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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.

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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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Afghan women’s situation highlighted at SCO Forum amid ongoing global debate

She urged member states of the SCO to show solidarity with Afghan women and not remain indifferent to their situation.

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Afghanistan was at the center of discussions at the Shanghai Cooperation Organization (SCO) Women’s Forum in Bishkek, where former head of the UN Assistance Mission in Afghanistan (UNAMA), Roza Otunbayeva, described the situation of women in the country as a serious human rights concern.

Speaking at the forum, Otunbayeva said restrictions imposed on women and girls in Afghanistan demonstrate how a return to conservative policies can rapidly affect women’s daily lives and opportunities.

Otunbayeva, who previously served as head of UNAMA in Afghanistan, stated: “Today in Afghanistan, girls cannot receive education beyond sixth grade. Women are prohibited from working, visiting parks and gyms, and traveling without a male companion.”

She urged member states of the SCO to show solidarity with Afghan women and not remain indifferent to their situation.

According to her, women in Afghanistan urgently need support in education, employment, and social participation, and these issues should be addressed at both regional and international levels.

Her remarks come at a time when the situation of women in Afghanistan remains a subject of ongoing international debate.

Meanwhile, the Islamic Emirate of Afghanistan has repeatedly stated that women’s rights in the country are ensured better than ever before.

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CSTO says Tajik-Afghan border security still ‘complicated’

The Islamic Emirate of Afghanistan has repeatedly stated that Afghan territory will not be used against any country.

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The Collective Security Treaty Organization (CSTO) says the security situation along the Tajik-Afghan border remains “complicated,” citing ongoing concerns over militant activity in northern Afghanistan.

Viktor Vasilyev, chairman of the CSTO Permanent Council, said this week that instability in Central Asia continues to stem from threats posed by militants operating near Afghanistan’s northern border region.

Speaking at a forum in St. Petersburg, Russia, Vasilyev said member states plan to intensify joint efforts to counter militant groups that, according to Tajik and Chinese authorities, have carried out attacks on Chinese-backed business interests and other sporadic cross-border incidents affecting Tajikistan. Afghanistan’s ruling authorities have expressed regret over such incidents, but he said the security situation remains fragile in remote border areas.

“Despite Russia’s and several Central Asian countries’ efforts to establish contacts with the current authorities in Kabul, the security situation remains complicated,” Vasilyev said, calling it the CSTO’s main concern in the region, according to the Russian state news agency TASS.

He added that the bloc plans to expand coordinated operations, including efforts to “neutralize militant and extremist groups” that he said continue to accumulate along Afghanistan’s northern borders. He also described reported shelling of Tajik territory from Afghanistan as a “particular concern.”

The CSTO, which includes Russia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan, and Armenia, has previously supported Tajikistan through military equipment and joint exercises aimed at strengthening border security along its 1,200-kilometer frontier with Afghanistan.

However, Armenia has suspended its participation in the alliance, citing dissatisfaction over CSTO inaction during past conflicts with Azerbaijan, and has instead pursued closer ties with Europe and the United States. The issue of Armenia’s status is expected to be discussed at the ongoing forum in St. Petersburg.

Vasilyev, a veteran Russian Foreign Ministry official, assumed the rotating CSTO chairmanship in January and is set to remain in the position until the end of 2026.

Meanwhile, the Islamic Emirate of Afghanistan has repeatedly stated that Afghan territory will not be used against any country and has assured that it will not allow any armed group to operate from Afghan soil against neighboring states.

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TAPI project sees rapid progress in Afghanistan

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Afghanistan’s Islamic Emirate says work on the TAPI Pipeline is advancing steadily, with major infrastructure activities continuing at a rapid pace across the country.

Zabihullah Mujahid said around 130 kilometers of the route have been leveled so far, while 91 kilometers of pipeline have already been installed.

He said the total distance from the border of Turkmenistan to the Herat Industrial Park covers 153 kilometers, where the pipeline will extend.

According to Mujahid, completion of the project is expected to bring major economic transformation to Herat, with thousands of factories projected to become operational.

The 1,814-kilometer pipeline, including 816 kilometers passing through Afghanistan to Pakistan, is designed to transport 33 billion cubic meters of gas annually. Work on the Afghan section began in September 2024, with 52 percent completed so far, while the Herat section is expected to be finished by the end of 2026.

Once operational, the project is expected to provide Afghanistan with millions of dollars in annual transit revenue, while the country will also receive 500 million cubic meters of gas initially, increasing to 1 billion and later 1.5 billion cubic meters in future phases.

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