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U.N. has millions in Afghanistan bank, but cannot use it
The United Nations has about $135 million in the bank in Afghanistan but is unable to use it because the Islamic Emirate-run central bank cannot convert it to the afghani currency, a senior U.N. official said on Thursday.
Abdallah al Dardari, head of the U.N. Development Programme in Afghanistan, said the United Nations had taken the U.S. dollars into the country and deposited it with the Afghanistan International Bank “with a clear promise from the central bank that fresh cash will be automatically converted to afghanis.”
“This did not happen,” he told the ACAMS Global Sanctions Space Summit, adding that UNDP itself has “$30 million stuck at AIB that I cannot convert to afghanis and without afghanis as you can imagine, we cannot implement all our programs.”
The Islamic Emirate of Afghanistan (IEA), who seized power in August, banned the use of foreign currency in a country where U.S. dollars were common.
The IEA has long been under international sanctions, which the United Nations and aid groups say are now hindering humanitarian operations in Afghanistan, where more than half the country’s 39 million people suffer extreme hunger and the economy, education and social services face collapse.
Billions of dollars in Afghan central bank reserves and foreign development aid have been frozen to prevent it from falling into IEA hands. International banks are wary of breaching sanctions, leaving the United Nations and aid groups struggling to get enough money into the country.
Liquidity is also a problem. Al Dardari told Reuters in November that while there was about $4 billion worth of afghanis in the economy, only about $500 million worth was in circulation.
The United Nations and the World Bank are discussing a possible swap facility, aid groups and U.N. officials have said.
Al Dardari said on Thursday that this would allow cash for humanitarian operations to be paid into a mechanism abroad and then afghanis could be collected “from major traders and mobile companies from inside Afghanistan.”
He also said lessons could be learned from a program in Myanmar, where electronic payment systems bypassed the central bank. Myanmar’s military have been hit with a raft of sanctions by the United States and others since a coup a year ago.
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Baradar approves action plan for establishing special economic zones
The action plan for establishing special economic zones across the country was approved on Wednesday by Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs.
According to a decree issued by the Supreme Leader of the Islamic Emirate, these special economic zones will be established in the provinces of Kabul, Balkh, Nangarhar, Kandahar, Herat, Paktia, and Kunduz.
Under the plan, the Ministry of Industry and Commerce, in cooperation with other relevant ministries and government agencies, will identify the land required for these zones, determine the necessary sectoral activities and services, and create the conditions needed to attract investment.
The establishment of these special economic zones is aimed at attracting new investments, achieving a relative balance between exports and imports, and expanding production activities in a suitable environment, paving the way for a new phase of economic development in the country.
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Russian deputy prime minister to visit Kabul with high-level economic delegation
The visit aims to strengthen economic and trade relations between Afghanistan and Russia, explore investment opportunities and discuss potential joint economic projects.
Russian Deputy Prime Minister Alexei Overchuk is scheduled to visit Kabul on Thursday, leading a high-level economic delegation, Afghanistan’s Ministry of Foreign Affairs has announced.
According to a statement by the ministry, the visit aims to strengthen economic and trade relations between Afghanistan and Russia, explore investment opportunities and discuss potential joint economic projects.
The visit is expected to provide an opportunity for officials from both countries to discuss ways of expanding bilateral economic cooperation and identifying new areas for trade and investment.
The ministry did not provide further details about the delegation’s programme or the specific projects expected to be discussed during the visit.
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UNESCO warns Afghanistan risks losing an entire generation of professionals as girls’ education ban continues
An estimated 2.4 million girls in Afghanistan are currently excluded from secondary education, while no girls enrolled in universities in 2026.
The United Nations Educational, Scientific and Cultural Organization (UNESCO) has warned that continued restrictions on girls’ and women’s education in Afghanistan could deprive the country of an entire generation of skilled professionals, particularly in education, healthcare and other essential sectors.
Hoda Jaberian, UNESCO’s Education in Emergencies Programme Coordinator, said Afghanistan cannot afford to lose another generation of learners, stressing the urgent need to restore access to education for girls and women.
According to a United Nations report published in November, an estimated 2.4 million girls in Afghanistan are currently excluded from secondary education, while no girls enrolled in universities in 2026.
Since the Islamic Emirate of Afghanistan returned to power in 2021, girls have been barred from attending secondary schools beyond Grade Six. Restrictions were further expanded in December 2022, when women were prohibited from attending universities, followed by a ban on women’s education at medical institutions in December 2024.
Jaberian emphasized that the immediate priority must be reopening schools to girls and allowing women to return to the formal education system, noting that alternative learning opportunities cannot replace regular schooling.
She also called for greater support for teachers, improved educational materials, stronger teaching standards and better data collection and planning to strengthen Afghanistan’s education system.
UNESCO warns that prolonged restrictions could have serious consequences for Afghanistan’s future, limiting the country’s ability to train the teachers, doctors and other qualified professionals needed for national development.
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