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Afghan traders still unable to make foreign payments despite new license

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Members of the Afghan private sector said on Monday that investors and traders are still not able to transfer money to other countries, despite the US having issued a new license for commercial transactions last week.

The US Treasury issued a new general license last week allowing international aid organizations and private firms to conduct commercial and financial transactions with Afghan government institutions.

The new license represents a shift in US policy that had impeded ordinary commerce with Afghan government agencies headed by US sanctioned Islamic Emirate of Afghanistan (IEA) and Haqqani Network leaders since they came into power in August, Reuters reported.

The Afghan traders said that they are not able to synchronize Afghanistan’s commercial ties with the markets in the world.

“We still have problems. I bought material worth US$60,000 in the US, but I can’t transfer the money. The US should stop being cruel to Afghans,” said Sherbaz Kaminzada, head of Afghanistan Chamber of Industries and Mines (ACIM).

Afghanistan Chamber of Commerce & Investment (ACCI) officials meanwhile said that Afghan traders are facing enormous problems and that the central bank, Da Afghanistan Bank, needs to find a way to resolve these issues.

“Our expectation from the central banks is to solve the private sector’s problems, in order to prevent a crisis in the market,” said Khan Jan Alokozay, a member of the ACCI.

Da Afghanistan Bank officials said that they have accelerated efforts to solve the problems.

“Efforts underway to solve the problem and provide banking services for the private sector,” said Mohammad Sabir Mohmand, spokesman for Da Afghanistan Bank.

Economic analysts also called on Da Afghanistan Bank to solve the private sectors’ problems.

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Afghanistan–China joint market opens in Kabul

In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.

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The Afghanistan Chamber of Commerce and Investment (ACCI) has announced the official opening of a joint Afghanistan–China market in Kabul, established through shared investment by Afghan and Chinese traders.

In a statement issued on Monday, the ACCI said the newly launched “Afghan–China Market” offers approximately 28,000 varieties of Chinese products, now available to consumers across the capital.

Officials overseeing the project said the goods are being sold at competitive prices while meeting quality standards, with the aim of expanding choices for Kabul residents and supporting local traders.

They noted that joint initiatives of this nature can contribute significantly to economic growth, enhance bilateral trade ties between Afghanistan and China, and encourage increased foreign investment.

The launch of the Afghan–China Market aligns with broader efforts to strengthen regional trade cooperation and generate new business and employment opportunities within Afghanistan.

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Gold edges past $4,600/oz as Powell-Trump rift stokes safe-haven demand

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Gold broke through $4,600/ounce for the first time on Monday, while silver also hit a record high, as investors snapped up safe havens due to heightened geopolitical uncertainties and a criminal probe into Federal Reserve Chair Jerome Powell.

Spot gold jumped 1.3% to $4,566.80 per ounce by 0410 GMT. Bullion hit a record high of $4,600.33 earlier in the day, Reuters reported.

U.S. gold futures for February delivery firmed 1.8% to $4,579.10.

“So, between events in Iran, and potential U.S. involvement, and the (Fed) chair being the focus of a criminal probe… U.S. futures turned lower on the Powell news, which was a green light for gold to take a run higher,” said Tim Waterer, KCM Trade’s chief market analyst.

Unrest in Iran has killed more than 500 people, a rights group said on Sunday, as Tehran threatened to target U.S. military bases if President Donald Trump carries out his renewed threats to strike the country on behalf of protesters.

Iran’s unrest comes as Trump flexes U.S. muscles internationally, having ousted Venezuelan President Nicolas Maduro, and discussing acquiring Greenland by purchase or force.

Powell said on Sunday the Trump administration had threatened him with a criminal indictment over Congressional testimony, an action Powell called a “pretext” aimed at putting further pressure on the central bank to lower rates. This sent the dollar and U.S. equity futures lower.

Investors currently expect at least two Fed rate cuts this year.

Non-yielding assets tend to do well in a low-interest-rate environment and during geopolitical or economic uncertainties.

“I expect that central bank appetite for gold and silver will continue to grow this year, with precious metals perceived as being a lower risk alternative to the dollar,” Waterer said.

Spot silver was up 4.1% at $83.20 per ounce, after hitting an all-time high of $83.96 earlier in the day.

Spot platinum climbed 3.4% to $2,349.59 per ounce after scaling a record high of $2,478.50 on December 29.

Palladium gained 3.4% to $1,877.96 per ounce.

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UN warns only 11% of Afghan returnees have found employment

In a report released on Sunday, the International Organization for Migration (IOM) said many returnees continue to face serious obstacles to resettlement and livelihoods.

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The United Nations has warned that returning to Afghanistan does not guarantee successful reintegration, with new figures showing that only 11 percent of Afghan returnees have been able to find jobs.

In a report released on Sunday, the International Organization for Migration (IOM) said many returnees continue to face serious obstacles to resettlement and livelihoods.

According to the assessment, one in four returnees has been unable to settle in their intended place of residence, while more than half lack essential documentation, severely restricting access to basic services and employment opportunities.

The report found that 25 percent of returnees have been unable to return to their original districts or areas of origin. Economic pressures remain acute, with 56 percent of heads of returnee households reporting they are unable to meet their families’ basic needs.

Employment remains a major challenge. The IOM said 35 percent of heads of returnee households and 36 percent of single returnees have not been able to secure work, raising concerns over long-term stability and sustainable livelihoods for those returning.

The findings come as the Islamic Emirate reports that around 1.8 million Afghan migrants returned to the country in 2025. International organizations, however, warn that without improved access to jobs, documentation and essential services, large-scale returns risk worsening Afghanistan’s already fragile humanitarian and economic situation.

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