This country is a stronghold of terrorists, but the currency is stronger than India, as soon as you carry 1000 rupees, you will become…

The country we are talking about here is Afghanistan. After the departure of American troops from this country last year, there was a civil war here for several months due to which the economy here got ruined. However, even after this, today the exchange rate of its currency against the dollar is in a better position than the Indian rupee. Why is it like this? Let us know…

Afghanistan's currency is stronger than ours
The currency of Afghanistan is called Afghan Afghani. If we look at the latest exchange rate, approximately 71.20 Afghani can buy 1 dollar, whereas to buy 1 dollar you will have to spend 83.38 Indian rupees. The Indian rupee is trading at its all-time low against the dollar, that is, at present the exchange rate of the Indian currency against the dollar is Rs 83.38. That means, if you take 1000 rupees to Afghanistan, you will get only 853.92 Afghani currency in the exchange.

Not only this, Bloomberg in a report has described the Afghan currency as the best performing currency in the world. Now you must be thinking that how can the currency of a country under Taliban rule which does not even have basic facilities, be stronger than the rupee? So let us tell you the reason for this.

Hawala business is a big reason
Afghanistan is one of the poorest countries in the world. Illiteracy and unemployment are at their peak here. The reason for the rise in Afghan currency is that US dollar and Pakistani rupee are banned there. You cannot even do online trading of currency there. On the other hand, hawala business is flourishing in Afghanistan. Works like money exchange are also done through hawala. US dollars reach Afghanistan through smuggling and are exchanged through hawala. All these things are strengthening the Afghan currency against the dollar.

Help also comes from America
One of the reasons behind the rise in Afghan currency is the help of UN. According to Bloomberg report, the United Nations provides aid to Afghanistan. Since the Taliban rule, the UN has provided $5.8 billion in aid to Afghanistan. According to the UN, this year Afghanistan needs $3.2 billion in aid, out of which $1.1 billion has been received. Apart from this, Afghanistan also has plenty of natural resources. There is a large reserve of lithium here, whose value is about 3 trillion dollars.

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Tags: Afghanistan, Business news in hindi, Currency