Afghani

Published September 4, 2002

KABUL, Sept 3: The Afghan currency fell to its lowest level against the dollar in at least 10 months on Tuesday amid reports of the imminent introduction of new denominations, currency dealers in Kabul said.

One dollar fetched 40,000 afghanis on Monday, but traded as high as 52,000 Afghanis on Tuesday morning, they said.

Dealers said a flow of piles of Afghani notes to Kabul’s main money market from the western city of Herat and neighbouring Pakistan caused the sudden drop in values.—Reuters

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