Afghanistan launches new currency

AFGHANISTAN - Afghanistan launched a new currency on Monday aiming to regain control of an economy devastated by more than 23 years of war and internal strife.

Redenomination of the afghani will involve lopping three zeros from a currency so eroded in recent years it was trading at around 46,000 to the dollar on Sunday, reports Reuters.

The new banknotes, which go into circulation in Kabul from Monday and later in the week in provincial capitals, have a strong symbolic value, President Hamid Ka

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