Business
Afghanistan’s central bank gets shipment of new banknotes
A Polish firm delivered Afghani banknotes to Kabul this week after the United States paved the way for the Da Afghanistan Bank to make a payment via international banking systems, a member of the bank’s supreme council told Reuters on Wednesday.
The payment represents a shift for Afghanistan’s central bank, which has been largely cut off from the international financial system since the Islamic Emirate of Afghanistan (IEA) came into power last year.
State news outlet Bakhtar also reported that the shipment arrived on Wednesday.
The Afghan central bank held a contract with a Polish company for the printing of its banknotes but had been unable until early July to begin payment, Reuters reported.
Without access to fresh banknotes for more than a year, Afghanistan’s cash has been deteriorating, with notes torn in shreds or held together with sellotape, exacerbating the country’s liquidity crisis.
“Afghanistan’s markets run primarily on cash, but existing banknotes are crumbling …The Central Bank will be able to replace old and damaged banknotes, and this will improve the Afghan people’s ability to purchase food and other necessary items,” a U.S. State Department spokesperson said.
Shah Mehrabi, a member of the Afghan central bank’s supreme council, said assurances to banks and companies by the U.S. Treasury that they would not be prosecuted for allowing a transaction by Afghanistan’s central bank had been instrumental.
“These transactions that were facilitated by the Treasury are welcomed by all Afghans,” Mehrabi said.
He said the banknotes began arriving on Tuesday. The contract was for notes valued at 10 billion Afghanis, mostly in small denominations. A second contract with a French company had been reached for a similar value.
A spokesperson for Afghanistan’s finance ministry told Reuters that new banknotes would be used solely by the central bank for replacing old notes, not to fund the budget.
Mehrabi said that the bank would release its financial statements to ensure the cash was accounted for.
He said the bank had agreed to be subject to third party monitoring and the U.S. Treasury had approved of an agency to carry out the monitoring.
Business
Uzbekistan, Kazakhstan target Afghanistan in push to expand regional trade
According to Uzbek media, the initiative was discussed during the Uzbek-Kazakh Business Forum in Tashkent.
Uzbekistan and Kazakhstan are seeking to deepen economic cooperation and jointly expand into new regional markets, including Afghanistan, as part of broader efforts to strengthen trade and investment across Central Asia and the Middle East.
According to Uzbek media, the initiative was discussed during the Uzbek-Kazakh Business Forum in Tashkent, where business leaders and trade associations from both countries explored opportunities to promote their products in third-country markets, particularly Afghanistan, Syria and Iraq.
Afghanistan featured prominently in the discussions, with participants noting that Kazakhstan’s exports to Afghanistan reached nearly $500 million during the first seven months of 2025—almost matching the country’s total exports to Afghanistan for all of 2024. Officials said the long-term goal is to increase exports to $3 billion.
The forum also highlighted growing imports of mineral raw materials from Afghanistan. Participants discussed a proposed agreement to supply Afghan zinc ore to the Almalyk Mining and Metallurgical Complex in Uzbekistan.
Beyond Afghanistan, delegates examined emerging business opportunities in Syria and Iraq, where reconstruction efforts are expected to drive demand for food products, construction materials and industrial goods.
The forum also focused on improving regional logistics. Officials discussed using available capacity on Turkish freight trucks transiting Uzbekistan, a move expected to reduce transport costs and improve access to regional markets.
At the conclusion of the forum, both sides agreed to organise joint business missions to third-country markets, including Aleppo, Syria, in late September and Erbil, Iraq, in early October, with the aim of strengthening commercial partnerships and identifying new investment opportunities.
The discussions reflect growing economic cooperation between Uzbekistan and Kazakhstan as both countries seek to expand regional connectivity, diversify exports and strengthen trade links with neighbouring markets, including Afghanistan.
Business
Uzbekistan’s Fergana region strengthens economic ties with Afghanistan
The meeting followed a Fergana delegation’s visit to Afghanistan on July 26-27, during which officials and business representatives held talks in Kabul and Mazar-i-Sharif.
Uzbekistan’s Fergana region is moving to deepen economic cooperation with Afghanistan after officials and business leaders agreed to fast-track joint investment projects and expand bilateral trade.
According to a statement from the Fergana Regional Administration, Governor Khayrullo Bozorov met with leading Afghan business figures, including Emerald Diamond Trading Director Abdul Hamid Anyuri, Kam Air Director Atilla Azimi, Tojmahal Petroleum Director Abdul Latif Nawruzi, and their regional partners to discuss practical measures for strengthening economic ties.
The meeting followed a Fergana delegation’s visit to Afghanistan on July 26-27, during which officials and business representatives held talks in Kabul and Mazar-i-Sharif. The delegation also inaugurated Fergana Trade Houses in both cities to promote trade and commercial cooperation.
“The parties agreed to accelerate the implementation of joint investment projects, increase bilateral trade and elevate cooperation to a new level,” the regional administration said.
Discussions focused on turning agreements reached during the Afghanistan visit into practical projects, identifying new investment opportunities, and expanding trade between the two sides. Afghan business representatives expressed interest in working with Fergana companies in key sectors including trade, agriculture, aviation, energy and logistics, while presenting several new investment initiatives.
Bozorov reaffirmed Fergana’s commitment to strengthening economic relations with Afghanistan, saying the regional administration stands ready to support joint projects and create favourable conditions for closer business cooperation.
The regional administration said the meeting reflects growing momentum in economic engagement between Uzbekistan and Afghanistan, with both sides seeking to expand cross-border trade, attract investment and develop new commercial partnerships as part of broader efforts to strengthen regional economic connectivity.
Business
Afghanistan invites Iranian investors to expand economic cooperation
Discussions focused on expanding private-sector cooperation, increasing joint investment, and boosting bilateral trade between the two countries.
Afghanistan has invited Iranian investors to explore business opportunities and participate in joint economic projects as the country seeks to strengthen investment and trade ties with its western neighbor.
Kamaluddin Tawhidi, head of the Afghanistan-Iran Joint Chamber of Commerce, made the appeal during a visit to Iran, where he attended the “Economic Cooperation Opportunities with Afghanistan” conference in Alborz Province, according to Iran’s state broadcaster.
Speaking at the event, Tawhidi highlighted Afghanistan’s investment potential and encouraged Iranian businesses to take advantage of opportunities across a range of economic sectors.
Discussions focused on expanding private-sector cooperation, increasing joint investment, and boosting bilateral trade between the two countries.
Tawhidi said stronger economic partnerships could create new business opportunities and support broader regional economic growth.
The meeting comes as Afghanistan continues efforts to attract foreign investment and deepen economic cooperation with neighboring countries.
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