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Afghanistan Maintains its Currency Banking Policy Stable Vs Neighboring

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(Last Updated On: October 25, 2022)

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Officials in Central Bank of Afghanistan have said,” that Afghanistan has maintained its currency Banking policy against neighboring countries policies stable in 2014 despite of severe banking challenges.”

They have refused decreasing of the note banks supplies, contrary to that supplying note banks increased in 2014 within the bank.

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Acting Central Bank of Afghanistan Khan Afzal Adawal said, “despite of severe challenges in the country with good predication and programs we have been capable to maintain the values of the Afghanistan note banks against neighboring countries policies.”

He also said,” the financial aids which are being granted to Afghanistan is based on US Dollar which we exchange it into Afghani; we have also raised the level of the investments and benefited much out of it.”

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A number of the Afghan analyzers criticized the Banking policies and economy of Afghanistan for the past 13 years saying the National Unity Government NUG should adopt necessary and determined polices for growing of internal production.

Afghan expert Kakojan Niazee said,” though Afghanistan Government didn’t have suitable programs to keep the Afghan currencies stable but the National Unity Government should take this issue seriously.”

The following optimisms comes after beginning of National Unity Government the level of poverty, joblessness and unemployment is raised and it made the National to worry about their future.

Reported by Nimatullah Ahmadi

 

 

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Azizi calls on Malaysian investors to invest in Afghanistan

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(Last Updated On: April 24, 2024)

Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.

The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.

According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.

According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.

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Afghanistan starts exporting via railway to Turkey

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(Last Updated On: April 22, 2024)

The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.

In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”

The ministry added that one train will run daily for a month and then two trains will run daily.

According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.

Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.

As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.

This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.

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Afghanistan, Kazakhstan to hold joint expo in Kabul

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(Last Updated On: April 21, 2024)

A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.

Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.

“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”

According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.

Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.

During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.

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