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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 powerlifting team wins six medals at World Cup series in Belarus

A total of six Afghan athletes and one coach represented the country in the tournament, which featured competitors from ten nations.

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The General Directorate of Physical Education and Sport of Afghanistan says Afghan powerlifting athletes secured six medals at the “Powerlifting World Cup Series 2026” held in Belarus.

According to the directorate, Afghan athletes won four gold medals, one silver medal, and one bronze medal during the international competition.

Fawad Sherin Sokhan, Jabar Sherin Sokhan, Noor Ahmad Sakhi Zada, and Mirwais Rafi Zada each claimed gold medals, while Rohullah Khairandesh won silver and Hamidullah Hakimi earned bronze for Afghanistan.

A total of six Afghan athletes and one coach represented the country in the tournament, which featured competitors from ten nations.

The competition began on May 6 and concluded on May 10 in Belarus, showcasing strong performances from Afghan athletes on the international stage.

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Afghanistan seeks closer trade cooperation with Uzbekistan

Uzbek officials also unveiled plans to open trade chambers in Russia, Kazakhstan, and Kyrgyzstan to help boost exports and improve market access for regional products.

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Afghanistan has called on Uzbekistan to establish a coordination and liaison office at the Termez border market to strengthen direct business ties between the private sectors of the two countries.

The proposal was discussed during a meeting in Mazar-i-Sharif between Nooruddin Azizi, Afghanistan’s Minister of Industry and Commerce, and Amanbai Orynbaev, Chairman of the Supreme Council of Uzbekistan’s Karakalpakstan region.

During the talks, both sides explored opportunities to expand cooperation in the export of Afghan cotton, coal, fresh and dried fruits, as well as joint projects in food production, construction materials, tourism, pharmaceutical manufacturing, mineral processing, and investment in key economic sectors.

Uzbek officials also unveiled plans to open trade chambers in Russia, Kazakhstan, and Kyrgyzstan to help boost exports and improve market access for regional products.

As part of the visit, the Uzbek delegation inaugurated an expo of national products in Mazar-i-Sharif aimed at promoting trade and economic cooperation between the two neighbouring countries.

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Japan announces MEXT scholarships for Afghan students for 2027 academic year

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The Embassy of Japan in Afghanistan has announced scholarship opportunities for Afghan students under the Japanese Government (MEXT) Scholarship Program for the 2027 academic year.

According to the embassy, the Ministry of Education, Culture, Sports, Science and Technology (MEXT) of Japan is offering scholarships for graduate-level study at Japanese universities under the research student category, including both regular and non-regular students.

Interested and eligible applicants can download the application guidelines and forms from the official Study in Japan website and are advised to carefully review all requirements before applying.

Applicants who meet the eligibility criteria and have prepared all required documents must submit their applications by 25 May 2026. The embassy said late or incomplete submissions will not be accepted.

The first screening process will include a written examination in Kabul on 18 June 2026, followed by interviews scheduled for July 2026 (date to be confirmed).

The Embassy of Japan noted that the Aga Khan Foundation Afghanistan will assist in collecting applications and facilitating written examinations, but will not be involved in the selection process.

It further emphasized that the selection will be conducted independently by the embassy and the Japanese government, based on academic merit, quality of application documents, and performance in written and interview examinations, without consideration of religious, linguistic, or ethnic background.

The scholarship program is fully funded and free of charge. The embassy warned applicants to remain cautious against scams, stressing that no financial contributions are required at any stage of the application process.

 

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