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Afghani Currency falls against the dollar causing price rise

The We For News reported citing the Tolo News, Kabul residents have complained about the rise in prices of goods as the value of the Afghani Currency has fallen against the dollar in recent days.
The We For news reported, the dropping in value of Afghanis against the dollar has greatly reduced business in the markets.
According to the money exchangers, recently, the smuggling of dollars has also caused problems in the markets.
Currently, one dollar is exchanged for about 90 Afghanis in the Kabul market.
The We For News said that Kabul residents urged Afghanistan’s central bank to take steps to control the currency markets and to pave the way for more robust business.

Esmatullah, a resident said: “It’s problematic when the value of the dollar rises in the currency markets, then the price of the goods increases too."
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The report said that in the meantime, several money exchangers in Kabul believed that lack of cash in banks is the reason that the Afghan currency dropped.
Mirwais, a money exchanger said: “In the currency markets, the shortage of dollars is the reason behind Afghanis dropping dramatically."
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At the same time, Afghanistan annually imports goods which cost $8.5 billion and to buy these goods, they use dollars.
“Afghanistan is one of those countries that relies on other countries’ imports and we need dollars to buy goods and that is why the Afghani is losing its value in currency markets,” said Haji Zirak Zirak, the spokesperson of the money exchangers union in Kabul.
Source: wefornews
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Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”
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