Afghan Currency Plunges to Record Low
KABUL (AFP) – Afghanistan’s currency dived to a record low on Monday, taking its losses over the last week to 30 percent as an economic collapse and humanitarian crisis grip the country. There has been an enormous shortage of dollars since the Taliban seized power in August as international donors suspended billions in aid provided annually to the previous U.S.-backed regime. Afghanistan’s Money Exchange Commission said it has urged the central bank to intervene in the market to shore up the afghani, which sagged to 130 against the dollar in Monday trade, down from around 100 a week ago.