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Central bank to auction off $10 million in bid to stabilize AFN

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Afghanistan’s Central Bank (Da Afghanistan Bank) announced Monday that it would auction off around $10 million this week, in a bid to help bring some stability to the Afghan currency.

Da Afghanistan Bank (DAB) called on commercial banks, money exchangers, and companies that provide money services to attend the auction on Tuesday.

The development comes a day after the Afghani lost significant value against the US dollar, dropping to its weakest since 2003 when new Afghani banknotes were printed.

On Monday, the AFN had strengthened slightly as one US dollar cost 92.95 AFN compared to 95 AFN on Sunday.

“Unfortunately, one US dollar cost 95 AFN yesterday. But today it reached 92 AFN again. This is an issue on the markets. The shortage of US dollars in Afghan markets is the main reason for the sharp drop in value,” said Abdul Rahman Zirak, a spokesman for Afghan’s biggest currency market Sarai Shahzada.

Zirak added that US dollars are being smuggled to neighboring countries which has also led to a shortage of dollars in Afghanistan.

“Unfortunately, nowadays millions of dollars are being smuggled to Pakistan and Iran so that they could sell at a higher price for greater profit. For instance, people sell dollars at a higher price and buy Pakistani rupees at a lower price and then transfer them to Afghanistan,” Zirak noted.

Afghanistan has for years been heavily reliant on the US dollar which is widely used in the country.

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Afghanistan, Belarus discuss expanding industrial and trade cooperation

Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.

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Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, met with Belarus’ Minister of Industry during an official visit to the country.

The two sides discussed the establishment of manufacturing plants in Afghanistan, the regular organization of the Afghanistan-Belarus Business Forum, and follow-up on issues raised through the countries’ economic commission.

Belarusian officials expressed appreciation for Afghanistan’s participation in the country’s international industrial exhibition and voiced interest in expanding the presence of Belarusian manufacturing companies in Afghanistan.

Particular attention was given to companies producing tractors, industrial machinery, and equipment and vehicles used in the mining sector.

The second International Industrial Exhibition of Belarus is being held with the participation of around 500 companies from different countries. The exhibition has also attracted visitors from European and Asian countries.

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Afghanistan, Tajikistan seek stronger trade and investment ties

The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.

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The heads of the chambers of commerce and industry of Afghanistan and Tajikistan have agreed to strengthen bilateral trade, promote investment and expand cooperation between the private sectors of the two countries.

Sayed Karim Hashemi, head of the Afghanistan Chamber of Commerce and Investment (ACCI), held an online meeting with Farhad Shah Rahman Alizoda, head of the Chamber of Commerce and Industry of Tajikistan, to discuss ways to expand economic ties.

The two sides discussed increasing trade exchanges, establishing direct links between traders and investors, and organizing joint economic programs.

Hashemi invited Tajik traders and investors to participate in the fifth Imam Abu Hanifa International Exhibition in Kabul.

Alizoda, meanwhile, invited an Afghan business delegation to attend a major trade and industrial exhibition in Dushanbe.

The two sides also stressed the importance of exchanging business delegations and developing long-term cooperation between the private sectors of Afghanistan and Tajikistan.

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Kazakhstan grain shipments to Afghanistan rise over 4-fold

Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.

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Grain shipments from Kazakhstan to Afghanistan increased 4.4 times in the first eight months of the year, reaching 655,000 tons, according to Kazakhstan’s Transport Vice Minister Zhanibek Taizhanov.

Speaking at a government meeting, Taizhanov said Kazakhstan transported 9.3 million tons of grain by rail during the period, a 13% increase compared with the same period in 2025.

Of the total, 7.2 million tons were transported for export, while 2.1 million tons were supplied to the domestic market.

Taizhanov said grain shipments to Central Asia increased by 37%, while shipments to China rose by 34%. Grain exports through Russian ports also increased by 9%.

Meanwhile, combined fodder exports rose by 38% to 2.6 million tons.

Earlier, Kazakhstan’s Vice Minister of Agriculture Azat Sultanov said the country plans to commission 15 additional vegetable storage facilities by the end of 2026, with a combined capacity of 129,000 tons.

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