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Afghani downturn sends food, gold prices soaring in Kabul

Afghani downturn sends food, gold prices soaring in Kabul

Aug 11, 2016 - 18:36

KABULinfo-icon (Pajhwok): Following downturn in the Afghan currency, the prices of flour, ghee, sugar and gold increased during the outgoing week in capital Kabul, market sources said on Thursday.

According to Sara-i-Shahzada Moneychangers Union, one US dollar stood at 67.90 afghanis and 1,000 Pakistani rupees 624 afghanis against last week’s 66afs and 603afs respectively.

Ahmad Timor, deputy head of Sara-i-Shahzada Moneychangers Union, told Pajhwok Afghan News the value of the afghani decreased due to low demand. He said the fall in the Afghan currency sent the prices of food items and gold soaring.

Food Traders Union head Fazal Rahman said the price of 49 kilograms of Pakistani sugar increased from 2,460afs to 2,500afs, 16 liter of Sahista ghee from 1,030afs to 1,050afs, and 49kg of Kazakh flour from 1,260afs to 1,280afs.

However, he said 24.5kg of Pakistani rice cost 1,550afs, the same price as of last week’s.

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.

But 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 1,800afs and a 50-kg bag of Kazakh flour for 1,300afs. Last week’s wholesale price of Kazakh flour was 1,300afs

Similarly, he sold a 49-kg bag of sugar for 2,600afs, a 16-kg tin of Shaista ghee for 1,100afs, a kilo of black African tea for 250afs and the same quantity of Madina green tea for 240afs.

Mohammad Fawad, a jeweller in Timor Shahi area, said the price of one gram of Arabian gold increased from 2,400afs to 2,450afs and the price of the same quantity of the Russian variety from 1,900afs to 1,950afs.

Abdul Hadi, a fuel station worker in Wazirabad locality of Kabul, said one liter of petrol cost 39afs and the same quantity of diesel 36afs, registering no changes in their prices.

Mohammad Sharif, a dealer in Taimani locality, said a kilogram of gas cost 40afs.



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