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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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Ariana Airlines brings $2.3 million Boeing 737 engine from US to Kabul
The airline said the delivery represents an important step in strengthening its technical and operational capacity and supporting the continued operation of its fleet.
Ariana Afghan Airlines has brought a Boeing 737 aircraft engine from the United States to Kabul following continued efforts by the airline’s leadership to complete the shipment.
According to Ariana Afghan Airlines’ media office, the engine had been held up in the United States due to customs procedures. Following completion of the required process, the engine was cleared and transported to Kabul.
The engine was purchased from US-based Global Engine for $2.3 million. Ariana’s technical team is expected to install the engine on one of the airline’s Boeing 737 aircraft following its arrival.
The airline said the delivery represents an important step in strengthening its technical and operational capacity and supporting the continued operation of its fleet.
Ariana Afghan Airlines’ leadership said it is also working to accelerate the procurement of additional spare parts and technical equipment required to maintain and support the airline’s aircraft and operations.
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Afghanistan issues more than 650,000 passports in one year
Zabihullah Mujahid, spokesperson for the Islamic Emirate, says more than 650,000 ordinary passports were issued across Afghanistan over the past Hijri year, while the visas of more than 16,000 foreign nationals were extended.
Mujahid made the remarks during the “Government in the Media Mirror” program, held under the theme “Public Services Week.”
According to him, the General Directorate of Statistics and Information also distributed nearly 2 million electronic national ID cards and around 1 million paper ID cards during the 1447 Hijri year.
Mujahid added that the agency provided hundreds of thousands of in-person and online services related to corrections and amendments to national ID cards over the past year.
The Islamic Emirate spokesperson said the General Directorate of Passports has sought to make services faster and easier by reducing the passport application form from nine pages to one page.
He also announced an expansion of services by the state-owned Afghan Post, saying the company delivered more than 5 million domestic mail items over the past year.
According to Mujahid, other measures to expand postal services included verifying and certifying hundreds of thousands of documents, launching express services, establishing a customer service center, and delivering documents directly to people’s homes.
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Construction begins on major cement production plant in Herat
Construction of a major cement production plant has officially begun in Afghanistan’s western Herat province, with the project expected to receive $143 million in investment and create thousands of jobs.
The groundbreaking ceremony was held on Sunday in the presence of senior officials of the Islamic Emirate, including the Deputy Prime Minister for Economic Affairs, the Deputy Prime Minister for Administrative Affairs and several cabinet ministers.
Homayoun Afghan, spokesperson for the Ministry of Mines and Petroleum, said the project has been contracted to a local company and that construction is expected to be completed within two years.
Once operational, the plant is expected to produce around 3,000 tonnes of cement per day, according to the ministry.
Officials say the project will provide direct and indirect employment for approximately 5,000 people, creating jobs and supporting economic activity in the province.
The Herat cement project is considered one of Afghanistan’s major industrial projects. Its development has been anticipated for decades, with residents and officials repeatedly calling for the province’s cement resources to be developed locally.
The plant is located about 30 kilometers west of Herat city in Zinda Jan district.
The project is expected to increase domestic cement production and reduce reliance on imported cement once it becomes operational.
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