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UN’s $Cash-Aid Boost Afghan Currency’s Values

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KABUL: The cash-aid provided by the United Nation helped the Afghan currency to maintain its value, the Da Afghanistan Bank said.

According to the Afghanistan’s Central Bank, (Da Afghanistan Bank), the UN provided a total of $3.13 million cash assistance to Afghanistan over the past three months.

“Afghanistan Bank welcomes UN humanitarian assistance to Afghanistan and calls for further assistance and cooperation,” said Saber Momand, spokesman of the Central Bank.

Economists believe cash-aid is important for Afghan economy as the country is reportedly running out of cash in banking system as well as in the markets.

“Afghanistan needs more aid to be able to help our infrastructure, such as our production, industry and agriculture,” said Seyar Quraishi, an economist.

The Islamic Emirate said the current amount of assistance was not sufficient considering the ongoing humanitarian crisis in the country, calling on the world to provide more aid to Afghanistan.

“The start of formal interaction, as well as the expansion of various interactions, especially trade and economic interactions, can save Afghanistan from the current economic crisis,” said Inamullah Samangani, deputy spokesman of the Islamic Emirate. With the Islamic Emirate swept into power, the US department of treasury froze the Afghan Central Bank’s assets in reserve.

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