Connect with us

Latest News

Afghanistan’s Central Bank working to shift economy from cash to cards

Published

on

Da Afghanistan Bank (DAB), the country’s central bank, says it is stepping up efforts to reduce Afghanistan’s dependence on cash by promoting the use of electronic payment systems—including bank cards and automated machines—as part of a broader financial modernization agenda.

DAB spokesperson Hasibullah Noori announced that systems are being designed to enable users to carry out transactions through all types of automated payment technologies, a move aimed at improving transaction speed and reducing physical currency degradation.

People will be able to use electronic cards for their financial transactions, Noori said, adding that this will help reduce the wear and tear of paper money and also improve transaction efficiency.

The initiative, while modest in scope so far, signals the central bank’s intention to shift Afghanistan’s heavily cash-based economy toward a more digitally enabled financial ecosystem.

Afghanistan remains one of the most cash-reliant economies in the world, with the vast majority of daily personal and commercial transactions conducted using physical currency. This dependency is driven by multiple longstanding challenges including limited banking penetration, particularly in rural areas where over 70% of Afghans live.

International isolation and sanctions since the Islamic Emirate’s return to power in August 2021 have also led to increased challenges as Afghanistan deals with restricted access to the global banking system, frozen assets, and a reliance on informal transfer networks like hawala for both private and humanitarian finance.

Although DAB is promoting the use of electronic cards, many experts argue the supporting infrastructure is virtually nonexistent in most areas. Outside of Kabul and a few provincial capitals, point-of-sale (POS) terminals, card readers, and payment networks are rare.

Additionally, many of the cards currently in circulation are linked to limited-use payroll accounts for civil servants or NGO employees and are not widely accepted in markets, transport systems, or shops.

Economic analysts say however that before pushing digital payments, the central bank must invest in foundational infrastructure, including mobile banking systems, merchant acceptance networks, and public financial education.

Latest News

Japan allocates nearly $20 million in humanitarian aid for Afghanistan

Published

on

The Embassy of Japan in Afghanistan announced on Friday that the country has allocated $19.5 million in humanitarian assistance to Afghanistan.

In a statement, the Japanese Embassy said it hopes the aid will help bring positive change to the lives of vulnerable Afghans.

According to the statement, the assistance will cover the basic humanitarian needs of vulnerable communities in Afghanistan.

The embassy added that the aid will be delivered through United Nations agencies, international organizations, and Japanese non-governmental organizations operating in Afghanistan.

Japan’s total assistance to Afghanistan since August 2021 has reached more than $549 million.

Continue Reading

Latest News

Afghan border forces prevent illegal entry of hundreds into Iran

Published

on

Security forces at the Islam Qala border in Herat province prevented hundreds of young Afghans from illegally entering Iran.

Officials from the 207 Al-Farooq Army Corps said that around 530 people attempted over the past two days to illegally enter Iranian territory through areas of Kohsan district in Herat, but border forces detained them and transferred them back to their original areas.

Meanwhile, officials in the local administration of Herat said that due to severe cold along the illegal migration route to Iran, three Afghan migrants have lost their lives in the Kohsan district of the province, and a shepherd has also died there for the same reason.

Mohammad Yousuf Saeedi, spokesperson for the Herat governor’s office, said that some statistics and images shared on social media regarding the incident are not reliable.

According to him, further investigations are underway to determine whether any individuals have died on the other side of the border.

Continue Reading

Latest News

US pauses green card lottery program after Brown University shooting

Published

on

President Donald Trump suspended the green card lottery program on Thursday that allowed the suspect in the Brown University and MIT shootings to come to the United States.

Homeland Security Secretary Kristi Noem said in a post on the social platform X that, at Trump’s direction, she is ordering the United States Citizenship and Immigration Services to pause the program, the Associated Press reported.

“This heinous individual should never have been allowed in our country,” she said of the suspect, Portuguese national Claudio Neves Valente.

Neves Valente, 48, is suspected in the shootings at Brown University that killed two students and wounded nine others, and the killing of an MIT professor. He was found dead Thursday evening from a self-inflicted gunshot wound, officials said.

Neves Valente had studied at Brown on a student visa beginning in 2000, according to an affidavit from a Providence police detective. In 2017, he was issued a diversity immigrant visa and months later obtained legal permanent residence status, according to the affidavit. It was not immediately clear where he was between taking a leave of absence from the school in 2001 and getting the visa in 2017.

The diversity visa program makes up to 50,000 green cards available each year by lottery to people from countries that are little represented in the U.S., many of them in Africa. The lottery was created by Congress, and the move is almost certain to invite legal challenges.

Nearly 20 million people applied for the 2025 visa lottery, with more than 131,000 selected when including spouses with the winners. After winning, they must undergo vetting to win admission to the United States. Portuguese citizens won only 38 slots.

Lottery winners are invited to apply for a green card. They are interviewed at consulates and subject to the same requirements and vetting as other green-card applicants.

Trump has long opposed the diversity visa lottery. Noem’s announcement is the latest example of using tragedy to advance immigration policy goals. After an Afghan man was identified as the gunman in a fatal attack on National Guard members in November, Trump’s administration imposed sweeping rules against immigration from Afghanistan and other counties.

While pursuing mass deportation, Trump has sought to limit or eliminate avenues to legal immigration. He has not been deterred if they are enshrined in law, like the diversity visa lottery, or the Constitution, as with a right to citizenship for anyone born on U.S. soil. The Supreme Court recently agreed to hear his challenge to birthright citizenship.

 

Continue Reading
Advertisement
Advertisement
Advertisement
Advertisement

Trending

Copyright © 2025 Ariana News. All rights reserved!