The Afghani (AFN) has strengthened by 4.4 percent against the US dollar since last year. Officials of Afghanistan’s central bank said.

The stability of the Afghan currency began to take hold between January and March 2022 when UN cash shipments began, and the de facto authorities exerted strong controls on the illegal export of foreign currency. The World Food Organization said.

Afghan authorities on Sunday, in a bid to increase the circulation of local currency, decided to ban trade in Pakistani rupee in southeastern Khost province.

Turkish President Recep Tayyip Erdogan on Sunday stated that the US dollar's reign on global trade should come to an end by adopting trade with local currencies between countries.

Iran’s national currency set a new record low against the US Dollar on Sunday as a result of a race that it appears to be losing on two key fronts: the greenback and the gold.