Business

Money Changers Seek Ways to Exchange Old U.S. Currencies

Published

7 years ago

January 16, 2017

(Last Updated On: October 24, 2022)

Money exchangers Union at Sarai Shahzada are seeking ways to exchang more than $ 100 million collected from the customers in Central Bank of Afghanistan, demanding the officials in the following Bank to resolve the issue.

Money exchangers Union Spokesman Zeerak said, “We have collected more than $100 million old currency from the costumers, demanding the officials in Central Bank of Afghanistan either exchange it or give us permission to sell the amount into other country’s markets.”

They have stated that officials at Central Bank of Afghanistan told them that the USA banks do not receive the old currency.

Member of the Money exchangers Union Amin Jan Khostia said, “We went to Central Bank of Afghanistan to share our problem, we were told that huge part of the Afghanistan Central Bank backup currency is organized by the old U.S. dollar currency.”

Economy experts have accused the poor leaderships in Afghanistan Central Bank.

“The current issue about Old U.S. currency is coming from the poor management of the Central Bank of Afghanistan, this type of issue isn’t common in other countries in the world.” Economy expert Sayed Qeias Saiedi said.

Efforts made to have the views of the officials in Central Bank of Afghanistan but none responded to our inquiry.

Business

Azizi meets with head of Tatarstan on sidelines of Kazan Forum

Published

14 hours ago

May 16, 2024

Ariana News

(Last Updated On: May 16, 2024)

The Ministry of Commerce and Industry said Thursday acting minister Nooruddin Azizi met with the leader of Russia’s autonomous republic of Tatarstan, Rustam Nurgaliyevich Minnikhanov, on the sidelines of a meeting in Kazan.

According to the ministry, Azizi met with Minnikhanov on the sidelines of the Kazan Forum – the 15th International Economic Forum of Russia and the Islamic World.

The two officials discussed bilateral trade relations, the establishment of the Russian Trade House in Afghanistan, the visit of Minnikhanov to Kabul, investment in electricity production, water transfer, mining, cultural and economic cooperation and other matters.

This annual meeting is held by Russia and the 14th round of this meeting was also held in the same country last year.

The main goal of the forum is to strengthen trade and economic, scientific and technical, social and cultural ties between Russian regions and the countries of Organisation of Islamic Cooperation (OIC), as well as to promote the development of the Islamic financial system institutions in Russia.

Business

Afghanistan’s imports and exports totaled $10.3 billion last year

Published

2 days ago

May 15, 2024

Ariana News

(Last Updated On: May 15, 2024)

The National Statistics and Information Authority (NSIA) said on Wednesday that last year, the value of exports totaled $1.79 billion while imports totaled $8.57 billion.

According to NSIA, fruits accounted for the largest share of export items last year, totaling over $645 million.

Medicinal plants, minerals and vegetables were the next top three items respectively to be exported.

Meanwhile, petroleum and oil accounted for the largest portion of imported goods, totaling over $1.37 billion.

Another large portion of the total amount imported went to machinery, vehicles and parts. This totaled over $1.15 billion, followed by textiles, metals and metal products.

Business

Acting commerce minister heads to Russia to attend Kazan Forum

Published

2 days ago

May 14, 2024

Ariana News

(Last Updated On: May 14, 2024)

Nooruddin Azizi, Acting Minister of Industry and Commerce, headed to Russia to participate in an international economic meeting in Kazan, Tatarstan.

The aim of the Russia-Islamic World: KazanForum 2024, the 15th edition of the forum, is to offer a platform for leading international economic and financial specialists from the Islamic world to strengthen ties between the countries of the Organization of Islamic Cooperation (OIC) and the regions of the Russian Federation in the economic, educational, social and cultural spheres, Anadolu Agency reported.

The Ministry of Industry and Commerce said that Azizi, leading a high-level delegation of the Islamic Emriate, traveled to Tatarstan at the invitation of Tatarstan President Rustam Minnikhanov.

The forum is held between May 14 and 19.

The forum also aims to promote the development of Islamic financial institutions in Russia and worldwide, with a focus on joint international projects and programs, according to Anadolu Agency.

More than 80 nations are expected to participate in the event, including representatives of the United Arab Emirates, Bahrain, Malaysia, Türkiye, Iran, Libya, and other OIC member states.