Despite facing global sanctions, Afghanistan’s currency – the afghani – has emerged as the best-performing one
this quarter as billions of dollars in humanitarian aid and rising trade with Asian neighbours propelled it to climb around 9% in the said period, reported Bloomberg on Tuesday.
“The ruling Taliban, which seized power two years ago, has also unleashed a series of measures to keep the afghani in a stronghold, including banning the use of dollars and Pakistani rupees in local transactions and tightening restrictions on bringing greenbacks outside the country,” Bloomberg stated in its report.
The Afghan authorities have also barred online trading and threatened to use punitive measures such as imprisonment for those who violate the rules, it added.
As per data compiled by Bloomberg, the afghani has risen around 9% this quarter, outpacing the likes of the Colombian peso’s 3% appreciation.