Business
Central Bank of Afghanitan Burns 5 Billion Worn Afghani Annually
Officials in Da Afghanistan Bank (DBA) have stated that we set fire about 5 billion worn Afghan currency annually, saying efforts are underway to in place the Electronic system through internet to protect the Afghan currency from going worn, demanding the people to maintain the currency while exchanging in markets.
Officials in Da Afghanistan Bank spoke about a new program to replace the current Afghan money exchange system in markets.
Da Afghanistan Bank Spokesman Emal Ashur said, “Efforts are underway to replace the current exchanging of money into an electronic system through internet, launching the electronic system will save the Afghan currency from going worn.”
Based on the estimation of the Central Bank of Afghanistan from 2005, 40 billion Afghan money was burned.
Meanwhile officials in Da Afghanistan Bank are optimistic over people, trusting Afghani currency.
“People began to trust over Afghan currency comparing to past time, in most part of the country residents are using the Afghan currency.” Da Afghanistan Bank Spokesman Emal Ashuri said.
The statement comes in where concerns are in rise that residents of south and east of the country are using Pakistani rupees while purchasing things in markets and Government as usual failed to avoid using of foreign currency.
Reported by: Aslam Hejaab
Nooruddin Azizi, Acting Minister of Commerce and Industry, met with representatives from the ministries of foreign affairs, defense and interior of Malaysia, along with other senior officials, on Wednesday and called on Malaysians to invest in Afghanistan.
The visiting delegation is being led by senior diplomat Dr. Shazelina Zainul Abidin.
According to the IEA’s foreign ministry, the two sides discussed bilateral trade, holding a business communication conference to strengthen trade relations between the two countries, the trade balance between Afghanistan and Malaysia, and creating a market for Afghan products, including carpets, cotton, and minerals.
According to the ministry, at the end of the meeting, the Acting Minister emphasized the increase of investment from regional countries in Afghanistan and called on Malaysian investors to also invest in Afghanistan.
The Ministry of Interior says that Afghanistan has started exporting goods to Turkey via the Herat-Khaf railway line.
In a post on X, the ministry said: “Afghanistan’s exports to Turkey started in a calm atmosphere through the Herat-Khaf railway line.”
The ministry added that one train will run daily for a month and then two trains will run daily.
According to the ministry, the security of Khaf-Herat railway line is provided by the guards of the National Public Protection Agency.
Khaf-Herat railway project not only connects Iran and Afghanistan by rail, but also completes a 2,000-kilometer route along the east-west rail corridor from China, through Uzbekistan, to Afghanistan, to Iran, and on to Turkey and Europe.
As a landlocked country, this railway network will provide a safe route to connect with Europe via Iran’s railway network and Iran’s southern ports.
This railway line is strategic for trade between Iran and Afghanistan and will allow six million tons of goods to be sent between the two countries.
A joint expo between Afghanistan and Kazakhstan will be held in Kabul in the next four days, officials said on Sunday.
Officials of the Ministry of Industry and Commerce said that the two-day expo will be held for the purpose of expanding and strengthening trade relations between the two countries.
“This expo will be held as a follow-up of the Kazakh-Afghan international expo, which was held in the city of Astana, Kazakhstan, with the participation of a large delegation of the government and the private sector of the Islamic Emirate of Afghanistan,” Abdulsalam Javad Akhundzadeh, the spokesman of the Ministry of Industry and Commerce, said.
“At this expo, domestic products from different sectors of Afghanistan and the Republic of Kazakhstan will be put on display for two days.”
According to officials, 40 large Kazakh companies, and 40 large Afghan companies will exhibit their products.
Mohammad Saber Latifi, head of the Afghanistan International Expo Center, said that fruits, minerals and commercial services will be displayed at the expo.
During the expo, various memorandums of understanding for the trade of goods are also expected to be signed by companies.
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