All posts tagged "Dollar"

Afghani strengthens by 4.4% against US dollar: central bank

Officials of Afghanistan’s central bank said Wednesday the afghani (AFN) has in the past year strengthened by 4.4 percent against the US dollar. This comes after...

Tahawol: New rule for taking cash out of Afghanistan discussed

IEA tightens currency controls after dollar smuggling report

The Islamic Emirate of Afghanistan (IEA) imposed fresh restrictions on people carrying foreign currency out of Afghanistan, in a rare directive from the prime minister’s office....

Traders expect Pakistan’s Rupee to lose ground in coming week

Traders expect the Pakistani rupee to weaken further in the coming week owing to a sharp decline in foreign exchange reserves brought on by fresh repayments...

20th package of cash aid arrives in Kabul

The country’s Central Bank – Da Afghanistan Bank (DAB) – said on Tuesday that another shipment of $32 million in cash has arrived in Kabul. “This...

Afghani rebounds, stablizes at 94 AFN to the US dollar

The Afghani (AFN) has rebounded in recent weeks to a stronger 94 AFN to the US dollar, after its recent plunge which at one stage saw...

Intel plans $20 bln chip manufacturing site in Ohio – sources

Intel Corp on Friday is set to announce it will invest $20 billion in a massive new manufacturing site near Columbus, Ohio to develop and manufacture...

IEA clamps down on the amount of cash, gold taken out of the country

The Prime Minister of the Islamic Emirate of Afghanistan (IEA), Mullah Mohammad Hassan Akhund, has issued a decree restricting the amount of money travellers can take...

Afghan economy gets $32 million cash boost in aid funding

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), took delivery on Monday of $32 million of funds in aid and transferred it immediately to Afghanistan International Bank...

Price of naan bread in Afghanistan doubles

Afghanistan’s Chamber of Craftsmen and Shopkeepers said Tuesday that the price of an average naan bread weighing 200 grams has doubled, from 10 Afghanis (AFN) to...

IEA directs commission to take urgent steps to stabilize Afghan currency

The Islamic Emirate of Afghanistan (IEA) on Monday held a minister’s council meeting at the Presidential Palace to find ways to stabilize the weakening Afghan currency....

Donors still to decide on shifting frozen funds for Afghanistan

Donors to the World Bank-administered Afghanistan Reconstruction Trust Fund (ARTF) have agreed to decide about a transfer of funds to humanitarian aid agencies by December 10,...

UN sets up trust fund for ‘people’s economy’ in Afghanistan

The United Nations said on Thursday it had set up a special trust fund to provide urgently-needed cash directly to Afghans through a system that would...

Afghan central bank drained dollar stockpile before Kabul fell

The Afghan central bank ran down most of its U.S. dollar cash reserves in the weeks before the Taliban took control of the country, according to...

MDHI secures $43.9m in contracts to support Afghan Air Force

American MD Helicopters, Inc. (MDHI) has confirmed it has been awarded two separate contracts worth $43.9 million from Army Contracting Command-Redstone supporting the Afghan Air Force’s...