Latest News
Afghani falls to 74.5 against US dollar
The value of the Afghan currency, the afghani (AFN) is once again falling, and was on Monday trading at 74.5 afghanis to the dollar.
Sari Shahzada money dealers’ union, however, says that the current fluctuations should not be a source of concern as Da Afghanistan Bank has assured them that it has enough money and can control the market.
Da Afghanistan Bank has also stated that it can control the value of afghani.
“Fluctuations in the exchange rate in the market are common. Da Afghanistan Bank monitors the market carefully and has enough resources to meet the currency needs of the market. Da Afghanistan Bank is taking necessary measures to manage the market well,” said Haseebullah Nouri, the spokesperson of Da Afghanistan Bank.
Around three months ago, the afghani dropped from 86 to the dollar to less than 70.
Citizens, however, complain about the lack of impact of the rise in afghani value on commodity prices.
“Whenever the dollar rate goes up, food prices go up. Whenever the dollar rate goes down, food prices don’t change as much as they should. We want the government to control the commodity prices and dollar rate,” a Kabul resident said.
Meanwhile, Da Afghanistan Bank announced Monday that in order to maintain the value of the Afghan currency, it will auction $17 million on Wednesday.
Tajik authorities say their border guards clashed with militants who crossed into Tajikistan’s Khatlon region from Afghanistan on Tuesday night.
Tajikistan’s State Committee for National Security said in a statement that militants intended to carry out an armed attack on one of the border outposts.
Three militants were killed and two Tajik soldiers died in the clash. From the scene, three firearms—an M-16 rifle and a Kalashnikov assault rifle—three foreign-made pistols equipped with suppressors, ten hand grenades, one night-vision device, explosives, and other military equipment were seized, according to the committee.
This was the third reported attack from Afghanistan into Tajikistan in the past month, with the previous ones targeting Chinese nationals.
The Islamic Emirate previously said it assured Tajikistan it was ready to tighten border security and conduct joint investigations.
Business
Afghanistan’s first aluminum can factory launched in Herat with $120 million investment
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
Afghanistan’s first aluminum can manufacturing plant was officially launched on Thursday in Herat province, marking a significant step toward industrial development and economic self-reliance.
Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, laid the foundation stone of the “Pamir” aluminum can production company at the industrial parks of Herat on Thursday.
According to officials, the Pamir factory is the first of its kind in Afghanistan and is being established with an investment of $120 million. The project will be built on 16 jeribs of land within Herat’s industrial zones.
Once completed, the factory is expected to create employment opportunities for around 1,700 Afghan citizens. Officials say the project will play a key role in boosting domestic production, reducing reliance on imports, and strengthening the national economy.
Authorities described the launch of the project as a clear sign of growing investment in the industrial sector and ongoing efforts to promote economic self-sufficiency in the country.
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