Business
Afghanistan: Central bank delivers report for last fiscal year
Da Afghanistan Bank presented its performance report for the last solar year, 1401, (March 21, 2022 to March 20, 2023) on Wednesday and reported the value of the afghani increased by 1.01 percent against the previous year.
Bank officials said at a press conference in Kabul that there had also been a 59.5 percent increase in revenue collected in 1401, which totaled over $8.68 billion.
Officials said during the last year, Da Afghanistan Bank has managed the country’s foreign exchange reserves to meet the needs of the market and is trying to take effective steps to strengthen the banking and financial sector through the release of the country’s foreign exchange reserves.
Formulating a strategic plan for the management of the banking sector, reviewing legal documents, continuous monitoring of the activities of licensed banks, removing restrictions on withdrawing money from personal accounts in commercial banks and obtaining licenses from the US Treasury Department for the purpose of improving the banking system, were key achievements by Da Afghanistan Bank during the last year.
Officials also said an Islamic Banking Committee had been established within the framework of Da Afghanistan Bank in order to strengthen the Islamic banking system in the country.
Also, in order to regulate, mechanize and manage the affairs of the non-banking sector in the country as best as possible, a master plan has been drawn up by Da Afghanistan Bank and sent to the Islamic Emirate of Afghanistan’s Cabinet for approval.
The officials stated that in the past year, Da Afghanistan Bank has prevented money laundering and currency smuggling in the light of applicable laws, and in order to build trust, it has sent its performance report to relevant international organizations.
Officials of Da Afghanistan Bank say that in order to manage liquidity in the capital and provinces, the bank has taken solid steps to implement reasonable plans.
They said in the past year, the amount of 1.1 billion afghanis was released into circulation and old bank notes were withdrawn.
According to officials, the creation of a registration system of loan rights of movable properties and the monitoring system of the non-banking sector, the renewal of the banking systems of the capital and the adoption of necessary cyber measures for the security of the SWIFT system are other achievements of Da Afghanistan Bank during the year 1401.
Business
‘Made in Afghanistan’ expo opens in Tashkent
The Afghanistan Chamber of Commerce and Investment has announced that a major exhibition of Afghan products titled “Made in Afghanistan” is opening today (Wednesday) in Uzbekistan’s capital Tashkent.
According to the chamber, the expo—supported financially by the United Nations Development Programme—will run until Friday and aims to showcase Afghanistan’s production and export potential.
More than 60 booths have been set up by Afghan traders, featuring a wide range of products including carpets, dried and fresh fruits, saffron, pine nuts, cotton, precious and semi-precious stones, as well as beverages.
Officials from the chamber expressed hope that the expo will help expand trade relations between Afghanistan and countries in the region, particularly Uzbekistan.
Business
Afghani strengthens nearly 10% against US dollar amid banking sector reforms
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
Afghanistan’s central bank, Da Afghanistan Bank, says the national currency has appreciated by 9.93% against the US dollar during the year 1404, citing steady progress in the country’s financial and banking systems.
Officials attributed the gains to cautious monetary policies that have helped stabilise the Afghani against major global currencies while also boosting its value against the dollar.
The bank said it has expanded oversight of financial institutions and private lenders, improving transparency and promoting more consistent standards across the sector.
As part of efforts to better manage liquidity, authorities also collected and destroyed worn-out banknotes in circulation. At the same time, officials reported growth in electronic banking, with digital payment usage rising in recent months.
Central bank spokesperson Haseebullah Noori said initiatives are underway to broaden access to banking services nationwide, including the wider rollout of Islamic banking options.
Analysts welcomed the stabilisation efforts but stressed the need to address ongoing challenges facing domestic banks, including the impact of international financial sanctions on Afghanistan.
They added that expanding Islamic banking could help draw more savings into the formal financial system, noting that a significant share of personal wealth remains outside banks. Bringing those funds into the sector, they said, could inject billions of Afghanis into the economy and further support financial stability.
Business
Uzbekistan delivers over 290 tons of aid to Afghanistan
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
Uzbekistan has delivered more than 290 tons of humanitarian aid to Afghanistan, according to the country’s Ministry of Foreign Affairs.
The assistance, provided ahead of Eid al-Fitr, is intended to support vulnerable communities while reinforcing ties between the neighboring countries.
The shipment includes essential food supplies such as flour, rice, wheat, vegetable oil, instant meals, pasta, and confectionery. An official handover ceremony was held in the border town of Hairatan.
Local officials, including Balkh province representatives and authorities from Hairatan, expressed appreciation for the continued support, acknowledging Uzbekistan’s efforts to assist the Afghan people.
Among those present at the ceremony were Uzbekistan’s Ambassador to Afghanistan, Oybek Usmanov, and Surkhandarya regional governor Ulugbek Kosimov.
The aid delivery underscores Uzbekistan’s ongoing humanitarian engagement and its broader efforts to promote regional cooperation and stability.
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