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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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Doctors Without Borders (MSF) has announced that it will continue providing its essential health services to the people of Afghanistan.
In a post on X, the organization, referring to Afghanistan’s health needs, said that over the past year it has been active in various health sectors across the country, ranging from maternal and child care to emergency response, as well as the treatment of patients suffering from tuberculosis and severe injuries.
According to MSF, its teams over the past year have been present at a range of health facilities, including neonatal intensive care units, operating theatres, surgical centers, and specialized tuberculosis treatment wards, where they have delivered life-saving services to patients.
The organization stressed that it will continue ensuring the provision of health services, particularly for needy families and vulnerable communities in remote areas of Afghanistan.
The Embassy of Afghanistan in Japan, currently run by diplomats of the previous government, has announced that it will suspend its operations in Tokyo after the end of January 2026.
In a statement issued on Friday, the embassy said the decision was made after consultations with Japan’s Ministry of Foreign Affairs, in close coordination with Japanese authorities, and in accordance with the 1961 Vienna Convention on Diplomatic Relations.
The embassy added that after January 31, all of its political, economic, cultural, and consular activities will be halted until further notice.
Currently, Shaida Abdali is serving as Afghanistan’s ambassador to Japan.
Sadin Ayyıldız, Chargé d’Affaires of the Turkish Embassy in Kabul, held a courtesy meeting with Zakir Jalali, the Second Political Deputy of Afghanistan’s Ministry of Foreign Affairs, on the occasion of the start of his mission.
The Turkish Embassy in Kabul said in a post that the meeting included mutual exchanges of views on bilateral relations.
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