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The devaluation of Euro has a negative impact on Afghanistan’s economy

AT

Kabul: The Kabul Moneychangers’ Union announced that the devaluation of the euro will have a negative impact on the country due to the investment of European countries in Afghanistan.

The Kabul money changers’ union announced that European investors in Afghanistan will suffer losses due to the decline in the value of the euro against the dollar.

Currently, one dollar is 88 Afghanis and one euro is also 88 Afghanis in Kabul market.

Kabul money changers union also said about the impact of the decrease in the parity of the euro and the dollar on the Afghan economy. Most of the investments in Afghanistan were made by European countries and the decrease in the value of the euro will cause losses to the Europeans and the result will have a negative impact on the Afghan economy.

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