KABUL, Aug. 24 (Xinhua) — Afghanistan’s central bank Da Afghanistan Bank announced a 21 percent rise in the value of the afghani against foreign currencies, notably the U.S. dollar, over the past four years, crediting strategic monetary policies and expanded global banking ties, local media outlet TOLOnews reported Sunday.
“Our effort is to maintain the Afghani’s stability in a better way and not allow severe fluctuations to occur in this regard,” the media quoted Hasibullah Noori, the bank’s spokesman, as saying.
According to the official, the achievement is attributed to effective monetary policies aimed at stabilizing the nation’s economy, strengthening the banking sector, and enhancing financial support systems.
These efforts are part of a broader strategy to rebuild Afghanistan’s economy. ■