BLACK MARKET DOLLAR RATES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP82-00457R002200170005-8
• Release Decision: RIPPUB
• Original Classification: C
• Document Page Count: 1
• Document Creation Date: November 9, 2016
• Document Release Date: December 21, 1998
• Sequence Number: 5
• Publication Date: November 1, 1948
• Content Type: REPORT

CLASSIFICATION ' T T L/C0T1 TR0L .U .S . o F i IC]AI CELT1 A2g
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Sanitized - A f fi~ ~~ M
COUNTRY Afghanistan
-SUBJECT Black Market Dollar Rates
PLACE
ACQUIRED
DATE OF IN
25X1A6a
NO. OF ENCLS.
(LISTED BELOW) .
Although the present legal rate of exchange is ]1 afghanis to the dollar,,
in the black market the rate is 25 to the dollar. American teachers and
Morrison-Knudson employees have been supplying illegal channels with
$1,000 to $3,000 a month. Most of these dollars are bought up by contact
men for large Afghan importers. Until recently, Afghan businessmen were
allowed to keep 20 percent of their dollar receipts from"trade with the
United States, but now the amount is only 10 percent, which accounts for
the increase in the black market dollar rates.
.2. Recently, an American sold dollar currency in Peshawar for 5 rupees to the,
dollar to a street corner money changer.
CIA LIBRARY
Document No.
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Sanitized - Approved For Release : CIA-RDP82-00457R002200170005-8
CD NO.
.DATE DISTR. 29 FjGe 1,943
X1A2g
NO. OF PAGES 1