Editor in Chief: Moh. Reza Huwaida Monday, April 29th, 2024

The Implications of Rial Plunge on Afghans

One of the important aspects of ongoing currency crisis in Islamic Republic of Iran is its impacts on the lives of hundreds of thousands of Afghans living in Islamic Republic or those who depend on their revenues. Based on the statistics, there are more than two million Afghans legally or illegally in the country. Parts of them are individuals whose families are living in Afghanistan and largely depend on their money.

Asking money exchangers, engaged in cash deliveries in Kabul as well as other cities, it is revealed how large number of Afghans subsists on the money send by their relatives working in Iran. During recent months, such transfers have tremendously decreased and immigrants are waiting to see that what will happen to present unbridled inflation and the plunge of Rial. There are some reports that some Afghan refugees have made their minds and started returning to Afghanistan because they are not able to provide for high rising living costs.

The situation for those refugees whose families are in Afghanistan is far more gruesome. They are saying that they are working more than 14 hours per day but yet hardly earn half million Rial which however could suffice a small family in Afghanistan when, for instance, the exchange rate between US dollar and Rial was around 1,200. But it now has multiplied and it stands on 3400.

So, with sketchy calculation, 3,400,000 Rial becomes only one thousand dollars which is equal to 50,000 Afghani. On the basis of this, a person who earns 500,000 Rial per month, it becomes only 8,000 Afghanis which is the rent of a house with two rooms in the poorest region of Kabul city. This situation has far larger psychological consequences too. The recent report about Afghan refugees rushing to Net Cafes in order to fill "Australian refugee form" is a sign of their desperateness.

Though, Australian embassy strongly denied the possibility of transfer of Afghan refugees from Iran to Australia, the propaganda spread with blink of eyes, still people were rushing to get the form in exchange of 10,000 cash. According to some local news agencies, some of people who even doubted about authenticity of the news yet still tried to pay for the form. They were saying if there is only 1% possibility, they should because they have reached to the end of the road and have no idea what to do.