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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.
Abdul Rahman Munir, the Deputy Minister for Counter-Narcotics at the Ministry of Interior, said on Saturday at the meeting of the Central Asian Regional Information and Coordination Centre for Combating Drugs (CARICC) in Uzbekistan that the cultivation, trafficking, and sale of narcotics in Afghanistan have “almost dropped to zero.”
Abdul Mateen Qani, spokesperson for the Ministry of Interior, said in a statement that Munir described the Islamic Emirate’s ongoing counter-narcotics campaign in Afghanistan as “a milestone of achievements.”
At the meeting, Munir emphasized cooperation among member countries and called on them to assist Afghan farmers in creating alternative livelihood opportunities so that the phenomenon of narcotics can be completely eradicated from Afghanistan.
Australia on Saturday announced financial sanctions and travel bans on four senior officials of the Islamic Emirate of Afghanistan (IEA), citing what it described as a worsening human rights situation in the country, particularly for women and girls.
Foreign Minister Penny Wong said the targeted officials were involved “in the oppression of women and girls and in undermining good governance or the rule of law.”
Australia had been part of the NATO-led international mission in Afghanistan before withdrawing its troops in August 2021.
Wong said the sanctions target three IEA ministers and the IEA’s chief justice, accusing them of restricting women’s and girls’ access to education, employment, freedom of movement, and participation in public life.
The officials include Mohammad Khalid Hanafi, Minister for the Propagation of Virtue and the Prevention of Vice; Neda Mohammad Nadeem, Minister of Higher Education; Abdul Hakim Sharei, Minister of Justice; and Chief Justice Abdul Hakim Haqqani.
According to Wong, the measures fall under Australia’s new sanctions framework, which allows Canberra to “directly impose its own sanctions and travel bans to increase pressure on the Taliban (IEA), targeting the oppression of the Afghan people.”
Responding to the announcement, Saif-ul-Islam Khaibar, spokesperson for the Ministry for the Propagation of Virtue and the Prevention of Vice, criticized the sanctions.
He claimed that countries imposing such measures “are themselves violators of women’s rights” and called Australia’s move an insult to the religious and cultural values of Afghans.
Khaibar added that the IEA has “stopped rights violations of hundreds of thousands of women over the past four years.”
During Russian President Vladimir Putin’s visit to New Delhi, India and Russia issued a joint statement highlighting their close coordination on Afghanistan. Both sides appreciated the ongoing dialogue between their respective Security Councils and underscored the significance of the Moscow Format meetings in promoting regional stability.
The leaders welcomed counter-terrorism efforts targeting international terrorist groups, including ISIS, ISKP, and their affiliates, expressing confidence in a comprehensive and effective approach to combating terrorism in Afghanistan. They also stressed the urgent need to ensure uninterrupted humanitarian assistance to the Afghan people.
India and Russia have maintained close ties on regional security, particularly concerning developments in Afghanistan following the Islamic Emirate’s return to power in 2021. The Moscow Format, a diplomatic platform including Afghanistan’s neighbors, has played a key role in facilitating dialogue on peace, stability, and counter-terrorism in the region.
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