Business
Afghan currency hits new low against the US dollar
Afghanistan’s national currency, the Afghani, lost significant value against the US dollar on Tuesday trading at a dismal 100 AFN to the dollar.
This was against Monday’s rate of 96.9 AFN to the dollar.
Da Afghanistan Bank, Afghanistan’s Central Bank, said in a statement that the stronger US dollar, as well as the high demand for dollars in Afghanistan, has caused the sharp drop in the value of the AFN.
The Bank in turn called on the public to only use Afghani’s in daily trade transactions in order to help stabilize the national currency.
Economists have said the drop in value of the AFN will directly impact the lives of Afghans, who are already struggling under a collapsing economy.
They said the weak Afghani will lead to an increase in the price of raw materials, fuel, and food supplies as most of these products are imported and paid for in US dollars.
Members of the public have meanwhile also raised concerns about the banking services in the country which have still not returned to normal following the collapse of the previous government.
Banking clients have for months been forced to queue for hours to draw money from banks – which sometimes run out of cash.
“It is too crowded; we came at 3am and already there were 200 people [waiting in line]… after three or four days of waiting you manage to withdraw money,” said Mawlana, a resident of Kabul.
Last month, the Central Bank eased restrictions on withdrawals, allowing people to withdraw up to $400 or 30,000 Afghanis a week and up to $1,200 or 100,000 Afghani per month.
Business
CASA-1000 power project on track to launch in 2027
Once operational, CASA-1000 is expected to strengthen regional energy security, support economic integration, and expand electricity trade across Central and South Asia.
The long-delayed CASA-1000 energy project is expected to begin commercial operations in summer 2027, with construction in Afghanistan due for completion earlier that year, officials said.
Progress on the power project was reviewed during meetings in Dushanbe between April 18 and 20, involving Tajik authorities, Afghanistan’s state power utility Da Afghanistan Breshna Sherkat, the World Bank, and engineering firm KAMANI Engineering Corporation.
Tajik Energy Minister Daler Juma said the project is key to boosting regional cooperation and enabling the export of surplus hydropower from Central Asia to energy-deficient markets in South Asia.
Construction has already been completed in Kyrgyzstan, Tajikistan and Pakistan, while work continues in Afghanistan. According to officials, the Afghan segment is on track to be finalized by spring 2027, paving the way for full project operations later that summer.
Once operational, CASA-1000 is expected to strengthen regional energy security, support economic integration, and expand electricity trade across Central and South Asia.
Business
Afghanistan, Uzbekistan and Kyrgyzstan agree on framework to boost trade and transit
Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.
Afghanistan, Uzbekistan and Kyrgyzstan have agreed to strengthen regional trade and transit cooperation following a high-level trilateral meeting held in Tashkent on the sidelines of the INNOPROM Central Asia expo.
Afghanistan’s Minister of Industry and Commerce Nuruddin Azizi met with Laziz Kudratov, Uzbekistan’s Minister of Investment, Industry and Trade, and Sanzhar Iskenderovich Asylkulov, Deputy Minister of Economy and Commerce of Kyrgyzstan, to discuss measures aimed at facilitating transit procedures, increasing trade volumes and expanding Afghan exports to Central Asian markets.
Officials said the talks focused on easing the movement of goods, particularly Afghan export products destined for Uzbekistan and Kyrgyzstan.
At the conclusion of the meeting, the three sides agreed to establish a joint working group to oversee implementation of the proposed initiatives. They also reached agreement on Afghanistan’s membership in the exhibition platform.
The event brings together participants from across Central Asia, as well as Russia and Belarus, providing a platform for industrial cooperation and investment.
Officials say Afghanistan’s participation is expected to open new opportunities for local industries to showcase products and strengthen their presence in regional markets, while the agreement marks a step toward deeper economic integration and improved regional connectivity.
Business
Afghanistan showcases industry at key Central Asia expo
The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
Afghanistan is making a notable showing at the INNOPROM Central Asia, one of the region’s largest industrial platforms, as Minister of Industry and Commerce Nuruddin Azizi travels to Uzbekistan to attend the event.
The exhibition brings together government officials, investors and manufacturers from across Central Asia and beyond, including participants from Russia, Belarus, Kazakhstan, Kyrgyzstan and Tajikistan.
It is aimed at promoting industrial development, showcasing advanced technologies and expanding regional investment cooperation.
According to Afghanistan’s Ministry of Industry and Commerce, more than 60 Afghan companies are taking part, representing sectors such as cotton, coal, pharmaceuticals and agricultural products.
Officials say the participation highlights efforts to strengthen trade ties and position Afghanistan as a growing economic partner in the region.
INNOPROM Central Asia is widely regarded as a key platform for fostering industrial collaboration and unlocking new investment opportunities across Central Asia.
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