City
Epaper

Afghans worried over increase in torn currency note in Kabul markets

By ANI | Published: May 08, 2022 11:21 PM

Amidst a devastating economic crisis in Afghanistan, Afghan citizens have complained of an increase in torn currency notes in the markets of Kabul, posing serious hurdles.

Open in App

Amidst a devastating economic crisis in Afghanistan, Afghan citizens have complained of an increase in torn currency notes in the markets of Kabul, posing serious hurdles.

According to Afghan residents, over 80 per cent of Afghanis are completely worn-out, reported the Tolo news. Moreover, there were hardly any new banknotes available in the market. The frustrated residents complained that they were unaware whether new Afghanis were even printed or not. However, crumbling banknotes were on the hike in transactions.

Several Afghan residents have also criticized the way people protect their banknotes, especially the small ones.

"No problem would happen if everyone took a wallet for keeping money. The banknotes should be kept in a good way," stated Doos Mohammad, an Afghan resident, as reported by Tolo news.

Further, in the opinion of some experts, in order to prevent a lack of viable Afghan banknotes, the Central Bank of Afghanistan must attempt to print new banknotes.

"The Central Bank in coordination with Ministry of Foreign Affairs could convince countries ... to print banknotes for Afghanistan," said Ahmad Muneeb Rasa, a political expert.

Reportedly, according to a Taliban spokesperson, the needs of Afghanistan have been taken into account by the Afghanistan government. The spokesperson assured that the government would make sure to print new currencies, reported Tolo news.

"We will try to print new banknotes. We have no plan to print a lot, but as much is needed," said the Afghan government's spokesman, Zabihullah Mujahed.

Earlier, Antonio Guterres, the UN secretary general spoke on Afghanistan's encounter with a lack of liquidity which might lead to the further downfall of Afghanistan's economic structure, reported the Tolo news.

In the meantime, Afghanistan is grappling with a serious humanitarian crisis as according to international assessments, Afghanistan has now the highest number of people in emergency food insecurity in the world, with more than 23 million in need of assistance, and approximately 95 per cent of the population having insufficient food consumption.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Da Afghanistan BankDoos mohammadAhmad muneeb rasaAfghanistanKabulCentral BankAfgAfghanistan taliban
Open in App

Related Stories

NationalWife Accuses Husband of Rape for Taking Her to Afghanistan; Supreme Court Stays Proceedings

NationalAfghanistan Consul General Zakia Wardak Resigns After DRI Intercepts Her With Gold Worth Rs 18 Crore at Mumbai Airport

InternationalAfghanistan Shooting: Gunman Kills Six Worshippers in Mosque in Herat Province

InternationalAfghanistan: World Food Programme Says It Has Been Giving Food, Cash to 6 Mn People Monthly

InternationalPakistan: Deports Over 800 Afghan Refugees via Torkham and Spin Boldak Crossing

International Realted Stories

InternationalSri Lanka green lights Elon Musk's Starlink satellite service

InternationalApollo 8 astronaut William Anders dies in plane crash

Social ViralBananas to Beat Stress: Chinese Office Workers Grow Plants on Their Desks

InternationalDanish Prime Minister Mette Frederiksen attacked in Copenhagen

InternationalGiorgia Meloni tops polls as EU elections enter third day