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China Demands Release of Afghanistan’s Reserves
The Chinese Foreign Minister said that given the situation of the Afghan people, economic sanctions against the country should be lifted as soon as possible and the monetary reserves of the Central Bank (Da Afghanistan Bank) should be released. Chinese
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Czech Republic Contributes 295 million AFN to Afghanistan
The Ministry of Foreign Affairs of the Czech Republic announced that their government has approved 75 million kronor equivalent to 295 million Afghanis in humanitarian aid to the people of Afghanistan. The Czech Ministry of Foreign Affairs said in a
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Private Companies Can Withdraw Up To $25,000 From Their Bank Accounts A Month
Da Afghanistan Bank (Central Bank of Afghanistan) announced that all private companies in the country can withdraw up to $25,000 or the equivalent in Afghani from their bank accounts once in a month. However, after the fall of Afghanistan to
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Afghan Banks Running Low on Dollar Reserves
The 10-billion-dollar reserves of the Da Afghanistan bank (Central Bank of Afghanistan) frozen by the US Government are not only detrimental to the Afghan economy but also a serious threat to the continued functioning of the banks and the banking
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China Asks Members of Shanghai Cooperation Organization to Help Afghanistan
China has called on members of the Shanghai Cooperation Organization (SCO) to help Afghanistan move smoothly through the transition phase. Chinese President Xi Jinping told the SCO summit that its members should help Afghanistan build an inclusive political structure. Meanwhile,
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$12mn Cash Seized from Previous Government Officials Submitted to Afghanistan’s Central Bank
The Taliban ordered to submit the cash found at the residence of Amrullah Saleh, the first Vice-President of the previous government, and a number of previous high ranking government officials to Da Afghanistan Bank, Afghanistan’s central bank. The total cash
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US Announces Additional $64 MILLION in Humanitarian Assistance for Afghanistan
The United States is providing additional nearly $64 million in humanitarian assistance for the people of Afghanistan. This funding from the U.S. Agency for International Development (USAID) and the U.S. Department of State will flow through independent organizations, such as UN
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UN Appeals for $606 in Aid for Afghanistan
The United Nations (UN) has said that $606 million is needed to tackle the humanitarian crisis exacerbated by drought, poverty, displacements and the sharp increase in hostilities as the Taliban come in power. UN Secretary-General Antonio Guterres said the organization
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China Provides $31mn Worth of Grain, Winter Supplies, & Medicines to Afghanistan
China’s foreign ministry says it plans to provide $31 million worth of grain, winter supplies, vaccines, and medicines to Afghanistan. China’s foreign ministry says it welcomes the creation of a new interim government in Afghanistan by the Taliban. According to
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Kabul’s Major Currency Exchange Center Resumes Activities
Afghanistan Chamber of Commerce and Investment announces the opening of the Sara-e-Shahzada, which is the main currency exchange center in the country. Khanjan Alokozai, deputy head of the Chamber of Commerce and Investment, said the move came after talks between
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Ariana Airlines Resume Their Domestic Flights
Ariana Airlines’ domestic flights resumed today (September 3rd), the Afghanistan Civil Aviation Authority says. A joint statement from the Civil Aviation Authority and Ariana said that the first flight was scheduled for today, Friday, from Kabul to Mazar-e-Sharif at 3
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Imports Through Hairatan Port Resume
The Balkh Chamber of Commerce & Investment says that the commercial port of Hairatan has been open for trade since Friday, August 20th. According to the Taliban’s Civil Complaints and Prevention Commission, the first car carrying commercial goods from Uzbekistan
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Ehtesab App Helps Kabul Residents Avoid Danger
Ehtesab app, developed by an Afghan woman is getting traction in Kabul where thousands of people are trying to escape from the draconian rule of the Taliban. The app provides real-time updates on emergencies and road safeties to users. It’s
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World Bank Halts Financial Support to Afghanistan
World Bank announces that it has halted its financial support to Afghanistan amid concerns over the fate of Afghan women under the Taliban. We are deeply concerned about the situation in Afghanistan and the impact on the country’s development prospects,
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Closure of Banks & Kabul’s Financial Market, Sarai Shahzada, Will Lead to Serious Economic Crisis
Nearly two weeks have passed since the closure of the banks and Sarai Shahzada, Kabul’s larget financial market, but so far there is no news of the reopening of these places. According to economists, this will increase the economic problems
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Trade in Herat Province has Returned to Normal
Local officials in Herat province say that the trade process in the province has returned to normal with the opening of banks, the normalization of exports and imports, and the establishment of facilities in the province’s customs. Speaking at the
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Afghan Ministry of Finance: Salaries of Government Employees To Be Paid As Before
The Ministry of Finance has said that once the Islamic Emirate takes office, staff salaries will be reimbursed as in the past. The ministry said in a statement that banking, finance and customs activities would resume soon. According to the
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IMF Denies Funds to Afghanistan Following Taliban’s Coup
The International Monetary Fund (IMF) blocks Afghanistan from getting $460 million in reserve funds soon after Taliban’s takeover of the country. This came after pressure from the Biden administration to ensure that the reserves called Special Drawing rights or SDRs
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Torkham Reopened to Trade
Local officials have announced the reopening of the Torkham commercial port to exports and imports, saying that in the first instance, hundreds of trucks full of commercial property have entered Afghanistan. “We need peace and stability for neutral trade and
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US Freezes Billions in Afghanistan Assets As Taliban Take Over
According to The Washington Post, the Biden administration froze Afghan government reserves held in US bank accounts on Sunday, blocking the Taliban from accessing billions of dollars. Banks in Afghanistan are currently shut down, and Afghani currency has dropped to
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Daily Customs Revenue Reduced to 105mn Afghanis
The Afghan Ministry of Finance announced that with the Taliban continuing to control the country’s customs, the daily customs revenue has been reduced from 246 million Afghanis to 105 million Afghanis. According to the ministry, customs revenues have dropped dramatically
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50% Increase in Dates Yield in Farah Province
The Ministry of Agriculture, Irrigation, and Livestock (MAIL) announced that dates production in Faraph province have increased by over 50%. These dates were grown in research farm orchards in Farah province. Covering 100 acres, the orchards were planted last year.
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Afghanistan Signs Agreement with UN Convention against Corruption (UNCAC)
Afghanistan Anti-Corruption Commission (ACC) signed an agreement with United Nations Convention against Corruption (UNCAC) following the government’s promise to Transparency International regarding curbing corruption. This comes after UNAMA released its fifth annual anti-corruption report, titled “Afghanistan’s Fight against Corruption: Stepping
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10,000 Tonnes of Essential Goods Enter Afghanistan Daily Through Hairatan-Mazar-e-Sharif Railway
The Afghan Railway Authroity announced that the country’s imports have increased through the Hairatan-Mazar-e-Sharif railway and that about 10,000 tons of goods needed for trade enter the country daily. Mohammad Farhang, a spokesman for the agency, said that the recent
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Afghan Civil Aviation Authority Revenue up by 30%
The Civil Aviation Authority of Afghanistan announced has recorded a revenue of 2.4 billion Afghanis in the first four months of the current solar year, which is the highest level of revenue in the last two years. According to a
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