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Afghan currency drops value by 15 % decline

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(Last Updated On: October 25, 2022)

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The Afghan currency has been rapidly losing its value against foreign currencies as it lost value by 15 % decline in the current year, said chairman of the Central Bank.

Khalil Sidiq, head of Central Bank declared that they have taken serious measures to reduce the exchange rate and will have legal interventions in currency market.

The Afghani is down 15 percent in the current year because of insecurity, capital flight, and absence of investments in the country.

The continuing fall of the local currency has not only worsened the Afghan economy but also dampened the Afghan spirit to rebuild the country, particularly at a time when they are preparing for an intense “Winter Offensive” against the armed Taliban group.

The fall of the Afghani has caused concerns not only among government officials but also among ordinary Afghan people.

“In the current year, the Afghani currency sank to 14.55 percent against foreign currencies, but we are trying to distribute enough money to the currency market to manage the exchange rate,” said, Khalil Sidiq, head of Central Bank.

The Central Bank spends tens of millions of dollars weekly to stem the fall of the Afghani as money continues to leave the country, traders said, reflecting a general lack of confidence to introduce reforms, stimulate growth, guarantee security and cut corruption.

Meanwhile, the officials in Dealers Union of Saraye Shahzada money exchange market in Kabul say that if the Central Bank distributes dollar to the market in a continued process, the dollar rate would be managed.

“With distributing money to the market three times in a week, the Central Bank can manage the dollar rate,” said Haji Zirak, spokesman of Saraye Shahzada Union.

In the past 14 years, despite the millions of dollars injected into the Kabul exchange market on a weekly basis, the bank is still unable to stop the Afghani free fall.

 

 

 

 

 

 

 

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ISIS-K leader reportedly living in Pakistan’s Baluchistan province

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(Last Updated On: March 28, 2024)

Sanaullah Ghaffari, also known as Shahab al-Muhajar, is reportedly the ISIS-Khorasan (Daesh) branch leader and is holed up in Pakistan, Reuters reports.

The 29-year-old took over as leader in 2020 and under his leadership the group has carried out extreme attacks as a means of recruiting, Reuters reported.

Reuters noted that little was known about Ghafari before the deadly 2021 ISIS attack on Kabul Airport, which killed 170 Afghan civilians and 13 American soldiers.

But after Friday’s deadly attack in a concert hall in Moscow, which left 139 people dead, Ghaffari’s group has come under intense scrutiny.

Reuters reports that Ghaffari is said to have been involved in several attacks in Afghanistan, Iran, Uzbekistan, Tajikistan and Pakistan.

Pakistani officials said months ago that Ghaffari had been killed in Kunar province in Afghanistan in June last year, but Reuters has reported that he did not die and instead fled to Pakistan and lives in the border province of Baluchistan.

Abdul Matin Qani, the spokesman of the Ministry of Interior of Afghanistan, says that Daesh has been suppressed in Afghanistan for more than two years and has lost its operational capacity.

The last attack carried out by Daesh in Afghanistan was the attack on the Kabul Bank office in Kandahar last week which left three dead and 12 wounded.

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IPL: Sunrisers thump MI in record breaking match

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(Last Updated On: March 28, 2024)

It was raining records at the Rajiv Gandhi International Stadium in Hyderabad on Wednesday with the hosts Sunrisers Hyderabad (SRH) clinching a 31-run victory over Mumbai Indians (MI) in Match 8 of the Tata Indian Premier League (IPL) 2024.

Sunrisers’ batting rewrote the record books on a batting belter after the posted 277 for three.

SRH now have the highest team score in the history of the IPL – beating Royal Challengers Bangalore’s (RCB) 263 for five from the 2013 season.

In reply, MI made a spirited effort, and at one stage, were contenders to do the near impossible. In the slog overs, the enormity of the target proved a bit too much, and SRH clinched victory, but not without numerous nervous moments.

To put into perspective the carnage we witnessed – Heinrich Klaasen’s 23-ball half-century was the slowest fifty of the SRH innings.

Travis Head, playing his first match for SRH, raced to the milestone in 18 balls. Abhishek Sharma got there even faster – in 16 balls – to record the quickest fifty by an SRH batter in IPL history.

While Sunrisers notched up the highest total in the 16-year history of the IPL, just as incredibly, Mumbai Indians almost paid them back with the same coin, their batters coming out with a nothing-to-lose attitude.

The sixes kept rolling off the Mumbai bats too, helping them keep up with the asking rate for most of the chase, eventually however, they ran out of steam and finished on 246 for 5, the highest IPL total in a losing cause.

As ESPNcricinfo reported, never were more runs scored in a men’s T20 match (523). Never were most sixes hit in a men’s T20 (38). At the end of the close to four-hour six-fest, only two bowlers returned with an economy rate of under ten an over.

Thursday, March 28 : Match 9

Thursday’s match at the Sawai Mansingh Stadium in Jaipur sees Rajasthan Royals go up against Delhi Capitals.

Fans in Afghanistan can tune in to Ariana Television to watch the match live from 6.30pm. Alternatively the match can be screened live on arianatelevision.com

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Magnitude 5.2 quake jolts Afghanistan

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(Last Updated On: March 28, 2024)

An earthquake measuring a magnitude of 5.2 on the Richter Scale jolted Afghanistan on Thursday afternoon, the National Center for Seismology reported.

The quake was at a depth of 70km and epicentered in the mountainous north-eastern area of Ashkāsham.

The jolt was felt across the region including in Kabul, Tajikistan, Uzbekistan, and Kyrgyzstan

There were no immediate reports of any casualties.

In October last year, over 2,000 people were killed when four 6.3-magnitude earthquakes struck in Herat province.

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