Business
Afghan Notes Loses its Values: Money Exchangers
A number of money ex changers in Shazada Market where all kinds of currencies are being changed have expressed their concerns on reckless way of keeping Afghan currency, saying Afghans do not pay attention on keep Afghan currency.
They have warned if the current condition continues Afghan currency will lose its values within the markets.
Afghani Notes presents the National Identity of the country, unfortunately its being exchanged and kept recklessly.
Head of the money ex changer Khan Mohammad said,” if any of us do not pay attention to keep the Afghan currency on its standard way, it will lose its values.”
Kabul resident Wahid has blamed the Government for not paying attention on keeping Afghan currency in its standard way,our Government do have problems on political and economic aspects.
The other Kabul resident Khalid said,” when the Afghan currency becomes old enough no one is willing to exchange it,therefor its everyone responsibility to keep the Afghan currency in its standard way.”
The concerns come after that some of the provinces located in east,west and south of the country while purchasing necessary materials do not use Afghan currency (Afghani) rupees.
Reported by Nabila Hafizi
The Ministry of Commerce and Industry said Thursday it has signed cooperation agreements with ten institutions to support the development of small and medium-sized enterprises.
Nooruddin Azizi, Acting Minister of Commerce and Industry, said: “In the implementation of projects, we must pay special attention to our activities and actions and try to make useful use of the projects according to the requirements and benefit the beneficiaries.”
These ten institutions are to present their projects, the total value of which is around over $1.1 million. The projects will be carried out in Kabul, Baghlan, Ghor, Herat, Logar, Nangarhar, Balkh, Badakhshan and Jawzjan provinces and provide direct jobs for about 1,000.
To date, the ministry has signed MoUs for 72 projects in total, collectively valued at about $53.6 million.
These agreements have been signed with domestic and foreign companies for the establishment of small and medium-sized businesses.
In accordance with the principles and laws of the Islamic Emirate and prioritizing the implementation of projects for immigrants and returnees and internally displaced people, the ministry said 635,865 people will benefit through jobs directly and over 4.3 million will benefit indirectly in 25 provinces once these projects are implemented.
The National Statistics and Information Authority (NSIA) confirmed Tuesday that in the last month of solar year 1402, (March 2024) Afghanistan’s exports totaled $141.1 million and imports totaled $789.6 million.
This was down from $174 million for exports in the same period in 1401. However, imports increased by $99.2 million in 1402, up from $690.4 million.
Most exports in the last month of 1402 went to Pakistan, India and the United Arab Emirates, while in the last month of 1401 exports went to Pakistan, India and China.
The Ministry of Interior said the governor of Herat province Islam Jar met with Alim Khan Yasin Gildaye, Ambassador of Kazakhstan to Afghanistan, to discuss various issues around trade.
According to the ministry, the two sides discussed the expansion of trade facilities, increasing the volume of trade exchanges between traders of the two countries, reducing customs tariffs, solving the challenges of traders and issuing visas to them.
The Afghanistan-Kazakhstan Chamber of Commerce has been opened in Herat in order to facilitate and increase trade between the two countries.
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