Business
Central Bank of Afghanitan Burns 5 Billion Worn Afghani Annually
Officials in Da Afghanistan Bank (DBA) have stated that we set fire about 5 billion worn Afghan currency annually, saying efforts are underway to in place the Electronic system through internet to protect the Afghan currency from going worn, demanding the people to maintain the currency while exchanging in markets.
Officials in Da Afghanistan Bank spoke about a new program to replace the current Afghan money exchange system in markets.
Da Afghanistan Bank Spokesman Emal Ashur said, “Efforts are underway to replace the current exchanging of money into an electronic system through internet, launching the electronic system will save the Afghan currency from going worn.”
Based on the estimation of the Central Bank of Afghanistan from 2005, 40 billion Afghan money was burned.
Meanwhile officials in Da Afghanistan Bank are optimistic over people, trusting Afghani currency.
“People began to trust over Afghan currency comparing to past time, in most part of the country residents are using the Afghan currency.” Da Afghanistan Bank Spokesman Emal Ashuri said.
The statement comes in where concerns are in rise that residents of south and east of the country are using Pakistani rupees while purchasing things in markets and Government as usual failed to avoid using of foreign currency.
Reported by: Aslam Hejaab
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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