Afghani Currency Stabilised With UN Cash Shipments in Afghanistan, Says WFP
The World Food Programme (WFP) announced that Afghanistan’s currency became stable due to UN’s cash shipment to Afghanistan in 2022.
The World Food Programme (WFP) announced that Afghanistan’s currency became stable due to UN’s cash shipment to Afghanistan in 2022.
WFP added that the Taliban also exerted “strong control” over the export of foreign currency, which caused stability of the Afghani currency rate.
According to the organisation, the strengthening of the afghani can be considered a positive economic development.
Since the takeover of Afghanistan by the Taliban in 2021, Afghanistan’s Central Bank has continuously reported receiving USD 40 million in humanitarian assistance packages from the international community to Kabul. These reports have been met with criticisms from Afghans and the Taliban’s opposition groups.
On Sunday too, Afghanistan’s Central Bank announced that a USD 40 million humanitarian package reached Kabul.
A reliable source in the Central Bank of Afghanistan, on Saturday, confirmed to Afghanistan International that the cash packages are being sent to Kabul, but the Taliban have avoided publicising it.
Meanwhile, WFP stressed that Afghanistan's export sector has also seen a slight improvement “with a steady contribution from food and coal exports”.
According to the World Bank economic monitoring data, in the first three months of 2023, Afghanistan’s exports reached 500 million dollars, showing a seven percent increase compared to the same period of time, last year.
In this report, it has also been stated that Afghanistan’s imports in 2023 amounted to USD 1.8 billion which shows a 32 percent increase than last year.
