KABUL, March 23 (Xinhua) -- Afghanistan's central bank, Da Afghanistan Bank, announced on Monday that the local currency afghani has strengthened by 9.93 percent against the U.S. dollar during the Persian calendar year of 1404, which concluded on March 20.
The surge is the result of "prudent, balanced and efficient monetary policies" implemented by the bank, the bank's spokesman Hasibullah Noori told local media outlet Ariana News.
"Over the past year, we have expanded digital banking services, withdrawn worn-out banknotes from circulation, and injected newly printed notes into the market," Noori said.
According to the official, these measures, combined with strategic interventions in the foreign-exchange market, have helped stabilize and strengthen the national currency.
Mwabwgile, the bank injected millions of U.S. dollars into the money-exchange market throughout the year to prevent depreciation. ■