Business
Herat residents complain of rising old banknotes
Residents in Afghanistan’s western province of Herat province complain of rising number of old and damaged banknotes, saying such banknotes are not accepted in their daily business activities.
Herat Money Exchangers’ Union recently held a three-day strike for the same problem of refusal of old banknotes.
“The problem prevails everywhere. When a government employee tries to pay his electricity bill in a bank, they do not accept the old notes,” said Baryalai Ghawsi, a money exchanger.
“These banknotes should be accepted until the government prints new notes. In the past when the banknotes were new, people would immediately accept them, but now they carefully check and separate the old ones,” said Ghulam Hazrat, a money exchanger.
Residents also said that sellers don’t accept old banknotes when they do shopping.
“When we try to buy rice from a shop, they don’t accept the old banknotes. When we try to buy cooking oil or pay taxi fare, they don’t accept the old notes,” said Mohammad Ismail, a resident of Herat.
“The problem of old banknotes should be addressed by the central bank. People cannot solve it. The government should compensate losses incurred by the people” said Mohammad Azim, a resident of Herat.
Lal Gul, a shopkeeper in Herat, said that the government should either print new banknotes or take action against those who do not accept old banknotes.
Da Afghanistan Bank in a notice recently said that a banknote should be accepted if it is not damaged by 60 percent or more.
Pakistan’s kinno exports remain far below potential as regional tensions, high freight costs and weak government support continue to choke the citrus trade.
Despite being a leading global citrus producer, Pakistan is expected to export just 400,000–450,000 tonnes of kinno in the 2025–26 season, compared with an estimated capacity of 700,000–800,000 tonnes.
Exports in 2024–25 stood at around 350,000–400,000 tonnes, mainly to Russia, the UAE, Saudi Arabia, Afghanistan, Indonesia and Central Asia. While better fruit quality this season has raised hopes, persistent crossing disruptions—especially with Afghanistan—and transport bottlenecks have offset gains.
Growers say prices have collapsed sharply, forcing panic sales. Rates for large kinno have fallen from over Rs120 per kg early in the season to as low as Rs75, while smaller fruit is selling for Rs35–40 per kg amid weak demand.
Industry leaders warn the crisis is crippling processing units and jobs. More than 100 factories reportedly failed to open this season, with dozens more shutting down as exports stall. Cold storages in Sargodha are nearly full, putting fruit worth millions of dollars at risk of spoilage, while growers fear losses of up to Rs10 billion.
Exporters are urging the government to urgently resolve issues, subsidise logistics, and help access alternative markets, warning that prolonged inaction could devastate farmers, workers and the wider economy.
Iranian President Masoud Pezeshkian has said that Tehran will facilitate trade and economic exchanges with Afghanistan, including easing procedures at customs and local marketplaces.
He made the remarks during a televised interview following his visit to South Khorasan province, which shares a border with Afghanistan.
Pezeshkian, in a separate event addressing local business leaders, highlighted the province’s strategic advantages, citing its rich mineral resources, proximity to neighboring countries such as Afghanistan and Pakistan, and access to the ocean via the Chabahar port. He described the region as “a golden opportunity not found everywhere,” emphasizing its potential for economic growth and cross-border commerce.
A Kazakh delegation led by the Deputy Minister of Finance of Kazakhstan met with Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, to discuss ways of strengthening banking and economic cooperation between the two countries.
According to a statement issued by Da Afghanistan Bank, Khalid said the central bank is keen to establish regular and effective banking relations with Kazakhstan as part of broader efforts to expand bilateral trade.
He noted that enhanced banking cooperation would help facilitate trade, investment, and wider economic interaction between Afghanistan and Kazakhstan, while also contributing to financial stability at the regional level.
Members of the Kazakh delegation also emphasized the importance of developing banking and economic ties and expressed their readiness to expand joint cooperation.
The two sides further agreed to establish technical committees from both countries to hold expert-level discussions and advance practical steps for cooperation.
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