Over the last few months, Afghani currency has been considerably devalued against other foreign currencies, especially US dollar (USD). Only within the last six months 10% deflation have been observed in Afghani against the USD. According to the statement issued by the Central Bank of Afghanistan, the reason why Afghani is sliding down against USD is the overall strength of dollar in the international market as well as the substantial decrease in the foreign aid to Afghanistan.

Upon the dictates of IMF, the Afghan government is selling USD in the market in order to prevent the Afghani from further inflation. On the other hand Afghanistan is keeping USD as its reserves, therefore stability of Afghani is directly related to the stability of USD, and even a slight change in USD in the international market has a drastic effect on the value of Afghani.

The Media Office of Hizb ut Tahrir Wilayah Afghan considers Capitalist Democracy as the root cause of currency inflation, that leads to poverty, price hike etc. Moreover, it is only an Islamic Economic System which can take Afghanistan out from the economic crises, and it will stop inflation by paging the currency to bi-metallic standard of gold and silver. It is the Islamic system that will dispose of the current system along with its beneficiaries, the ruling elite, and will radically replace them with a sincere leadership, and a divine system. Unlike the current system of fiat money, the Islamic state will print as much money as gold and silver it has in reserves for it, which would protect the Ummah’s currency from adverse global influences.

Media Office of Hizb ut Tahrir in Wilayah Afghanistan

Monday, 16th Dhul Qi’dah 1436 AH

31/08/2015 CE

Ref.: Afg.1436/17