28 September 2020

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Economic

Tuesday, November 04, 2014
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                                        Selling
One Dollar                          57/55afgs                               57/60afgs
One Pound sterling             91afgs                                    91/10afgs
One Euro                            72afgs                                     71/10afgs
One Emirate’s Dirham       15/60afgs                                 15/65 afgs
One Thousand Pakistani Rupees 558 afgs                           559 afgs
One Thousand Indian Rupees 950 afgs                               960 afgs
One Thousand Iranian Rial 17/60afgs                           17/65 afgs

Tuesday November 4, 2014
Kabul (BNA) The construction of Silk Route and direct connection of Afghanistan to China, Central Asia, South and South East Asia was at the top of president Ashraf Ghani negotiations with Chinese traders and leaders of economic branches.
This 300km road which will connect Afghanistan to China will cost $14 million per kilometer. But taking into account this huge expenditure, whether the silk route would be constructed and would Afghanistan rival let it to be changed as Asia-Europe connecting point and how Afghanistan would manage to keep balance of its exports-imports? In 2001 with the initiative of Turkish president Mr. Erdogan who is a friend of Afghanistan, an interesting draft was set up for Afghanistan for creation of conditions of regional and international cooperation. How we could use Afghanistan as a connecting point in fact transition of values from this part of Asia to other countries and how we can fight current restrictions and challenges. The construction of this highway is one of the urgent needs and China and regional countries are on the other side of the equation.
This project is not only related to Afghanistan but the people of regional countries have direct role in these interests. Geography of Afghanistan paves the way from different courses for supply of goods and products to across the globe in cheaper costs and high quality commodities. Afghanistan geography is a gift and value today. If we manage to secure his territory it requires cooperation of regional countries and friends of Afghanistan like the People’s Republic of China and others. It would be considered vital by regional countries who think to prosperity and welfare of their nations. No doubt all parts of Afghanistan are full of challenges due to being a mountainous country. The PRC due to its highest economic potential and capacity could play very serious and positive role in this country and it’s not difficult or impossible to the economic superpower with ten percent annual growth to invest on these available capacities and opportunities.
China can use cheaper transit routes for development of its exports and effectively compete with others. Construction of railway in Afghanistan is also another vital discussion which could connect north to west and South finally to Chahbahar port of Iran. If we manage to arrange law on mines, in 10 to 20 years Afghanistan could be changed to an important exporter of copper, Iran, marble and precious stones. Afghanistan is rich with natural virgin resources which could use them for over several hundred years to meet domestic needs and rebuilding of its infrastructures to support economic growth and its natural development and ordinary budget. Afghanistan may export saffron, marble and cement to China and create a balance of exports and imports.
As today the outlook of regional and global policy has changed and old policies may not be implemented. But still there are countries who seek their interests with their old ideas in hostility and crisis with others. For certain, we see a firm determination in believe of Afghan president. He sent a frank message to neighboring countries during the 4th foreign ministers meeting of “Heart of Asia” that they must not follow such policies which are not in the benefit of their countries. We hope some countries would revise their policies. They can follow China as a strong global power with independent and sincere foreign policy.

Tuesday, November 04, 2014
Kabul (BNA) Minister of Economy Abdul Hadi Arghandiwal on Sunday urged Indian entrepreneurs to invest in different sectors of Afghanistan’s economy, especially in the area of mining.
This was stated during inaugurating a three-day exhibition of Afghan and Indian products at Intercontinental hotel Kabul. Indian traders have set 26 stalls and Afghans 17.
Indian businessmen have displayed medical equipment, irrigation machinery, agricultural appliances, plastic, information technology, steel and stone products. Afghans carpets, dried fruits, handicrafts, solar power systems, building materials and information technology tools are also on show.
Speaking on the occasion, Arghandiwal asked the Indians to make use of the huge investment opportunities in the country, particularly in the mining sector. On their own, the Afghans could not exploit their mineral wealth. The Afghan government would offer good investment opportunities for the Indians, the minister promised, saying: “If work on developing the mining sector continues over the next 10 years, the country will become self-sufficient.” India’s Deputy Ambassador Veeraj Sena said businessmen from his country are ready to invest in Afghanistan and forge cooperative links with their Afghan counterparts.

Sunday, November 02, 2014
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                                        Selling
One Dollar                          57/60afgs                              57/65afgs
One Pound sterling             91afgs                                    91/05afgs
One Euro                            71/95afgs                                72afgs
One Emirate’s Dirham       15/55afgs                                 15/60 afgs
One Thousand Pakistani Rupees 559 afgs                           560 afgs
One Thousand Indian Rupees 940 afgs                               945 afgs
One Thousand Iranian Rail 17/65afgs                           17/70 afgs