US forces in Afghanistan to use local currency

US troops deployed in Afghanistan will conduct all business in afghani in an effort to stabilise the Afghan currency, a local newspaper reported Sunday.

KABUL: US troops deployed in Afghanistan will conduct all business in afghani in an effort to stabilise the Afghan currency, a local newspaper reported Sunday.
US troops currently use US dollars for business transactions.

Noorullah Dilawari, head of Afghanistan's central bank, said that an amount of $40 million was going to Afghan businessmen from the US forces' budget every month.

The dollars would now be transferred into afghanis through the central bank and would be paid in local currency to the US troops, he said.

The method would help the central bank better control the amount of dollars in the market, Dilawari said.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › US forces in Afghanistan to use local currency
Text Size:AAA
Success
This article has been saved

*

+