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Afghani dips versus US dollar, fuel prices up

Afghani dips versus US dollar, fuel prices up

Sep 10, 2015 - 16:24

KABULinfo-icon (Pajhwok): The Afghan currency dipped against the US dollar during the outgoing week in Kabul, where petrol, gas and flour prices went up and of  sugar, gold and ghee dropped, retailers said on Thursday.

The afghani depreciated against the greenback, moneychanger Hajji Najibullah Akhtari said.

He said the buying rate of a US dollar was 63.70afs and 1,000 Pakistani rupees exchanged for 614afs.

Last week's exchange value of the greenback stood at 56.95afs and 1,000 rupees at 562afs. At the beginning of the current year, the exchange rate of a US dollar was 62.70 afs and Rs1000 equaled 600afs.

The recent insecurity and presence of much money in the open market were factors behind the devaluation of the afghani, he said.

According to economics reports published by Pajhwok, the value of a US dollar was 57afs in mid-March but now a dollar is exchanged for 63.70afs.

Also during the week, flour rate aged up and prices of some other daily-use commodities declined.

Food Traders Union head Fazal Rahman said a 49-kilogram sack of Pakistani flour was sold for 1,370 afs against its last week's price of 1,320 afs. A 16-kg tin of Momin ghee cost 960 afs against last the week’s 990 afs. A 49-kilogram bag of Pakistani sugar declined to 1740afs from 1760 afs. The price of a 24-kg bag of Pakistani rice remained stable at 1650 afs.

Likewise, the prices of tea remained unchanged. A kilo of green tea accounted for 210 afs and the same amount of African black tea for 240afs, said a dealer in the Kabul food market, Ahmad Javed.

But wholesale prices varied from retail rates in some parts of the city. Ahmad Omaid, a shopkeeper in the Dahn-i-Bagh locality, sold a 24-kg sack of rice for 1,800afs, a 49-kg bag of sugar for 1,800afs and a 50-kg sack of flour for 1,400afs.

He sold a 16-kg tin of Momin ghee for 1100afs, a kilo of black African team for 270afs and the same quantity of Indonesian green tea for 250afs.

Mohammad Fawad, a jeweller in Timor Shahi neighbourhood, said the price of one gram of Russian gold fell from 1,650 afs to 1,600 afs and the same quantity of the Arabian variety was sold at 2050 afs, against its last week’s price of 2150 afs.

The price of diesel remained stable at 43afs while a litre of petrol edged up from 40afs to 41 afs, said a filling station worker in Qala-i-Fathullah locality, Obaidullah.

Mohammad Sharif, a retailer, sold a kilogram of gas for 55afs against it last week’s price of 50afs.


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