Currency: There is a situation of tension all over the world, ever since the war between US and Iran started, the whole world is suffering from it. Especially it is having a huge impact on India. The prices of petrol and diesel have increased in the country, gas prices have also increased. Apart from this, the country’s currency i.e. Rupee has also become weak. Seeing this, many people have assumed that the country is becoming poor. But do you know that the weakening of the currency of any country never makes the country poor. Let us know why?

Weak currency, poor country!
Amid the ongoing crisis in the Middle East and the strengthening of the dollar, the pressure on the currencies of many countries has increased. In such an environment, the question often arises whether a weak currency means that the country is economically weak or poor? The answer to this question is no! Not at all. The biggest example of this is Japan, which proves this notion wrong.

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Japan’s currency yen has weakened significantly against the dollar in recent years. Many times its price appears lower even than the Indian rupee. Despite this, Japan is the fourth largest economy in the world and continues to dominate technology, automobile, electronics and machinery manufacturing.

How is Japan becoming stronger?
Actually Japan is an export based country. That means there is more production in this country which is exported to other countries also. This brings money into the country and strengthens the country. On the contrary, India is an import based country, we buy more goods from other countries, hence our rupees are spent more. When Yen (Japan’s currency) is weak, Japan benefits more. Because this makes Japan’s exports cheaper and its earnings increase.

At the same time, amidst the current global conditions, investors still consider the Japanese Yen as a safe investment option. This is the reason why Japan’s economic condition remains strong even when there is increasing turmoil in the international markets.

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Afghanistan’s Foreign Minister Aamir Khan Muttaki is currently on a tour of India, which is a topic of discussion at present. This visit clearly shows that relations between India and Afghanistan are good. After America’s departure in the year 2021, Taliban captured Afghanistan, after which they formed their government there. However, India has not yet recognized them. Despite this, both the countries insist on good relations with each other. Meanwhile, if we talk about Afghan currency, it is surprising. Afghanistan is a poor country. Despite this, the currency here is more valuable than the Indian rupee. According to the report of XE.com, the value of 1 Afghani rupee is equal to 1 rupee 33 paise in India, whereas the value of 1 rupee in Afghanistan is only 0.75 paise.

It is shocking that how can the currency become so strong in Afghanistan under Taliban control, where unemployment, illiteracy and poverty are at their peak. Actually, there are many interesting reasons behind this. The Taliban government has banned the use of US dollars and Pakistani rupees. Due to this, the demand for foreign currency within the country has reduced and the price of Afghan rupee remains stable.

Value of Rs 1 lakh in Afghanistan
For example, if an Indian earns 1 lakh rupees in Afghanistan, then after coming to India its value will be 1 lakh 32 thousand rupees, which is 32 thousand more than the 1 lakh earned in India. This gap of 32 thousand is quite big in itself. However, if we talk about Pakistan and Bangladesh, the value of the currency there is much less than that of India. The value of 1 rupee in Pakistan is 3 rupees 17 paise, while the value of 1 rupee in Bangladesh is 1 rupee 37 paise.

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