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IEA bans use of foreign currencies in bid to stabilize Afghan currency
Islamic Emirate of Afghanistan (IEA) officials on Tuesday banned the use of foreign currencies for commercial transactions in the country in a bid to stabilize the plummeting national currency, the Afghani (AFN).
Mawlawi Abdul Salam Hanafi, deputy prime minister, who is heading up a commission to curb the currency’s freefall, said at a press conference that the AFN would stabilize on the back of steps being taken.
“We have ordered clerics, local officials and security forces to prevent the use of foreign currencies [being used] in Afghanistan,” said Hanafi.
Mawlawi Hanafi warned that the authorities would take serious action against anyone found to be using, hoarding or smuggling foreign currencies.
This comes as Afghanistan grapples with an economic crisis following the sudden collapse of the previous government, the suspension of foreign donor money and the freezing of foreign assets.
Officials have however said there has been an increase in national revenue generated and that serious efforts are being made to stabilize the economy.
Mullah Abdul Ghani Baradar, first deputy prime minister of Afghanistan, meanwhile said while visiting an expo of domestic products in Kabul city that the humanitarian crisis, particularly the lack of food, will create challenges for the region and the world.
Mullah Baradar also criticized the international community for its silence over the issue of Afghanistan’s frozen assets.
“Why is the world silent about what the US is doing? The money did not belong to [former president] Ashraf Ghani; it belongs to the nation. Why is the US doing this? Why is the world silent? It is the nation’s money and it should be returned,” he said.
Regarding the issue of not recognizing the IEA as Afghanistan’s government, Mullah Baradar said the world is pursuing its own goals but that the IEA is committed to issues of national interest.
“We call on the international community to recognize the IEA and release Afghanistan’s frozen assets to solve the problems,” said Mullah Baradar.
The White House said on Monday that they are not yet willing to release Afghanistan’s frozen assets, which amount to over $9 billion.
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IEA should respond to Pakistan’s security concerns with concrete actions: Andrabi
Pakistani Foreign Ministry spokesman Tahir Hussain Andrabi says both Pakistan’s Prime Minister Shehbaz Sharif and Sadyr Japarov, the President of Kyrgyzstan, who visited Islamabad on Thursday, expressed their mutual commitment to a peaceful, stable Afghanistan with a sustainable future for the Afghan people.
Speaking in a press conference on Friday, Andrabi stated that both sides agreed that the Islamic Emirate must fulfill its obligations toward the international community and take concrete steps against terrorist groups to address Pakistan’s legitimate security concerns.
This comes while the Islamic Emirate of Afghanistan has repeatedly emphasized that no terrorist groups operate from Afghan territory and that it will not allow anyone to use Afghan soil against any country.
The Islamic Emirate has also stated that Pakistan’s security concerns are an internal issue of that country, and Pakistan itself must take measures to prevent any security incidents.
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Malaysia’s PM calls peaceful solution to Afghanistan-Pakistan tensions
Malaysian Prime Minister Datuk Seri Anwar Ibrahim has voiced deep concern over escalating tensions between the Afghanistan–Pakistan during a telephone conversation with Pakistan’s Prime Minister Shehbaz Sharif.
In a statement posted on Facebook, Anwar said he emphasized Malaysia’s concerns regarding regional stability and urged all parties to pursue a peaceful resolution through dialogue and diplomatic engagement to prevent further escalation.
His remarks follow media reports indicating heightened tensions between Afghanistan and Pakistan after a series of attacks in October.
During the call, the two leaders also exchanged views on several aspects of Malaysia–Pakistan bilateral relations.
Anwar also briefed Sharif on the ongoing flood situation in Malaysia and similar challenges facing neighboring countries, including Indonesia and Thailand.
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Afghanistan makes major strides in cutting drug trafficking, says Putin
Putin stated that Afghan authorities have “substantially reduced” opium cultivation and are “seriously confronting” drug-related threats from within their borders.
Russian President Vladimir Putin says Afghanistan has taken “active and effective” steps to curb drug trafficking, noting a significant drop in opium production across the country. He made the remarks during an exclusive interview with India Today during his India trip, highlighting what he described as “visible progress” in Afghanistan’s internal security efforts.
Putin stated that Afghan authorities have “substantially reduced” opium cultivation and are “seriously confronting” drug-related threats from within their borders. He added that Afghanistan has also made important advancements in the fight against terrorism.
Responding to a question about why Russia officially recognized the Islamic Emirate, the Russian president said Afghanistan had been engulfed in civil conflict for many years, but the current authorities now hold control over the country. “This is the reality, and it must be acknowledged,” Putin emphasized.
He further noted that maintaining contact with Afghanistan’s leadership is crucial for shaping events inside the country. “If you want influence, you must engage with the people in charge — and that is exactly what we are doing,” he said.
Putin’s remarks come as several regional powers continue to recalibrate their diplomatic strategies toward Afghanistan, focusing on stability, counterterrorism, and economic cooperation.
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