22 February 2017

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Economic

Sunday February 12, 2017

Kabul (BNA) Afghanistan ministry of telecommunication and information and technology (MCIT) announced the other day that it would cut a 20 percent cut in the internet prices, amid the growing complaints from the citizens of both high price and low quality telecommunication networks.
Sayed Ahmad Shah Sadat, Deputy MCIT Minister, told a press conference that the government-run Afghan-Telecom and Salam communication would offer hence after an internet service of up to 20 per cent decrease for the citizens hoping the private companies resort same practice to help citizen the best lowest prices in the internet services across the country.  The discount in prices in Afghanistan would be effective from Wednesday (last week) and the MCIT would monitor the prices of ISPs, he said, adding the discount would be retaken from private companies if they did not reduce the internet prices, according to the deputy minister. According to a report, the ministry has been trying to pave the ground for fourth generation (4G) mobile telecommunication technology, Sadat said adding currently four million people in Afghanistan use internet and efforts were underway to increase the number of users to 15 million in the next four years.
According to him, efforts were ongoing to prevent distribution of illegal SIM cards and a mechanism in this regard was under process.
When asked about collection of taxes from mobile users, he said 5.6 billion afghanis had been collected since September 22, 2016. Work on a new tax collection system is also underway for more transparency in the revenue. Previously Kazakhstan offered per MB of internet to ISPs for $336, Pakistan for $120 and Iran $180, but Kazakhstan recently reduced the rate to $268, Pakistan to $96 and Iran $144 to ISPs, he said. Shahnaz and Ahmad Farid two Kabul citizens strongly complained about the poor services of both communication and internet services.  They said poor network services have exhausted them with when they want to activate an application, they related network fail to complete them, but their moneys are spent. Fraidoon another complainer said the money collected as tax revenues should be used transparently in rising the quality of the networks services. But, Afghanistan Telecommunications Regulatory Authority (ATRA) said the plan was expected to be practiced to encourage the private network companies reduced their rate of services for the costumers including internet to help the country’s telecommunication system take a high position at the regional level.
“Whenever, we brought reduction in the Afghan telecom prices by 20 percent the private companies also brought reduction however by only five 5 percent. We want to bring high reduction in the prices as it would lay positive impact on the telecommunication networks directly, said Najib Azizi who added the optical fiber has now covered all 23 three provinces of the country, hoping the prices could reduce eye-catchingly by the end of this year. He said they had come along with the World Bank to invest more than 100 million USD to help Afghanistan change into the fiber optic center in the region and connect with the Central Asian nations and in the same time with the south Asian countries. The Afghanistan Telecommunication Regulatory Authority (ATRA) said it would never allow anyone to misuse the costumers’ payments and that is committed to rise the quality of the internet. He said in case any companies rise in the prices and offer lowest network services would be fined from two million to 100 million afghanis.
Shukria Kohistani
 

Saturday, February 11, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            66/90 afgs                           
One Pound Sterling                              83/30 afgs                         
One Euro                                              71/10 afgs                        
One Emirate’s Dirham                         18/20 afgs                          
One Thousand Pakistani Rupees          620 afgs                        
One Thousand Indian Rupees               1045 afgs             
One Thousand Iranian Rupees             17/38 afgs                       
 

Thursday February 9, 2017

Kabul (BNA) Following the people complains on obliteration of Afghani banknotes, Da Afghanistan Bank announced that its ready to exchange the old banknotes with new one without additional expenditures.
In a newsletter published by Da Afghanistan Bank and sent to media, it was said that in order to better protect Afghan currency, all banknotes on which paintings have taken place or their appearance has changed, will be exchanged. According to Da Afghanistan Bank, the citizens can report to nearest city branches and replace their obliterated banknotes with above specifications until the end of Hoot month of current solar year. The newsletter added that since the first of Hamal 1396 these obliterated banknotes will absolutely not be valid in Bazaar and it’s upon Afghan nationals to protect our currency. Recently people have complained that due to increasing obliterated banknotes in Bazaar, they face serious problems during transaction. According to people shopkeepers refuse to take these banknotes in one hand and tellers purchase them against low prices. Saifuddin Saihoon a lecturer of economics Kabul University said, “In all countries, banknotes indicated identity of a country, but unfortunately, in Afghanistan number of our people are not acquainted with banknotes protection culture.
The people awareness level should be improve on this issue. Today most of transactions in Afghanistan a take place with old and obliterate banknotes that created serious problems to people.  Appreciating the statement of the central bank, he expressed hope that the bank would manage to collect all the old banknotes as soon as possible. Ahmad Jan a resident of Kabul said, “During shopping, the shopkeepers gave me old banknotes when I wanted to make the last shopping, shopkeepers refused to take old banknotes. Roya a female resident of Kabul said, “Majority of women protect money better and keep it in their special wallets to prevent its obliteration. But shopkeepers and drivers give us old banknotes that are totally invalid. Cashiers saying that people never invite attention for protection of money and banknotes that has caused the Afghan currency to obliterate quickly and devalued. Mohammad Yasin a food supplier said, “People focus no attention in protection of money. People are poor and don’t know how to protect money. Today obliterated currencies are exchanged in all markets among shopkeepers and customers in Kabul and provinces. Da Afghanistan Bank should focus on the quality of new banknotes, as US Dollar never obliterate due to high quality paper.
Shukria Kohistani
 

Wednesday, February 08, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            66/86 afgs                           
One Pound Sterling                              82/88 afgs                         
One Euro                                              71/30 afgs                        
One Emirate’s Dirham                         18/25 afgs                          
One Thousand Pakistani Rupees          615 afgs                        
One Thousand Indian Rupees               1025 afgs             
One Thousand Iranian Rupees             17/35 afgs                       
 

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