Connect with us

Latest News

Afghanistan central bank raises limit on bank withdrawals to $400 a week

Published

on

Afghanistan’s central bank has eased restrictions on bank withdrawals, lifting the maximum to $400 from dollar-denominated accounts or 30,000 Afghanis a week from the previous limit of $200 or 20,000 Afghanis, the central bank said on Wednesday.

The change, which sets a monthly limit on withdrawals of $1,200 or 100,000 Afghani, came amid growing economic hardship that has left millions in Afghanistan without work and facing hunger.

Even those with savings have struggled to pay for food and household necessities because of the strict limits on withdrawals that were brought in to prevent a run on banks.

Afghanistan’s foreign exchange reserves have been restricted following the Islamic Emirate of Afghanistan (IEA) take over in August, severely limiting the new administration’s room for financial manoeuvre.

Some $9.5 billion in central bank reserves remain blocked outside the country and international support given to the previous government has dried up.

This week, the IEA banned the use of foreign currencies for transactions like buying a car or a house, saying all contracts must be denominated in the Afghani currency.

Latest News

Baradar urges scholars to promote protection of Islamic system and national interests

Published

on

Mullah Abdul Ghani Baradar, Deputy Prime Minister for Economic Affairs, has called on religious scholars to play a stronger role in promoting the protection of the Islamic system and Afghanistan’s national interests among the public.

Speaking at a turban-tying ceremony at Jamia Fath al-Uloom in Kabul on Wednesday, Baradar urged scholars to adopt a softer tone in their sermons and public addresses.

He said that alongside teaching religious obligations, scholars should help foster a sense of responsibility toward safeguarding the Islamic system and national unity.

Baradar described madrasas as the sacred foundations of religious learning, moral education, spiritual and intellectual development, and Islamic movements within Muslim societies.

He noted that in Afghanistan, religious teachings and the concept of sacred jihad originated in madrasas, spread from villages to cities, and eventually translated into action and resistance.

He also emphasized the role of madrasas in the intellectual reform of society, the removal of what he described as un-Islamic cultural influences, and the preservation of Islamic traditions.

Baradar stressed that religious schools must remain committed to their original mission and values under all circumstances.

Continue Reading

Latest News

Iran’s Bahrami invites Afghan FM Muttaqi to Tehran during Kabul meeting

Published

on

Continue Reading

Latest News

Afghanistan, Kyrgyzstan discuss expanding trade and economic cooperation

Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.

Published

on

Afghanistan and Kyrgyzstan held high-level talks in Kabul aimed at strengthening bilateral economic and trade relations, officials said.

The meeting brought together Nooruddin Azizi, Minister of Industry and Commerce of the Islamic Emirate of Afghanistan, and Bakyt Sadykov, Minister of Economy and Trade of the Kyrgyz Republic, who is leading a visiting delegation to the Afghan capital.

Azizi welcomed the Kyrgyz delegation and thanked them for visiting Kabul, underscoring the importance of closer economic engagement between the two countries.

During the talks, both sides discussed ways to boost bilateral trade by making better use of existing capacities and identifying priority export commodities.

The discussions also focused on developing transit routes, signing transit agreements, attracting joint domestic and foreign investment, and expanding cooperation through trade exhibitions, business conferences and regular meetings.

The two ministers stressed the need to implement earlier agreements, particularly the economic and trade cooperation roadmap signed during a previous visit by an Afghan delegation to Kyrgyzstan.

They said effective follow-up on these commitments would be key to translating discussions into tangible results.

Officials from both countries said the meeting was intended to deepen economic, trade and investment ties, while opening new avenues for partnership between Afghanistan and Kyrgyzstan in the coming period.

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!