Business
IEA ban use of foreign currency in Afghanistan
The Islamic Emirate of Afghanistan [IEA] announced a complete ban on the use of foreign currency in Afghanistan on Tuesday, a move sure to cause further disruption to an economy pushed to the brink of collapse by the abrupt withdrawal of international support, Reuters reported.
The surprise move came hours after at least 25 people were killed and more than 50 wounded when gunmen attacked Afghanistan’s biggest military hospital after two heavy explosions at the site in central Kabul.
“The economic situation and national interests in the country require that all Afghans use Afghan currency in their every trade,” the IEA said in a statement shared with journalists by their deputy minister Zabiullah Mujahid.
The use of U.S. dollars is widespread in Afghanistan’s markets, while border areas use the currency of neighbouring countries such as Pakistan for trade.
The IEA government is pressing for the release of billions of dollars of central bank reserves as the drought-stricken nation faces a cash crunch, mass starvation and a new migration crisis.
Afghanistan parked billions of dollars in assets overseas with the U.S. Federal Reserve and other central banks in Europe, but that money has been frozen since the IEA ousted the Western-backed government in August.
The departure of U.S.-led forces and many international donors left the country without grants that financed three quarters of public spending.
The finance ministry said it had a daily tax take of roughly 400 million Afghanis ($4.4 million).
Although Western powers want to avert a humanitarian disaster in Afghanistan, they have refused to officially recognise the IEA government.
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Business
Afghanistan steps in to replace Iran in supplying fruits and vegetables to Russia
Afghanistan is preparing to increase exports of fruits and vegetables to Russia following a temporary ban by Iran on food exports, Russian media reported citing Rustam Khabibullin, head of the Russian Business Center in Afghanistan.
On March 3, the Iranian government announced an indefinite suspension of all food and agricultural exports to prioritize domestic food security amid ongoing regional conflict. Goods that were previously destined for Russian retailers are now being redirected to Iranian state reserves.
In response, Afghanistan has already dispatched its first shipment of 100 tons of apples to Russia. Shipments of peppers, dried fruits, nuts, celery, zucchini, eggplant, citrus, berries, herbs, and melons are being prepared for delivery in the coming weeks. Khabibullin noted that demand from Russia is growing, and Afghan exporters aim to meet the rising requests to prevent shortages and stabilize prices for consumers.
Business
Ministry of Public Works: Railway transport operating smoothly across all ports
The Ministry of Public Works has confirmed that railway transport through Afghanistan’s four main ports is running normally, with no disruptions reported.
According to the ministry, 127,650 metric tons of goods—including oil, non-oil items, and other materials—were transported via the railway last week (27 February–3 March). Shipments by port were as follows:
- Hairatan: 88,186 tons
- Aqina: 10,769 tons
- Torkhandi: 14,123 tons
- Khaf–Herat: 14,572 tons
Exports accounted for 265 tons, mainly dried fruits and mineral stones.
The Minister of Public Works has directed port officials and provincial department heads to ensure additional support and facilities for traders transporting essential and food items during these sensitive times.
Business
Mujahid: Trade with Iran through Khaf–Herat railway operating normally
He urged national traders to refrain from unjustified price increases in order to maintain market stability.
Zabihullah Mujahid, spokesperson for the Islamic Emirate of Afghanistan, has announced that commercial transportation through the Khaf–Herat railway is continuing without interruption.
According to Mujahid, all relevant departments overseeing the railway are carrying out their routine operations, and there have been no delays in the movement of commercial goods.
He confirmed that a freight train carrying commercial goods has arrived at the Rozanak station in Herat province, transporting 42 wagons of cement and two wagons of MDF boards.
Another cargo train carrying food and fuel supplies is expected to arrive later.
Mujahid also noted that, based on information from Iranian railway authorities, around 900 wagons currently in Iran are en route to Afghanistan and will enter the country as scheduled.
He urged national traders to refrain from unjustified price increases in order to maintain market stability.
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