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DAB to auction $16 million on Saturday

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Da Afghanistan Bank (DAB) says it will auction $16 million on Saturday, aimed at keeping the value of the country's currency stable in the market against foreign currencies. 

Da Afghanistan Bank also known as the Central Bank of Afghanistan auctioned $17 million on February 27, and $15 million on February 23, as part of the continuous efforts to keep the value of Afghani stable against foreign currencies.

The bank has asked qualified private banks and exchange companies to participate in the auction, which is scheduled to be held on Saturday, March 4. 

According to DAB, the winners of the auction are obliged to liquidate their accounts by the end of the day. As per the announcement, partial settlement of transactions is not allowed and the winners of the auction are obliged to transfer the payable amount to the central bank in cash within a certain time. The exchange rate of one USD is announced to 89 Afghanis as of yesterday, March 2, 2023.

Since the Islamic Emirate took control of the country in August 2021, the value of Afghani has remained relatively stable, which is considered a positive sign for the war-torn country with an economy mostly dependent on foreign aid.

A number of economic experts meanwhile believe that one of the main reasons behind Afghani’s stable value is the inflow of dollars to Afghanistan in the form of international humanitarian aid, which satisfies the demand of the market to some extent.

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Stanikzai says media is an essential part of society

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Sher Mohammad Abbas Stanikzai, the political deputy foreign minister, says media is an essential need in society.

Speaking at a seminar aimed at improving the capacity of spokespersons from ministries and independent government institutions, Stanikzai emphasized the importance of access to information and the vital role of media in Afghanistan.

"In today's age, media and spokespersons are a significant need for society and the country, and this sector must be strengthened. Spokespersons must be strong and able to withstand any situation. In order to cope with the circumstances, they should strive to have comprehensive information not only about their work environment but also about the country and society,” he said.

Khabib Ghafran, spokesperson for the Ministry of Information and Culture, also addressed the seminar and said: "The main goal of this seminar is to discuss how to improve the capacity of spokespersons in central departments of the Islamic Emirate and how to address the issue of access to information."

Meanwhile, some journalists and organizations supporting journalists are calling for timely and comprehensive information to be made available to them.

Hujatullah Mujaddidi, head of Afghanistan Independent Journalists Association, said: "It is the responsibility of journalistic and media institutions to support the media by enhancing journalists' capacities, improving media literacy and ethics, and working on maintaining neutrality and innovation."

Rohullah Danish, a journalist, stated: "It is necessary that Afghan media receive more support because they play a significant role not only in information publication but also in education and cultural development within society."

After three years, journalists say they are still facing challenges regarding access to information, and that this issue has not been fully resolved.

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Egeland says Donald Trump’s aid pause ‘disastrous’ for Afghanistan

Trump signed an executive order temporarily suspending all US foreign assistance programs pending reviews to determine whether they are aligned with his policy goals

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Trumps cut aid programs for 90 days

The head of a major humanitarian organisation said U.S. President Donald Trump's order to halt foreign aid for 90 days would have immediate and disastrous consequences in Afghanistan where relief operations are already stretched thin.

Trump signed an executive order temporarily suspending all US foreign assistance programs pending reviews to determine whether they are aligned with his policy goals.

It was not immediately clear how much assistance would initially be affected by the Monday order as funding for many programs has already been appropriated by Congress and is obligated to be spent, if not already spent.

The scope of the order was not clear, including whether it applied to Afghanistan's humanitarian funding, which is channelled through NGOs and United Nations agencies.

Jan Egeland, the secretary general of the Norwegian Refugee Council, told Reuters that the decision had left agencies reeling as they braced for further cuts from the biggest donor to Afghanistan.

"A 90-day suspension of all aid, no new grants, no new transfer of funding, will have disastrous consequences immediately ... for an already starved aid operation for very poor and vulnerable girls and women and civilians in Afghanistan," he said during a video interview from Kabul late on Tuesday.

Afghanistan is home to more than 23 million people requiring humanitarian assistance - more than half the country's population - but aid has shrunk as donors face competing global crises and diplomats raise concerns about the Islamic Emirate’s restrictions on women in most areas of public life, including education and health.

Development funding that formed the backbone of government finances was cut after the IEA took over and foreign forces left in 2021.

Reuters reported last year that non-governmental groups played a critical role in filling the humanitarian void.

"If you go back in time it was a well funded operation, we got development assistance, then we could have perhaps have lived through three months of suspension, we cannot any more," Egeland said.

Trump told a rally shortly before taking office that aid to Afghanistan would be contingent on getting back billions of dollars of military equipment that U.S. forces left behind.

 

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Chinese national killed by unknown gunmen in Takhar province

Police gave the man’s name only as Li, and said the victim had been on his way to Dasht Qala in Takhar when he was shot.

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Takhar Provincial Police Command said Wednesday a Chinese national was killed by unknown gunmen in Takhar Province on Tuesday night.

Police gave the man’s name only as Li, and said the victim had been on his way to Dasht Qala in Takhar when he was shot.

Mohammad Akbar Haqqani, head of press and public relations department for the police command, said in a statement that the man had decided to travel without informing authorities.

Haqqani said: "This Chinese citizen and his interpreter intended to travel for an unknown reason without informing the officials of the Chinese office and the security officials of the office. Unfortunately, he was killed by unknown gunmen on the way to Dasht Qala of Takhar province."

He added that the man’s translator was not harmed in the incident. Haqqani stated that police have started its preliminary investigation.

No group or person has yet claimed responsibility for the incident.

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