Afghanistan has announced that it will re-denominate its currency, replacing old bills (banknotes) with new ones, worth one-thousand times more.
A government statement issued today (Wednesday) said the new currency will still be called the Afghani and that distribution will begin soon. It said two plane loads of the new Afghani notes printed in Germany have already arrived in Kabul.
Experts say the new currency - if it is distributed properly and wins the public's acceptance - could help bring stability to the war-torn country.
Currently there are two legal versions of the Afghan currency in circulation. However, one version, which is used in northern Afghanistan, is worth only half the value of the other version, which is used in the rest of the country.
Currency dealers in Kabul said the value of the Afghani plunged Tuesday because of concerns over its re-denomination. They said one U-S dollar sold for up to 52-thousand Afghanis, compared to 40-thousand the day before.