Islamic Emirate Monetary Policy and its Role in Afghanis’ Stability
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Abstract
This paper explores the monetary policy of the Islamic Emirate of Afghanistan (IEA) and its crucial role in stabilizing the Afghan currency, the Afghani, after 15 Aug, 2021. With the challenges of political instability, international sanctions, and limited access to foreign reserves, the IEA has had to navigate complex economic conditions. The paper examines the strategies implemented by the IEA to manage inflation, regulate currency fluctuations, and maintain economic stability in the face of these constraints. Particular attention is given to the role of Da Afghanistan Bank (DAB) and its policies, as well as the broader economic environment that impacts monetary decisions. Furthermore, the impact of international factors such as sanctions, foreign aid, and trade relations on the monetary policy of the IEA is assessed. Ultimately, the paper highlights the importance of developing a robust and autonomous monetary policy framework to achieve long-term economic stability and secure the Afghani’s value amidst ongoing challenges.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
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