Afghanistan’s currency is stronger than India’s as a result of curbing corruption

On August 15, 2021, the Taliban took control of Kabul, the capital of Afghanistan. Then US troops left the country. Since then, the organization has been managing the administrative work of Afghanistan. They have imposed various new rules and obligations on the country. After the Taliban came to power, many countries stopped trading with Afghanistan. Most countries do not recognize the Taliban as a government in Afghanistan. The Taliban government is officially supported only by Pakistan, Saudi Arabia and the United Arab Emirates.

Besides, countries like China, Russia, Iran, Myanmar, Qatar, Belarus, North Korea, Syria have good relations with the organization even if they do not say it officially. India’s economy is much bigger than Afghanistan’s. However, the difference in the currency value of the two countries is small. Afghanistan is even ahead of India in this regard. Not only India, Afghanistan’s currency is stronger than the currency of Afghanistan, Bangladesh, Pakistan, Sri Lanka, Iran.

Currently, one US dollar is roughly equal to 83 Indian rupees. There, the value of the currency of Afghanistan against the dollar is only 75.72 Afghanis. After the Taliban came to power, Western countries, including the United States, imposed several sanctions on Afghanistan. 8 billion dollars in foreign aid to Afghanistan was cut off. How did the Afghani go ahead of India’s rupee? Experts say, behind this is the commercial structure of Afghanistan.

Afghanistan is a country from which large quantities of fruits and other goods are exported. In comparison, the Taliban government buys very few goods from outside. After coming to power, import smuggling, corruption has been strictly curbed. The Taliban has also imposed several restrictions on bank transactions. The Taliban have made money by exploiting iron ore, marble, copper, zinc, gold and several rare minerals. The tax system of the country has also filled their treasury.

Mining is the main source of wealth for Afghans. There are more than 1400 mines in the country. Metals like coal, copper, gold, iron, lead, chromite are found here. Lithium is becoming a trump card for Afghanistan. Because the value of this metal is huge in the international market. China is investing a lot of money in Afghanistan because of its lithium mines.

Mineral oil is also found in Afghanistan. Besides, there are various important stone, sulfur, lithium mines in Afghanistan. A lot of the country’s income is from these. Foreign donations to Afghanistan are also not low. Despite not liking the Taliban government, many foreign organizations send financial aid to Afghanistan for the welfare of the common people of the country. Many people help personally.