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Afghanistan’s central bank chief upbeat over stable AFN

The monthly average exchange rate between AFN and US dollar was recorded at AFN 72.0 per 1 USD.

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The acting head of Da Afghanistan Bank (DAB) says that the value of the afghani (AFN) against the US dollar has remained stable compared to that of other currencies in the region.

Hadayatullah Badri said in a Supreme Council of Da Afghanistan Bank meeting this week that the liquidity situation in banks has improved because "people's deposits in the Islamic banking sector have increased by 4 percent compared to the previous quarter."

Issues that were also discussed at the meeting included the effective implementation of monetary policies, the state of the banking sector, efforts to develop Islamic banking, the mechanization of exchange activities and people's access to financial services.

Last month, the UN’s World Food Program (WFP) reported that following political changes in August 2021, inflation surged in Afghanistan, peaking at 18.3 percent in July 2022.

However, it subsequently plummeted into deflation, reaching -9.0 percent in March 2024.

Similarly, food inflation decreased from +26 percent in June 2022 to -13.8 percent in March 2024.

The persistent deflation is reflecting a fall in food prices and weak consumer demand.

However, WFP stated: “While deflation supports low food prices, limited number of job opportunities and low wages will continue to weaken household purchasing power.”

Exchange Rate:

The monthly average exchange rate between AFN and US dollar was recorded at AFN 72.0 per 1 USD.

After its surge in January 2022, the value of AFN started to consistently appreciate against the US dollar during the year 2023 and remains relatively stable, hovering around AFN 70-74 per USD since November 2023.

Factors such as US dollar auctions by the Da Afghanistan Bank, ban on foreign currencies for domestic transactions, increased remittances, and UN dollar shipments significantly contribute to the stability of AFN, WFP reported.

 

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A new polio vaccination campaign is set to launch in Afghanistan

Afghanistan and Pakistan are the only two countries in the world where polio has not been eradicated.

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The “Afghanistan Polio-Free” organization announced that a new round of polio vaccinations will begin on Monday, December 23, in various provinces of Afghanistan.

The organization did not specify which provinces will be targeted or how long the vaccination campaign will last.

Afghanistan and Pakistan are the only two countries in the world where polio has not been eradicated.

On December 4, 2023, the World Health Organization (WHO) issued a statement reporting a 283% increase in polio cases in Afghanistan. According to the WHO, the number of positive environmental samples for wild poliovirus type 1 in Afghanistan in 2024 reached 84, compared to 62 cases in 2023.

The Ministry of Public Health claimed in November 2024 that no new cases of polio had been reported in Afghanistan for the year.

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G7 envoys urge national dialogue for lasting stability in Afghanistan

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Special Representatives of the Group of Seven (G7), including the European Union, have emphasized the importance of a national dialogue for achieving long-term stability in Afghanistan.

Following a meeting on Afghanistan in Geneva, Switzerland, G7 special envoys issued a joint statement calling for the restoration of women's rights and urging the Islamic Emirate to fight terrorism.

The statement reads: "Achieving sustainable peace and stability requires credible governance that represents all segments of Afghan society."

The representatives also expressed concern over the IEA’s decision to ban girls from attending medical institutes, warning that it will have devastating consequences for the citizens, particularly mothers and their infants.

The statement described this ban as unacceptable and called on the Afghan authorities to lift it immediately.

Earlier, countries and international organizations had called for the removal of restrictions on the education and employment of women and girls, emphasizing the need for a national dialogue.

In response to these concerns, IEA has repeatedly stated that it will not allow interference in the internal affairs of the country.

The G7 special envoys also expressed their concern about the recent terrorist attacks in Kabul and the surrounding region, warning that terrorism remains a serious threat to Afghanistan's security. They confirmed the actions of the IEA against Daesh but stressed the need for more decisive measures.

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Afghanistan’s bright future lies in educating girls: Karzai

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Hamid Karzai, the former president of Afghanistan, says the demand of Afghan girls for the reopening of schools and universities is their fundamental right and adds that Afghanistan cannot have a bright future without ensuring access to education for girls.

In a statement on his X (formerly Twitter) account, Karzai said: "The demand and voice of our country’s girls for education and knowledge is a rightful one and crucial for a prosperous Afghanistan."

He further emphasized, "Empowering the youth—both girls and boys—is the only way to achieve self-reliance, break the cycle of poverty, and drive the development and prosperity of society."

Karzai underscored that education is vital for Afghanistan’s growth and development, expressing hope that the doors of schools and universities for girls will be reopened as soon as possible.

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