Business
DAB confirms the newly printed Afghani banknotes are still not in circulation
Da Afghanistan Bank (DAB) said on Tuesday that the new Afghani banknotes, which were printed in Poland and shipped to Afghanistan in early November, have not been put into circulation yet.
A spokesman for DAB said they are working on a mechanism to put the new banknotes into circulation, while simultaneously recalling the old notes.
“Printing and circulating banknotes is an ordinary duty of central banks. Da Afghanistan Bank also carries out the same considering reasonable monetary policies, market necessity and resources. We call on citizens to pay greater attention to the protection of the banknotes so that they will not wear out quickly,” said Hasibullah Noori, a spokesman for DAB.
Afghanistan, which is a cash-driven economy, has not had new banknotes injected into its economy in more than a year. As a result the existing banknotes, especially smaller denominations, are mostly torn, held together with sellotape and generally in very bad condition.
This has added to the frustrations of an already cash-strapped society.
“The new banknotes which have arrived at the central bank should enter circulation in order to remove people’s concerns. Banks also do not accept old notes. We suggest that old notes should be taken out of circulation,” said Mirwais Haji Zada, a local businessman.
Abdul Jabbar Safi, another businessman, said: “The new banknotes should systematically enter circulation so that the value of Afghani will not be affected.”
Trade in goods and services between the United Kingdom and Afghanistan declined by 16.7 percent to £70 million in the 12 months to the end of June 2026, according to the latest figures published by the UK Department for Business and Trade.
The department’s trade and investment factsheet, released on November 6, shows that bilateral trade fell by £14 million compared with the same period a year earlier.
UK exports to Afghanistan totalled £57 million, down 18.6 percent or £13 million, while imports from Afghanistan stood at £13 million, representing a 7.1 percent decline.
The figures show that goods accounted for £32 million, or 45.7 percent, of total trade, while services made up the remaining £38 million, or 54.3 percent.
UK exports to Afghanistan included beverages, pharmaceutical products, dairy products, road vehicles and industrial machinery.
Vegetables and fruit were the leading Afghan goods exports to the UK, worth £1.7 million. Clothing and textile fabrics were also among the main products exported.
The report ranks Afghanistan as the UK’s 166th-largest trading partner, accounting for less than 0.1 percent of the UK’s total trade during the period.
Business
Afghanistan and Russia discuss expanding trade and investment ties
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors.
Afghanistan and Russia have discussed ways to strengthen bilateral trade, expand private-sector cooperation and attract new investment during a meeting in Kabul.
Inayatullah Sediqzi, Deputy Head of the Afghanistan Chamber of Commerce and Investment (ACCI) for Services, met with Russian Ambassador to Afghanistan Dmitry Zhirnov on the sidelines of an event marking Russia’s National Unity Day on Wednesday, November 4.
The event was hosted by the Russian Embassy in Kabul.
According to a statement from the ACCI, discussions focused on boosting economic relations, increasing bilateral trade and creating greater opportunities for businesspeople and investors from both countries.
Both sides highlighted the importance of closer cooperation between the Afghan and Russian private sectors, exploring new areas of economic partnership and establishing stronger direct links between their respective business communities.
The discussions reflect Afghanistan’s continued efforts to expand economic engagement with regional and international partners, with increased trade, private-sector development and foreign investment remaining key priorities.
Afghanistan’s pine nut exports increased by 69 percent in the first seven months of the current solar year 1405 compared with the same period last year, reaching $72 million, the Afghanistan Chamber of Commerce and Investment (ACCI) says.
According to chamber officials, the value of pine nut exports stood at $42 million during the first seven months of last year. The product has been exported to European countries, India and, particularly, China.
Meanwhile, officials at the Ministry of Industry and Commerce say they have taken steps since the beginning of the year to expand pine nut exports and identify new markets for the product.
However, some economic experts say pine nuts are among Afghanistan’s key export products and that relevant government ministries, particularly the Ministry of Industry and Commerce, should strengthen efforts to promote the product and secure access to new markets.
Afghan pine nuts are also exported to China, India, the United Arab Emirates, Saudi Arabia, Pakistan, the United States, the United Kingdom, Italy, Germany, Australia, Turkey, Austria and Kuwait.
Experts emphasize that pine nut packaging should be improved to meet the requirements and standards of different international markets in order to further increase exports.
Saar: Afghanistan’s declining humanitarian aid funding discussed
Toofan Herat defeat Arman FC 2–0 in Afghanistan Champions League
Afghanistan trail Zimbabwe by 102 runs at stumps on day three of first Test
Astronomers discover white dwarf surrounded by two rings of planetary debris
UN official warns Afghanistan’s humanitarian crisis could threaten regional stability and security
Afghanistan finish runners-up after 6-0 defeat to Brazil in futsal final
Trump says US will not attack Iran before midterm elections in November
Trump says US may strike Iran’s ‘Pickaxe Mountain’ nuclear facility
Afghan futsal coach: Brazil tournament is first step towards new goals and World Cup
WHO calls for greater mental health support in Afghanistan
Saar: Afghanistan’s declining humanitarian aid funding discussed
Tahawol: Calls for stronger joint action against terrorism discussed
Saar: Impact of closing trade routes between Kabul-Pakistan discussed
El-Sayed’s historic victory opens a new chapter for Muslim Americans
Tahawol: Russia’s Moscow Format for Afghan issues discussed
-
Sport5 days agoAfghanistan futsal team thrash Panama 5-0 in flying start to Dakar Youth Olympics
-
World5 days agoUS carries out ‘defensive’ strikes on Iran’s Qeshm Island, officials say
-
Sport2 days agoAfghanistan suffer narrow defeat against Argentina at Dakar Youth Olympics
-
Regional5 days agoIran says contacts over ending war continue after talks finish with no breakthrough
-
Latest News4 days agoIran plans new four-nation meeting on Afghanistan amid regional diplomatic efforts
-
Latest News3 days agoUS judge temporarily blocks deportation of detained Afghans
-
Latest News4 days agoUS lawmakers urge Trump administration to halt Afghan deportations
-
Climate Change3 days agoIEA to attend UN climate summit for second time since returning to power