KANDAHAR: A senior Afghan police official considered one of many nation’s strongest males has banned using Pakistani Rupees (PKR) in the important thing southern province of Kandahar.
The police chief of Kandahar, Gen. Abdul Raziq, stated he has declared using PKR in enterprise transactions a criminal offense. However he says he hasn’t but selected the punishment.
The rupee has been extensively utilized in Afghanistan’s japanese and southern provinces bordering Pakistan. The Iranian foreign money is used within the western border provinces.
“I am not towards enterprise, however I do not need some other foreign money for use in our nation, particularly the Pakistan and Iranian currencies,” Raziq informed The Related Press Sunday.
Raziq’s ban got here into impact final week. Merchants stated it had an instantaneous impact, with the afghani strengthening in current days.
“This is excellent information, as individuals have been confused about what foreign money they need to use and hold,” stated Kandahar tribal elder and businessman, Ahmad Shah Khan.
He stated the afghani had strengthened to 560 for 1,000 Pakistani rupees, from 630 per 1,000 earlier than the ban. The official Central Financial institution trade fee Sunday was 622 per 1,000.
The afghani has additionally strengthened towards the greenback, from sixty eight to sixty five because the ban was launched, merchants stated. The official fee is at present sixty seven.5 afghanis to the greenback.
Azrakhsh Hafizi, the top of the worldwide relations committee of the Afghan Chamber of Commerce welcomed Raziq’s determination and urged officers nationwide to undertake the ban of foreign currency.
Using the US greenback in transactions elsewhere within the nation, together with the capital Kabul, also needs to be banned, Hafizi stated.
“The central financial institution virtually each week buys afghanis out there in an effort to keep the steadiness of the Afghan foreign money but when we used solely the Afghan foreign money everywhere in the nation there can be no want,” he stated.
Raziq’s transfer coincides with a cooling of relations between Afghanistan and Pakistan following the breakdown of a peace course of initiated final yr by Afghan President Ashraf Ghani.
Raziq stated the foreign money ban is in retaliation towards Pakistan’s alleged safety of the Taliban, a cost Pakistan denies.
“Pakistan just isn’t solely utilizing bombs towards us, they use each different tactic they will to destroy us ─ and that features our businessman,” he alleged.
Pakistani authorities have held up Afghan items, together with recent produce, at border factors till the fruit and greens rotted, Raziq claimed.
There are indicators that Afghanistan is beginning to look elsewhere for imported merchandise as a method of pressuring Pakistani authorities into complying with Afghan calls for relating to peace talks with the Taliban.
Wheat imports ─ which totaled 2.four million tons final yr, in accordance with the US Division of Agriculture ─ have historically come from Pakistan.
However a rise within the customs obligation charged by Afghan authorities has reduce imports from Pakistan, with the enterprise now going to Central Asian states.
Hafizi stated the worth of imports from Pakistan had fallen by $seven hundred million because the begin of the present monetary yr in January.
Afghanistan is within the depths of an financial disaster, with gross home product progress near zero and the federal government’s plans for enhancing progress and creating jobs stalled by its incapability to enhance the safety state of affairs.
Your email address will not be published. Required fields are marked *
Sign me up for the newsletter!
The content is the property of the Roznama Urdu and without permission of the publisher will be considered copyright infringement..