Afghan money is the third stable currency in the world

Afghan Money (AFN) has undergone significant changes in recent years. According to reports from the previous year, the value of Afghan has increased by about 9% in the past three months and in total, it has grown by about 14% this year. These changes have made Afghani rank in the third most stable currencies in the world after that of Colombia and Sri Lanka.

The increase in value was largely due to humanitarian aid and increased trade with neighboring countries in Asia. Also, restrictive measures such as banning the use of the dollar and Pakistani rupee inside the country and controlling the dollar’s exit from Afghanistan have also helped to maintain more stability in the foreign exchange market.

However, the economic and social situation of Afghanistan still faces serious challenges. According to World Bank data, Afghanistan’s gross domestic production in 2023 equals to 17. 3 billion US Dollars were only 0. It constitutes 02% of the world economy. Also in the World Hunger Index, Afghanistan ranks 109 out of 121 hungry countries in the world, representing the dire food security situation in the country.