletter

Sending Time (GMT / Kabul time)

Suggest a Story

Pajhwok is interested in your story suggestions. Please tell us your thoughts by clicking here.

Ahadi: Soaring food prices linked to afghani's devaluation

Ahadi: Soaring food prices linked to afghani's devaluation

Jul 10, 2011 - 17:25

KABULinfo-icon (PANinfo-icon): Commerce and Industry Minister Anwarul Haq Ahadi on Sunday said that soaring prices of food items were a result of the devaluation of the afghani against other currencies.

Ahadi was summoned to the Wolesi Jirgainfo-icon, the lower house in Afghanistaninfo-icon’s parliament, to brief lawmakers on the increasing cost of food items in the country.

He said the exchange value of a US dollar rose by 5 afghanis in a week, sending rates of food items soaring.

The minister said Afghan traders purchase goods in dollars at foreign markets, and that the devaluation had a direct impact on the price of trade goods.

Ahadi said they had taken up the matter with the central bank, urging the president reduce or remove taxes on food items.

He also said the Ministry of Agricultureinfo-icon and Livestock would provide 30 thousand tonnes of wheat to the market, a move that would reduce rates of food items.


Related Article

Download “Pajhwok” mobile App, on your smartphone to read and access latest news, features, interviews, videos and photos about Afghanistan.


Add new comment


Twitter Update