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DAB says technical agreements in place to print new bank notes

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(Last Updated On: August 12, 2022)

The country’s central bank – Da Afghanistan Bank (DAB) said Thursday they have reached agreements with a number of foreign countries and money printing facilities to print new bank notes for the country.

“We have collected and burned the old money, we have reached an agreement with the money printing offices and countries and we expect to proceed according to the plan and present you with the results, we are proceeding based on national interests; discussions have been held with countries and banks and they will help Afghanistan,” said Lutful Haq Noor Pasarlay, DAB’s policy deputy head.

Abdulqahar known as Haji Muhammad Edris, the acting head of De Afghanistan Bank, also spoke at the event and mapped out achievements made by the central bank in the past 12 months.

“Maintaining the stability of the value of the Afghani currency, maintaining the sustainability of commercial banks, providing banking services, facilitating cross-border transfers and developing new systems were some of the issues in the attention of Da Afghanistan Bank during the last year,” said Abdulqahar.

According to officials, in order to improve the banking sector and prevent criminal activities, the law to prevent terrorism financing, the regulation of preventive measures against money laundering, the management plan for the liquidity problem of the banking sector, the plan to revive the financial and banking sector, and the crisis management policy, have been drawn up and will soon be adopted.

The officials also said that in order to release Afghanistan’s foreign exchange reserves, several internal and external meetings have been organized with the relevant parties and discussions have been held on technical matters.

The last meeting of technical representatives of Afghanistan and the United States, for releasing Afghanistan’s frozen assets, was held in Tashkent, Uzbekistan.

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IEA’s foreign ministry summons Pakistan’s charge d’affaires over airstrike

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(Last Updated On: March 18, 2024)

The Ministry of Foreign Affairs of the Islamic Emirate of Afghanistan (IEA) has summoned Pakistan’s charge d’affaires over Islamabad’s airstrike inside Afghanistan in the early hours of Monday morning.

The ministry presented the charge d’affaires with a letter of protest and advised the new civilian government to curb anti-Afghanistan actions and to not ‘complicate’ relations between the two Muslim countries.

The ministry also condemned the airstrikes, in Paktika and Khost, and warned Islamabad it has a long history of fighting foreign powers and that it will not tolerate military action on its territory.

The ministry said in a statement that Pakistan’s new civilian government and the people of Pakistan should not allow some circles to complicate the relations between the two neighboring Muslim countries.

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Bayat Foundation steps in to help needy families over Ramadan

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(Last Updated On: March 18, 2024)

Dozens of needy families in Herat province received much needed Ramadan aid packages on Monday from Bayat Foundation.

According to Bayat Foundation officials, a transparent assessment was carried out on people in need before the aid was distributed.

The packages included flour, rice and cooking oil. The foundation will carry this initiative through to other provinces during the holy month of Ramadan.

Officials said poverty and unemployment in the country has resulted in more people needing assistance.

Recipients of this aid welcomed the initiative and called on other organizations to also help the needy.

Over the past 20 years, the Bayat Foundation has carried out countless campaigns to help the needy across the country. The foundation is also actively involved in education and health – with the aim of helping the needy in Afghanistan.

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Border forces target military posts along Durand Line in response to airstrikes

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(Last Updated On: March 18, 2024)

The Ministry of National Defense of the Islamic Emirate of Afghanistan (IEA) said Monday morning that border forces targeted Pakistan “military centers” along the Durand Line in response to airstrikes against civilian homes in Paktika and Khost provinces.

In the early hours of Monday morning, Pakistan carried out airstrikes inside Afghanistan, hitting residential houses in Spera district in Khost and Bermel district in Paktika.

At least eight people were killed – five women and three children.

Inayatullah Khwarazmi, the defense ministry’s spokesperson said on X: “In response to this aggression, the border forces targeted Pakistan’s military centers along the Durand line with heavy weapons.”

Khwarazmi added that the country’s defense and security forces are ready to respond to any aggressive actions and will defend their territorial integrity.

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