Business
West says Afghanistan to get new bank notes, maps out Afghan Fund
Thomas West, US Special Representative for Afghanistan, said Friday that new printed bank notes would soon enter the market in the country, replacing AFN notes that are disintegrating.
Addressing a virtual townhall organized by a US-based Afghan diaspora group, Afghans for a Better Tomorrow, West said: “We all know the banking sector in Afghanistan is cut off from the international financial system, by and large, with the exception of one private bank.
“But there are some transactions that the ministry of finance technocrats and the central bank technocrats want to responsibly move forward with and are unable to do so unless the United States and a number of other countries in a corresponding banking chain really lean in and help to conclude.
“So I am very pleased to say that in the past 24 hours we have finally seen the conclusion of two currency transactions.
“This will mean that new printed Afghani will replace bank notes that … are virtually disintegrating in the system,” he said.
He said he did not know when exactly the new bank notes would “show up in Afghanistan” but added the US would continue to support “priority transactions”.
Discussing the new Afghan Fund, which relates to the transfer of at least $3.5 billion of Afghanistan’s frozen foreign reserves, West said the first board of trustees meeting is likely to take place next month in Switzerland.
He said the basic governance structure is now in place but that this “will evolve”. He noted that four trustees would be the ones making big decisions on the disbursement of funds.
Both the US and the Swiss government will have a representative and the other two trustees are former finance minister Dr Anwar ul-Haq Ahadi and US college professor Dr Shah Mirabi – both of whom live in the United States.
West said Mirabi has served in an advisory capacity to Da Afghanistan Bank (DAB) over the past 20 years, while Ahadi had also held the position of central bank governor and was a former commerce minister.
“These are two people we feel are exceedingly well qualified to help make responsible decisions about very limited disbursements of this money to enhance macroeconomic stability in Afghanistan,” West said.
However, there will be an additional advisory body, also made up of Afghans, who will be able to initiate their own ideas about how this money should be protected, preserved, and spent “in limited quantities”, he said.
West went on to say the majority of the $3.5 billion will remain “untouched”.
“It will be preserved for a future recapitalization of the Central Bank and of the financial system in Afghanistan.”
Business
Afghanistan-Kazakhstan banking ties discussed in Kabul meeting
Business
Afghanistan, Kazakhstan envoys discuss expanding trade and regional connectivity
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
Afghanistan’s Ambassador to Pakistan, Sardar Ahmad Shakeeb, has met with Kazakhstan’s Ambassador to Pakistan, Yerzhan Kistafin, to explore ways to strengthen bilateral relations and advance regional cooperation.
The two envoys exchanged views on Afghanistan–Kazakhstan ties, regional connectivity, and major infrastructure initiatives, as well as the opportunities and challenges facing regional trade. Discussions also touched on Kazakhstan’s role in promoting regional stability and other matters of mutual interest.
Ambassador Shakeeb thanked Kazakhstan for its continued support and constructive engagement with Afghanistan, particularly in efforts aimed at peace and economic development.
He expressed hope that the proposed $3 billion joint trade agreement, once finalized, would bring tangible benefits to both countries and contribute to broader regional economic integration.
Ambassador Kistafin reaffirmed Kazakhstan’s support for stability and economic growth in Afghanistan, highlighting his country’s involvement in key regional connectivity and trade projects.
He said the current security and stability situation in Afghanistan has increased Kazakhstan’s confidence in expanding regional trade and transit, and praised the efforts of the Islamic Emirate in this regard.
He also stressed the need for coordinated regional efforts to ensure lasting stability, sustainable economic development, and the smooth movement of goods and transit across the region.
Business
Mahirood Customs leads Iran’s exports to Afghanistan
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Mahirood Customs in South Khorasan province has become Iran’s main export gateway to Afghanistan, accounting for 36 percent of the country’s total exports to its eastern neighbor, Iranian officials said.
South Khorasan Governor Seyed Mohammadreza Hashemi told local media that Mahirood ranked first among Iran’s 71 active customs points during the first eight months of the current Iranian year.
More than 1.5 million tonnes of goods were exported to Afghanistan through the border crossing during this period.
Official customs figures show that Iran’s total exports to Afghanistan exceeded 4.26 million tonnes in the first eight months of the year, with Mahirood handling the largest share, Hashemi said.
He attributed the strong performance to South Khorasan’s strategic location, improved border infrastructure, effective planning, close cooperation with traders, and coordinated efforts by government agencies.
Hashemi said the expansion of exports via Mahirood Customs is contributing to economic growth, job creation, and stronger economic diplomacy for the province.
He added that continued support for exporters and streamlined customs procedures could further increase South Khorasan’s share of the Afghan market and other target markets in the future.
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