Addressing a press conference on Wednesday, DAB head Khalil Seddiq said some profiteers are hoarding of foreign currency as Iranian Rial and Pakistani rupees are also losing their values against the US dollars.
He also cited the hike in the US value and high demand of the USD in Iran and Pakistan and decline in Iranian and Pakistani currency as other reasons behind the soaring USD value in Afghanistan.
Other factors such as trade deficit, low domestic production and political instability and insecurity further contribute to the decline in Afghan currency.
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