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Afghani dips, sugar price up, flour down in Kabul

Afghani dips, sugar price up, flour down in Kabul

Feb 18, 2016 - 17:54

KABULinfo-icon (Pajhwok): The afghani depreciated against the US dollar during the outgoing week that saw prices of sugar soaring and of flour declining in capital Kabul, retailers said on Thursday.

Moneychanger Amin Jan Khosti in Kabul money exchange market said the buying rate of one US dollar this week was 69.70afs and 1,000 Pakistani rupees accounted for 648afs. Last week's exchange value of the dollar stood at 68.90afs and 1,000 Pakistani rupees at 642afs.

Based on Pajhwok weekly economic reports, a US dollar was exchanged for 57 afghanis in March 2015.

The money changer, Khosti said they were concerned about the continued devaluation of the afghani which could badly affect the country’s economy.

Food traders union, Fazal Rahman, said the price of sugar price increased during the outgoing week when flour rate declined.

The rate of a 49-kg bag of Kazakh flour declined from 1260afs to 1200afs due to an increase in the commodity’s imports and its lowering prices in the international market. The same quantity of Pakistani sugar’s price aged up from 1800 afs to 1810 afs due to a decrease in its imports.

A 16-litre of Momin ghee was counted for 960afs and a 25-kg sack of rice for 1650 afs, the same prices as last week’s, he said.

A kg of Madina green tea was sold for 220afs and the same quantity of African black tea for 240afs, dealer Fazal Ahmad in Kabul food market said.

But a retailer in Dahn-i-Bagh area, Ahmad Javed, sold a 49-kg bag of flour for 1,300afs, a 49-kg sack of sugar for 1,900afs and a 24-kg bag of rice for 1,800afs.

He sold a 16-litre tin of Momin ghee for 1,050afs, a kilo of African black tea for 260afs and the same quantity of Madina green tea for 250afs -- higher than wholesale prices.

Mohammad Fawad, a jeweller in Timor Shahi neighbourhood, said gold prices remained unchanged as one gram of Arabian gold was sold for 2,200afs and the same quantity of the Russian variety at 1,800afs.

Abdul Hadi, a filling station worker in Wazirabad locality, said a liter of petrol was sold at 39 afs and the same amount of diesel at 33 afs, the same prices as last week’s.

Mohammad Sharif, a liquefied gas seller in Kolola Pushta neighborhood, sold a kilogram of gas for 40afs, the same rate as last week’s.

Per 560 kilograms of unpeeled oak sold for 6,400afs and the same quantity of cedar at 6200 afs, said a firewood stall owner in Charah-i-Shaheed locality, Khan Mohammad.



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