US Dollar devalued, food prices yet to fall in Kabul.
An increase in the value of US dollars against Afghani (local currency) is interrelated with a spike or fall in the prices of food items, gas, and fuel across Afghanistan as the country is an importing one.
This was not the case this time in the Afghan capital as the US dollar has been devalued against Afghani but the prices have not been decreased yet.
Residents of Kabul complain as saying, one dollar was exchanged for 105 Afghani which is 85 now but the prices of flour, cooking oil, gas, fuel, and other food items have merely decreased by 10 or just over 10 percent.
Whole sellers of food items in Kabul do not deny the prices being unchanged but added that Russia is no longer sending wheat to Kazakhstan which has led to a decrease in the country’s flour export to Afghanistan.
Likewise, the electricity of Afghanistan, the country is fully dependent on its neighboring countries when it comes to food items.
Since the business is done by the dollar, an increase in its value leads to a spike in prices.
