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Afghan Senate accuses central bank officials of “violating law”

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(Last Updated On: June 30, 2020)

Members of the Upper House of the Afghan parliament said that the Central Bank Governor Ajmal Ahmadi, contrary to principles, has fired his deputies and staff, calling him a “tyrant”.

In a video released on social media shows that Afghan Central Bank – Da Afghanistan Bank -security guards did not allow Wahid Nooshir, the organization’s first deputy, to enter his office.

Nosher, in a Facebook post, said that as per the oral direction of President Ghani he intended to resign from his post on Monday, but he was not allowed to enter the Bank.

Nosher accused Ajmal Ahmadi of breaking administrative principles.

Qasim Rahimi, dismissed deputy head of the Central Bank of Afghanistan also considers the attitude of the head of this institution towards the bank’s employees against the law and principles.

According to the article Seven of the Da Afghanistan Bank Law, the Supreme Council of Da Afghanistan Bank shall be composed of seven members, as follows: Governor as Chairman of the Supreme Council First Deputy Governor as Vice Chairman of the Supreme Council Five other members.

The article says that “[All] members of the Supreme Council shall be appointed by the President of Afghanistan with the consent of the parliament of Afghanistan.”

Article 12 of the law says that the Governor, the First Deputy Governor, and any other member of the Supreme Council, of Da Afghanistan Bank, shall be suspended or removed from office by the President of Afghanistan.

“No member of the Supreme Council shall be suspended or removed from office before a hearing has been held by the President of Afghanistan where such member or his legal representative has presented his reasons,” read the law.

Meanwhile, lawyers say that if any employee of the organization is accused of corruption, only the judiciary has the right to review the case, and then the leadership must decide.

On the other hand, officials at the Integrity Watch of Afghanistan and economic experts are concerned about the current situation at the Central Bank of Afghanistan, saying that the continuation of such a situation will put the financial institution in crisis.

The head of the Central Bank of Afghanistan has not commented on the reason for the dismissal of his two deputies, but a statement from the organization said that the latest measures were taken in accordance with Article 20 and the third paragraph of the Central Bank of Afghanistan law.

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Three-day expo of Iranian goods and services underway in Kabul

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(Last Updated On: September 23, 2020)

Iran is hosting a three-day trade exhibition in Kabul in the hope of strengthening bilateral trade ties with Afghanistan. 

Speaking at the event, Iran’s Ambassador to Afghanistan Bahador Aminian said the exhibition aims to promote trade and share technical “know-how” with Afghanistan. 

Iran’s Commercial Consular in Kabul Javanmard Qassab said the exhibition will last for three days in an effort to introduce Iranian products to Afghan customers.

He said the embassy was hoping to sign agreements between Iranian and Afghan businesses. 

Trade value between the two countries has now topped $1.5 billion, with Iran exporting a large amount of goods to its neighbor annually. 

Afghan traders are also showcasing their products to Iranian businesses.

 Representatives of 21 Iranian companies that offer services within the municipal sector are participating along with 54 other Iranian companies. 

These companies are from a cross-sector of the commercial industry including technical and engineering services, along with electricity, energy and telecommunications providers.

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Gov’t approves four wind and solar power projects

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(Last Updated On: September 22, 2020)

The Afghan High Economic Council has approved four wind and solar power projects in Herat, Kabul and Balkh provinces.

Laima Khurram, director of public-private partnership policy at the Ministry of Finance, said the projects would cost an estimated $160 million.

“One of the wind power projects is in Herat with a capacity of 25 megawatts, another 40-megawatt solar power project is in Mazar, another 25-megawatt solar power plant is in Herat,” she said.

The projects are part of a public-private partnership between the government and the private sector.

This comes after last month’s agreement between the Afghan government and an Emirati company to generate 3,000 megawatts of solar power in Afghanistan. 

Afghanistan currently needs 2,000 megawatts of electricity to light homes and power the economy. However, it relies heavily on imported power from neighboring countries.

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Atmar addresses concerns of Afghans in Tajikistan

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(Last Updated On: September 19, 2020)

On a two-day official visit to Dushanbe, Tajikistan, acting foreign affairs minister Haneef Atmar met with a number of Afghan refugees, students and business owners at the Afghan Embassy on Friday evening where he discussed challenges they are facing. 

In a statement issued by foreign affairs on Saturday, the ministry said Atmar assured students and business owners that problems they have been dealing with – specifically due to COVID-19 – would be addressed as soon as possible. 

Easy border crossings for bilateral trade was also addressed and the embassy was instructed to assist refugees with problems they are facing, the statement read. 

Addressing Afghan students that attended the meeting, Atmar said it was important for them to return to their home country once they had completed their studies so as to help with the development of Afghanistan.

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