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Talks underway to ditch the US dollar in Afghan-Iran transactions

Negotiations are ongoing between Afghanistan and Iran to sideline the US dollar in bilateral transactions, the deputy governor of the Central Bank of Iran (CBI) said this week.
According to media reports, Mohsen Karimi, the head of the CBI, said talks are ongoing between the two countries for the implementation of “offshore rial” in Afghanistan.
Karimi said the “offshore rial” is used with the aim of supporting the economic activity and exporters of the private sector of the country.
Recently, CBI Governor Mohammad Reza Farzin announced that Tehran plans to use the “offshore rial” for trade with Russia, Afghanistan and Iraq. He also said at the time that the idea of ditching the US dollar has produced positive results.
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About $80 billion worth of US military equipment abandoned in Afghanistan: Vance

US Vice President JD Vance said on Friday that Joe Biden administration left about $80 billion worth of military equipment in Afghanistan, which was a “catastrophic error.”
Vance made the remarks during a visit to a military base in Greenland.
He also said the Biden administration’s “catastrophic error” led to the deaths of 13 US soldiers in an attack during the evacuation at Kabul airport in August 2021.
Earlier, US President Donald Trump also criticized the abandonment of military equipment in Afghanistan and called for its return.
The Islamic Emirate, however, has said that the weapons left by the US in Afghanistan belong to the Afghans and will not be returned.
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IEA frees over 2,400 prisoners on the occasion of Eid

The Supreme Court announced on Saturday that based on the ruling of the supreme leader of the Islamic Emirate, 2,463 prisoners have been pardoned and released on the occasion of Eid al-Fitr.
The court said in a statement that the prison terms of another 3,152 prisoners have been reduced.
Eid in Afghanistan will be celebrated on Sunday or Monday, depending on the moon sighting.
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Economic Commission approves feasibility studies of four dams in different provinces

The Office of the Deputy Prime Minister for Economic Affairs on Saturday announced that feasibility studies of dams in four provinces of the country will begin this solar year.
The Economic Commission, led by Deputy PM Mullah Abdul Ghani Baradar, in its recent meeting decided to include the survey and feasibility projects of Grumby Dam in Maidan Wardak, Qara Tiri Dam in Balkh, Shana Nari Dam in Kandahar, and Wuch Nari Dam in Paktia in the budget for the fiscal year 1404.
In the meeting, the issues of construction of the Kandahar bypass highway, construction of Arghistan Dam, 90 km of electricity line from Kabul to Jalalabad, and completion of Sheikh Misri substation in Jalalabad were also discussed, and it was decided that the Ministry of Finance will allocate the revenues obtained from the Ganda Kotal lead and zinc mine in Yakawlang district of Bamyan province to these projects.
The Economic Commission meeting also approved a plan for the private sector’s investment in a 40 megawatts solar power generation project in the Hesar Shahi Industrial Park in Nangarhar province. According the plan, the private sector will invest $50.69 million in the project.
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