The Taliban-controlled Afghanistan Central Bank (DAB) claims that the Afghani currency has been recognised as the most stable currency among South Asian Association of Regional Cooperation (SAARC) members.
In a statement on Saturday, the group claims that at the 43rd meeting of SAARC Finance in Islamabad, Pakistan, on 2 and 3 April, DAB and Afghani had been recognised for monetary and inflation stability.
However, the Taliban’s claim has not been independently verified and the Pakistan Central Bank who hosted the meeting has not mentioned Afghanistan in its communique.
The value of the Afghani currency has decreased since the Taliban regained control of Afghanistan due to a liquidity crisis. However, the United Nations has sent around US$2 billion in cash in less than two years, which has stabilized the currency to some extent.
SAARC comprises eight member states: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The Secretariat of the Association was set up in Kathmandu on 17 January 1987.
