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Afghan currency down, food items prices steady

Afghan currency down, food items prices steady

Aug 06, 2015 - 17:24

KABULinfo-icon (Pajhwok): The Afghan currency has dipped down while the rates of essential items have remained steady during the outgoing week in capital Kabul, market sources said Thursday.

According to moneychangers in Sara-i-Shahzada, the buying rate of one US dollar was 62.15 Afghanis while 1,000 Pakistani Rupees accounted for 593 Afghanis.

Last week's exchange value of one dollar stood at 61.30afs and 1,000 Pakistani rupees at 589afs.

A moneychanger in Sara-i-Shahzada, Ahmad Shah said the government was offering $2 million to the market every week but the amount has now decreased.

The decline in Afghan currency’s value comes while Da Afghanistaninfo-icon Bank (DAB) last month said that they have allocated $800 million to control the value of the Afghan currency.

Deputy DAB head Khan Afzal Hadawal had said that the bank interferes in the market only if the Afghan currency value affects the prices of goods.

A liquefied gas seller in Taimani area Mohammad Sharif sold one kilogram of the gas for 45afs, compared to 50afs its price of last week’s.

The prices of fuel have remained steady.

Abdul Hadi, the owner of Wazirabad fuel station, said that one liter of petrol cost 46afs and the same quantity of diesel 42afs, the same prices of last week’s.

In food items, only the price of flour was edged down.

Food Traders Union head Fazal Rahman said that the price of 49 kilograms of Pakistani flour was dipped down from 1,260afs to 1,250afs.

He said that a 24-kg bag of Pakistani rice cost 1,550afs, a 49-kg sack of sugar 1,620afs and a 16-kg tin of Momin Ghee 970afs a kg of Indonesian green tea was priced at 180afs, same quantity of African black tea at 210afs -- same rates as last week’s rates.

But a retailer in the Kart-i-Seh area of Kabul, Qurban Ali, sold a 49-kg bag of flour for 1,370afs, a 50-kg sack of sugar for 1,850afs and a 24-kg bag of rice for 1,850afs.

He sold a 16-kg tin of Momin ghee for 1,060afs, a kilo of African black tea for 270afs and the same quantity of Indonesian green tea for 270afs -- higher than wholesale prices.

Mohammad Fawad, a jeweler in Timor Shahee area, said one gram of Arabian gold sold for 1,950afs and the same quantity of the Russian variety for 1,600afs.





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