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Afghanistan’s central bank chief upbeat over stable AFN
The monthly average exchange rate between AFN and US dollar was recorded at AFN 72.0 per 1 USD.
The acting head of Da Afghanistan Bank (DAB) says that the value of the afghani (AFN) against the US dollar has remained stable compared to that of other currencies in the region.
Hadayatullah Badri said in a Supreme Council of Da Afghanistan Bank meeting this week that the liquidity situation in banks has improved because “people’s deposits in the Islamic banking sector have increased by 4 percent compared to the previous quarter.”
Issues that were also discussed at the meeting included the effective implementation of monetary policies, the state of the banking sector, efforts to develop Islamic banking, the mechanization of exchange activities and people’s access to financial services.
Last month, the UN’s World Food Program (WFP) reported that following political changes in August 2021, inflation surged in Afghanistan, peaking at 18.3 percent in July 2022.
However, it subsequently plummeted into deflation, reaching -9.0 percent in March 2024.
Similarly, food inflation decreased from +26 percent in June 2022 to -13.8 percent in March 2024.
The persistent deflation is reflecting a fall in food prices and weak consumer demand.
However, WFP stated: “While deflation supports low food prices, limited number of job opportunities and low wages will continue to weaken household purchasing power.”
Exchange Rate:
The monthly average exchange rate between AFN and US dollar was recorded at AFN 72.0 per 1 USD.
After its surge in January 2022, the value of AFN started to consistently appreciate against the US dollar during the year 2023 and remains relatively stable, hovering around AFN 70-74 per USD since November 2023.
Factors such as US dollar auctions by the Da Afghanistan Bank, ban on foreign currencies for domestic transactions, increased remittances, and UN dollar shipments significantly contribute to the stability of AFN, WFP reported.
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Afghanistan says Pakistani military post destroyed near Spin Boldak
Afghanistan’s Ministry of Defense says a Pakistani military post near Spin Boldak was targeted and destroyed after Pakistani forces opened fire toward Afghanistan.
Ministry spokesperson Enayatullah Khwarazmi said in a post on X that Afghan forces suffered no casualties or damage in the clash.
Khwarazmi also rejected claims made by the Pakistani side about the incident, describing them as “propaganda.”
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Mujahid: Pakistan attacking Afghanistan to evade Mecca Pact responsibilities
He warned that the Islamic Emirate would give an “appropriate response” to what he called the Pakistani military regime’s “bullying.”
Islamic Emirate spokesperson Zabihullah Mujahid has accused Pakistan of carrying out attacks on Afghanistan to divert attention from its domestic problems and to evade responsibilities under the “Mecca Pact.”
Speaking at a religious seminary in Kandahar, Mujahid said Pakistan was facing political and economic challenges at home and was using attacks on Afghanistan to shift public attention away from protests and its internal problems.
“Pakistan, by violating the territory of its neighboring Islamic country, wants to divert attention from its failures,” he said.
Mujahid also criticized Pakistan’s political situation, claiming that political space had been restricted and that freedoms guaranteed under the country’s laws were not being allowed.
He said Pakistan’s economic problems had also increased significantly and accused the country of seeking to distract the public from those problems by engaging in conflict with Afghanistan.
Mujahid further accused Pakistan’s military leadership of putting the Pakistani people at risk through what he described as its “false position.”
He warned that the Islamic Emirate would give an “appropriate response” to what he called the Pakistani military regime’s “bullying.”
His remarks followed Pakistani airstrikes on Kandahar, Paktia and Khost provinces on Thursday, which Afghan authorities said killed four civilians.
The strikes came three days after attacks on Kunar and Paktika provinces, in which Afghan authorities said three civilians were killed.
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Kabul rejects U.S. claim that meth seized in Pakistan was of Afghan origin
Balkhi said the Islamic Emirate of Afghanistan (IEA) has imposed an absolute ban on the production, trafficking and use of all types of narcotics in Afghanistan.
Afghanistan’s Foreign Ministry spokesperson Abdul Qahar Balkhi has rejected a U.S. claim that 463 kilograms of synthetic drugs seized in Pakistan were of Afghan origin, calling the attribution “unfounded and politically motivated.”
Balkhi said the U.S. Embassy in Islamabad should investigate the origin of the seized drugs in Pakistan rather than attributing them to Afghanistan.
“The attribution by the U.S. Embassy in Islamabad of the synthetic drugs bound for Sri Lanka and intercepted in Pakistan through joint U.S.-Pakistani efforts as ‘Afghan-origin’ is an unfounded and politically motivated allegation,” Balkhi said.
He said the Islamic Emirate of Afghanistan (IEA) has imposed an absolute ban on the production, trafficking and use of all types of narcotics in Afghanistan.
Balkhi also claimed that following the ban in Afghanistan, the cultivation, production and trafficking of narcotics have increased “on the other side of the Durand Line.”
He further argued that Afghanistan does not have the capacity to produce synthetic drugs and said crossing points along the Durand Line have been completely closed to all movement for nearly a year.
His remarks came after the U.S. Embassy in Islamabad said U.S. and Pakistani anti-narcotics authorities had seized 463 kilograms of crystal methamphetamine worth an estimated $21 million and bound for Sri Lanka.
The embassy said the operation led to multiple arrests and highlighted ongoing U.S. cooperation and training with Pakistani authorities to disrupt international drug-trafficking networks.
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