Afghanistan is seeing sharp rises in food prices despite a weaker US dollar, with flour, rice and cooking oil becoming costlier. Shopkeepers and residents say purchasing power has dropped, while authorities cite monetary policies as households struggle amid import and transit challenges.
Analysts said the rally reflects a confluence of macroeconomic and geopolitical factors that continue to reshape investor behaviour. They believed that a weaker US dollar as well as escalating geo-political tensions are being reflected in the continuous surge in the prices.
Islamabad [Pakistan], December 23 (ANI): In Pakistan the exchange rate witnessed a persistent decline against the US dollar for the last several months because of the fall in foreign remittances by 6.6 percent despite contradicting claims by Pakistan economic managers.