Afghanistan bans local trade in Pakistani currency

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Afghanistan bans local trade in Pakistani currency

KHOST CITY – Afghan Authorities have decided to enforce trade in afghani in southeastern Khost province, in a bid to increase the circulation of local currency.

The move by Hakam Khan Habibi, the provincial governor, aims to counter the use of Kaldars (Pakistani rupees) in local markets.

Saturday saw young people rallying in the city of Khost to urge the people to buy and sell goods using the afghanis only.

Afghanis say they face lots of problems while trading in Pakistani rupee, especially when the dollar rate increases or decreases.

Talib Mangal, the governor’s spokesman, told Pajhwok Afghan News link that a commission has been created to implement the plan to promote transactions in afghani instead of Pakistani rupee.

“Anyone violating the decision would be referred to judicial organs,” he warned.

However, civil society activists say the plan has failed to achieve the objective so far.

While Afghanistan shares a common religion, race, history, ethnicity and geography with Pakistan, bilateral relations have always been strained. Pak-Afghan trade volume, despite having a potential of $5 billion, has fallen from $2.5 billion to $1.4 billion lately.