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Afghani strengthens by 4.4% against US dollar: central bank
Officials of Afghanistan’s central bank said Wednesday the afghani (AFN) has in the past year strengthened by 4.4 percent against the US dollar.
This comes after the afghani dropped by 10.4% in the previous year.
Hidayatullah Badri, the acting head of the central bank, Da Afghanistan Bank, said during his national accountability report bank customers across the country can now withdraw up to $600 a week and $2,000 a month from their bank accounts.
“The officials of the Da Afghanistan Bank have been able to preserve the value of the Afghan currency by implementing reasonable policies. Da Afghanistan Bank has made great efforts in the banking sector to improve banking services, and is actively working for Islamic banking in the country,” Badri said.
According to the officials of the bank, the average inflation rate in the country has decreased from 12% to 6%.
“Fortunately, Da Afghanistan Bank managed well [considering] the limited access it had to currency reserves and met the market’s currency needs,” Ahmad Javad Sadad, head of the monetary policy of Da Afghanistan Bank, said.
DAB officials said that assessments of banking institutions, money exchanges and companies are ongoing with the aim of standardizing the sector.
“From now on, exchange companies will perform their activities for citizens through electronic systems and according to international standards,” Ahmed Zahir Nasirzai, head of non-banking financial institutions department said.
Officials of Da Afghanistan Bank also said that the institution is planning to continuously collect worn-out banknotes in the country and replace them with new ones. This comes as citizens have repeatedly complained about the availability of worn-out banknotes in the markets.
The Japanese ambassador in Kabul, Takayoshi Kuromiya, met Saturday with Sader Azam Osmani, the Deputy of the Ministry of Agriculture, Irrigation, and Livestock.
According to a statement from the Ministry of Agriculture, Irrigation, and Livestock, the meeting discussed Japan’s cooperation in these areas.
The Ministry of Refugees and Repatriations (MoRR) held Saturday an emergency meeting in Kabul attended by the humanitarian aid coordinator of the International Organization for Migration to instantly address the needs of recent flood victims in Baghlan province.
The ministry quoted Abdul Rahman Rahmani, head of the assistance coordination of the ministry, as saying that the goal of the meeting was to provide emergency assistance to flood victims and how to consider first aid.
According to reports, intense floods in Baghlan’s many districts have left hundreds of dead and injured.
The ministry stated that hundreds of houses have been destroyed and people are living in open space in the mountains.
Meanwhile, the ministry added that the figures are not yet final and the process of rescue operations is still ongoing with the cooperation of health teams.
At the meeting, Mohammad Omar Hashemi, the humanitarian aid coordinator of the International Organization for Migration, also assured that the organization is ready to provide urgent aid to the victims.
The World Food Programme (WFP) said on Friday it can only support one in every three malnourished children across Afghanistan, highlighting the shortage of funding.
WFP said on X that there are three million malnourished children in Afghanistan.
“But we can only support 1 in every 3 malnourished children across Afghanistan,” WFP said. “Children bear the brunt of the assistance cuts. Sustained funding is vital.”
The World Food Program in Afghanistan had previously warned that the number of malnourished children visiting hospitals has increased this year following the reduction of foreign aid.
More than 23 million people are in need of humanitarian assistance in Afghanistan this year, according to the United Nations. Over half of them are children.
In February, WFP announced a dire need for $760 million in food assistance for Afghanistan over the next six months.
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