More than two decades after Afghanistan introduced its new currency, the Afghani has experienced relative stability. However, many economists argue that this stability is largely artificial, primarily propped up by the U.S. dollar. This dependence continues to shape the currency’s performance.
Afghanistan’s domestic monetary policy aims to maintain the Afghani’s stability and control the prices of goods.
According to Article 62 of the Afghanistan Bank Law, the country’s central bank is tasked with planning and implementing monetary policy, as well as regulating the money supply.
The stability of the Afghani directly affects both domestic and international economic decisions, and its volatility can lead to disruptions across systems and borders.
In today’s Subat (Stability) Program, we will discuss Afghanistan’s monetary stability—exploring how the Afghani is influenced by global shifts, sanctions, foreign aid, and economic policies. We will also look at how Afghanistan might achieve natural stability in the future.
Joining us to delve into these issues is Mohibullah Sharif, economic analyst and advisor at Afghanistan Islamic Bank. Stay tuned.
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