The Association of Money Changers in Kabul said on Tuesday that the value of the Afghani has dropped and food prices have increased considerably on the back of rising insecurity in parts of the country – particularly after the siege of Kunduz city.
“Insecurity in Kunduz province has affected the value of Afghan currency against dollar in the market. One American dollar was exchanged for Afs63.80 yesterday (Monday) but today (Tuesday) was exchanged for Afs64.70,” said Haji Zerak, a spokesman for the association.
In addition, a number of Kabul residents raised concerns over the sudden increase in food prices at local markets, saying that this is making it difficult for them to feed their families.
“Insecurity has doubled food prices if compared to the past few days. The government is reckless towards the people,” said Ahmadullah, a Kabul resident.
“The wholesalers buy food in dollars and they have to increase their prices to meet the expenses,” said Murad Ali, a food retailer in Kabul.
The Afghanistan Chamber of Commerce and Industries (ACCI) meanwhile says cargo trucks coming in from Tajikistan through Kunduz are being stopped at the Sherkhan Port as a result of the conflict in the city and this directly affects prices.
“Insecurity in Kunduz has caused huge losses for importers. Their trucks have been stuck in Sherkhan Port for two days and they are not able to transfer their goods to other parts of the country. This directly affects the market,” ACCI deputy chief, Mohammad Yunus Mohmand told TOLOnews.
Kunduz is one of the key transit provinces in the north and entrances to its central city have been closed since the Taliban’s siege of the city early Monday.