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Afghanistan launches first new coins since fall of Taliban

Turkish Press
April 12, 2005

KABUL - Afghanistan unveiled three new coins Monday, the first since the fall of the Taliban, in another step towards creating a stable currency for the war-torn country, officials said.

The Afghan central bank launched one, two and five Afghani coins to replace banknotes of the same denominations that were launched two and a half years ago.

"It is a source of great pride that today we introduce the one, two, and five Afghani coins to the market to meet our people's needs," said the governor and president of the Afghan central bank, Noorullah Delawari.

"The use of coins will facilitate payments in buses and help give change for larger notes," he added.

The one, two and five Afghani coins, which were made in France, are made of steel and are covered with copper, stainless steel and bronze.

By the time the Islamic Taliban regime fell in late 2001, the Afghani currency had become worthless following more than two decades of war and was illegally reprinted in several countries, leading to spiralling inflation.

In October 2002 the government relaunched the currency using only banknotes. Since then the Afghani has been stable at between 45 to 50 Afghanis to the dollar.

 

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