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Appreciated afghani pushes food prices down in Kabul

Appreciated afghani pushes food prices down in Kabul

Aug 04, 2016 - 16:40

KABULinfo-icon (Pajhwok): The rise in value of the afghani against the rupee and dollar has pushed down the prices of some food items and liquefied gas and the Arabian gold in capital Kabul, market sources said on Thursday.

Food traders linked the decline in prices of sugar, ghee and flour to the increased value of the afghani against the two foreign currencies.

Food Traders Union head Fazal Rahman told Pajhwok Afghan News the price of a 49-kg bag of Pakistaninfo-icon sugar decreased from 2,500 afghanis to 2,460 afghanis during the outgoing week.

He said the price of a 16-litere of Shahista ghee decreased from 1,060 afghanis to 1,030 afs and 49kg of Kazakh flour from 1,320afs to 1,260afs.

However, the price of 24.5kg of Pakistani rice stayed stable at 1,550afs.

A shopkeeper in Kabul Market, Haji Rahmatullah, sold a kilogram of African black for 260afs and the same amount of Madina green tea for 240afs.

Fazal Rahman also linked the cut in food items’ prices to the increased value of the afghani during the ongoing week.

Following a ban on the usage of Pakistani currency by central bank officials in southern provinces, the value of the afghani witnessed an unprecedented rise against the rupee and dollar.

One US dollar was available for 66afs and 1,000 Pakistani rupees for 603afs against their last week’s exchange rates of 68.80afs and 643afs respectively in Sara-i-Shahzada money market.

Wholesale prices varied from retail rates in parts of the city. A retailer in Proja-i-Taimani area, Abdul Wakil, sold a 24-kg sack of rice for 1,700afs and a 50-kg bag of Kazakh flour for 1,400afs. Last week’s wholesale price of Kazakh flour was 1,300afs

Similarly, he sold a 49-kg bag of sugar for 2,500afs, a 16-kg tin of Shaista ghee for 1,050afs, a kilo of black African tea for 250afs and the same quantity of Madina green tea for 240afs.

Abdul Hadi, a fuel station worker in Wazirabad locality of Kabul, said one liter petrol cost 39afs and the same quantity of diesel 36afs, recording no changes in their prices compared to last week’s.

However, Mohammad Sharif, a dealer in Taimani locality, said the price of a kilogram of gas declined from 45afs to 40afs this week.

Mohammad Fawad, a jeweller in Timor Shahi area, told Pajhwok Afghan News the price of one gram of Arabian gold decreased from 2,450afs to 2,400afs while the price of the same quantity of the Russian variety stood at 1,900afs.


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