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IEA directs commission to take urgent steps to stabilize Afghan currency

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The Islamic Emirate of Afghanistan (IEA) on Monday held a minister’s council meeting at the Presidential Palace to find ways to stabilize the weakening Afghan currency.

IEA deputy spokesman Inamullah Samangani said in a tweet that the council directed the economic commission headed by Mawlawi Abdul Salam Hanafi to take urgent steps to stabilize the Afghani against the US dollar in coordination with all economic institutions.

“The commission was also tasked to take serious steps to prevent the smuggling of dollars, the spread of fake Afghan currency and eliminate other factors that have a negative impact on the value of the Afghan currency, and continue to urgently identify ways to stabilize the Afghan currency,” Samangani tweeted.

Meanwhile, Afghanistan’s Central Bank is meeting with money exchangers, commercial banks and business leaders on Tuesday in the hope of also finding ways to stabilize the value of the Afghani – which has fallen sharply in the last week against the US dollar.

This worrying drop in value of the Afghani against the dollar comes amid a deepening economic and humanitarian crisis and has led to a sharp increase in the price of goods, including essential items like food and fuel.

Officials from the Money Exchange Union in Sarai Shahzada, (Afghanistan’s largest money exchanging market) said on Monday the exchange rate was 123 AFN to the dollar, after sliding from 110 AFN to the dollar on Sunday.

A month ago, it was under 90 AFN to the dollar.

Union officials said part of the problem was due to rumors being spread by some money changers, who have since been let go.

On Monday, the market’s “Boli” section, which determines the value of the AFN and deals with large transactions, was closed.

Meanwhile, local media reported on Tuesday that a money changer suffered a stroke inside his shop in Farah province following the drop in value of the AFN.

According to shop owners in the area, the money changer had owed a significant amount of money to lenders and died as the AFN dropped.

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Afghanistan, Uzbekistan sign $400 million trade deals in push to deepen ties

The agreements span multiple sectors, including textiles, raw materials, pharmaceuticals and other key industries.

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Afghanistan and Uzbekistan have signed 20 commercial agreements worth more than $400 million, marking a significant step toward expanding economic cooperation between the two neighboring countries.

The deals were finalized during a high-level business meeting in Uzbekistan’s Fergana Province, where Afghan and Uzbek private sector representatives gathered as part of an official Afghan trade delegation visit.

The agreements span multiple sectors, including textiles, raw materials, pharmaceuticals and other key industries.

The Afghan delegation was led by Zalgai Azimi, deputy for investment at the Afghan Chamber of Commerce, and included senior business figures such as Abdullah Rahimi, Syed Ahmad Noorzad, Ubaidullah Hotak, and Deputy Chief Executive Mirzaman Popal. Participants from both sides highlighted the importance of strengthening cross-border trade and building long-term commercial partnerships.

As part of the visit, Afghan delegates toured major industrial facilities in Fergana Valley to assess Uzbekistan’s manufacturing capacity and explore opportunities for future collaboration.

The agreements come as Afghanistan seeks to boost regional connectivity and revive its economy following years of conflict, isolation and economic disruption.

Trade with Central Asian neighbors—particularly Uzbekistan—has become increasingly important, with both sides investing in transport links, energy cooperation and cross-border markets.

Uzbekistan has positioned itself as a key economic partner for Afghanistan in recent years, supporting infrastructure projects and promoting trade corridors that connect South and Central Asia.

Analysts say deals of this scale could help generate jobs, increase exports and gradually integrate Afghanistan more deeply into regional supply chains.

The latest agreements signal growing momentum in bilateral relations, as both countries look to translate geographic proximity into stronger economic interdependence.

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Afghanistan, Kyrgyzstan aim to boost trade to $1 billion

Both sides welcomed the steady growth in trade between the two countries in recent years and agreed on the strategic goal of increasing bilateral trade to reach $1 billion.

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Afghanistan’s Minister of Industry and Commerce, Nooruddin Azizi, met with Kairat Tursunkulov, Deputy Foreign Minister of Kyrgyzstan, in Kabul this week to discuss ways to strengthen economic and trade ties between the two countries.

The meeting was also attended by Turdakun Sadykov, Kyrgyzstan’s ambassador to Afghanistan.

Azizi expressed appreciation for Kyrgyzstan’s participation in the recent Afghanistan–Central Asia consultative meeting and underlined the importance of expanding bilateral trade and economic cooperation.

Tursunkulov described Afghanistan and Kyrgyzstan as “brotherly nations” with strong cultural connections. He extended an invitation for Azizi to visit Kyrgyzstan to further enhance collaboration.

Both sides welcomed the steady growth in trade between the two countries in recent years and agreed on the strategic goal of increasing bilateral trade to reach $1 billion.

In addition, Azizi highlighted ongoing construction projects in Kyrgyzstan and suggested that Afghan construction companies and skilled workers could contribute their expertise to support development efforts in the country.

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Kazakhstan eyes rare metals mining projects in Afghanistan and Rwanda

As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.

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Kazakhstan is actively exploring mining opportunities in Afghanistan and Rwanda, focusing on rare metals, as part of a broader strategy to expand its resource development portfolio. According to a report by Kazinform, Tau-Ken Samruk, Kazakhstan’s national mining company, is conducting laboratory studies on mineral samples obtained from both countries.

The announcement was made by Iran Sharkhan, Kazakhstan’s Vice Minister of Industry and Construction, during the Geoscience & Exploration Central Asia 2026 event. Sharkhan emphasized the substantial resource potential in Afghanistan and Rwanda, noting that current efforts are directed towards evaluating the legal and regulatory frameworks in these countries, as well as verifying the geological prospects before proceeding with potential mining operations.

The laboratory testing, which is taking place at Tau-Ken Samruk’s facilities and additional labs in Kazakhstan’s Karaganda region, involves comprehensive analysis of base metals, rare metals, and rare earth elements from the two countries. These tests will determine the viability of large-scale mining operations in the future.

Sharkhan further indicated that if the laboratory results confirm promising geological findings, more detailed plans for mining projects will be disclosed in the coming months.

The report also highlighted that Kazakhstan’s major mining companies have already invested nearly 150 billion tenge into scientific research in the country’s mining sector, reinforcing the nation’s commitment to advancing its mining industry on both the local and international stages.

As Kazakhstan looks to expand its global mining footprint, the exploration of rare metals in Afghanistan and Rwanda marks a significant step towards diversifying its mining interests.

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