Use of foreign currencies prohibited in Nimroz markets

Da Afghanistan Bank (Central Bank) has banned the use of any foreign currency in Nimroz province, in order to promote the Afghan currency.

More than 90% of daily transactions in Nimroz are conducted in Iranian tomans, but local Nimroz officials say that from now on, those who use foreign currencies in their daily transactions will be treated seriously.

“We welcome the recent action in Nimroz province and call on all our compatriots to benefit from the use of Afghan currency in their internal trade and daily transactions,” said Bank Spokesperson Saber Momand. central.

Meanwhile, residents of Nimroz welcome the restriction of the use of Iranian tomans in this province, but point out that it is not possible to immediately remove the tomans from the market in the city of Zaranj.

“They have to do it with a plan because everyone is dealing with Iranian currency,” said Nematullah, a trader in Zaranj.

“They don’t accept our currency. When we take the Afghan money to the market, it does not bring us anything. If we take 100,000, they don’t give us anything,” said Nimroz resident Abdul Ghafar Tajik.

“When foreign currencies or tomans are taken out of daily transactions, they can be replaced by our Afghan currency and our Afghan currency can be put into circulation,” said Mohammad Hassan Mokhtar, an economist.

For decades, the people of Nimroz province have been using Iranian Toman in their business dealings. Many residents of the province bordering Iran are unfamiliar with Afghan currency. In previous years, the former government had repeatedly banned the use of Iranian money in Nimroz, but these measures did not work.

The Sarai Shahzada Money Exchangers Syndicate said it had made every effort in coordination with Da Afghanistan Bank to prevent the smuggling of dollars.

“There are dollars deposited in the Da Afghanistan Bank. It distributes dollars in the market when needed. We have foiled enemy propaganda. The Afghan currency is at a good price now,” said Abdul Rahman Zirak, a union spokesman.

As the Afghan currency lost value against the dollar, the price of food, fuel and other basics also soared.

However, on Wednesday, commodity prices fell as the US dollar edged lower against Afs. “Because the dollar was at a high price, the price of raw materials increased. But since yesterday, the dollar rate is normal, but no one can be sure,” said Mohammad Kazim, a trader.

“We call on the current government to take major steps to bring the situation under control. Manage the money,” said resident Murtaza.—Tolonews