Afghanistan — Historical Events Description

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Afghanistan
Event
Currency Stabilization Measures Announced by the Afghan Government
Category
Economic
Date
1973-11-12
Country
Afghanistan
Description

On 12 November 1973, the Afghan government introduced new currency stabilization measures to address inflation and declining foreign reserves. Economists recommended tightening import controls and adjusting banking regulations. The policy aimed to protect purchasing power in urban and rural areas. Government ministries coordinated to monitor market pricing and transportation costs. The measures marked an important economic intervention during a turbulent financial period.