U.S. Dollar Trades at 63 Afghanis in Kabul Market

The U.S. dollar traded at around 63 afghanis in Kabul markets on Monday, according to market reports.

Afghanistan's central bank listed the dollar at 63.65 afghanis for buying and 63.85 afghanis for selling, marking one of the lowest rates in recent months. The dollar has been gradually weakening for months after previously rising above 75 afghanis following aid cuts announced by Washington last year.

Afghanistan heavily depends on imports priced in dollars, meaning exchange rate changes directly affect domestic prices and purchasing power. Despite the currency drop, citizens report that unemployment, widespread poverty, and high commodity prices continue to strain household budgets nationwide.

Globally, the dollar has weakened against major currencies such as the euro and the British pound, influenced by U.S. economic and trade policy uncertainty. Analysts say investors are moving funds toward safer assets like gold, while expectations of lower U.S. interest rates could further pressure the dollar.

Economists note that without job creation and economic recovery, currency changes alone are unlikely to ease Afghanistan's ongoing cost-of-living crisis.