16 July 2020

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Economic

Sunday, July 13, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                  Selling
One Dollar                          57/50afgs                57/60afgs
One Pound sterling             92afgs                     92/10afgs
One Euro                            78 afgs                   78/10afgs
One Emirate’s Dirham       15/60 afgs                 15/65 afgs
One Thousand Indian Rupees 960 afgs                970 afgs
One Thousand Pakistani Rupees 582afgs           583afgs
One Thousand Iranian Rupees 18/30afgs            18/40afgs

Saturday, July 12, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                 Selling
One Dollar                          57/80afgs               57/85afgs
One Pound sterling             97/30afgs               97/35afgs
One Euro                            78/10 afgs             78/20afgs
One Emirate’s Dirham       15/65 afgs               15/70 afgs
One Thousand Indian Rupees 945 afgs             950 afgs
One Thousand Pakistani Rupees 582afgs         583afgs
One Thousand Iranian Rupees 18/40afgs          18/45afgs

Saturday July 12, 2014
Kabul (BNA) Almost a decade has been passed since the age of new Afghanistan, apparently, our country’s economic growth still seems to be fragile and has no equivalence with the needs of people and economic capabilities with the consideration of major international concentration. However, it is said that Afghanistan’s capital incomes grew well in recent years, but international institutions say that the country still constitutes world’s fifth impoverished country and stress that the prospect of Afghanistan’s economic growth rate and development are distressing and announce it sans clear overlook. Afghanistan according to UN human development index is now existed in 172 grades while previously it was on 187. Nearly 40 percent of the population is jobless and another 60 percent live below or near the poverty lines. It is interesting that both the government of Afghanistan and international community have kept nonstrategic and marginal look on Afghanistan’s economic growth.
Afghanistan still forms one of the countries in the world which is dependent on foreign financial aids and a visible percentage of national budgets are completed through foreign sources. There is the possibility that simultaneously following the withdrawal of international forces and foreign aids reduction: the issue will further increase in the country. In the Tokyo Summit, international community pledged an amount of $16 billion to Afghanistan after 2014 for years and the money will be allocated on various spheres such as security, development, training and learning, health which are amongst the basic needs of the country. International aids are the fundamental elements of economic and political stability of Afghanistan in wake of ongoing problems and the aids could prevent economic and political collapse in the country. But, the management of international aids is quite important issue, if the international community and government of Afghanistan failed to pursue successful management of the aids, crisis.
Political and economic instability are confirmed. The right management of international aids is among the topic economic priority of the government and world community. Good governance, political stability, development and security have direct relation with the government capability regarding incomes and investments on these spheres. If we had pursued right management system of our economy during the recent years and we had focused on the economy as main priority, undoubtedly, Afghanistan could gain visible development in terms of economy, because, the opportunities for economic growth were much better and proper. Billions of dollars financial supports and interests of regional and ultra-regional countries for investments in Afghanistan could move the country toward an economic hub. But effective steps weren’t taken in infrastructural sector. A number of economic commentators believe that the next president can change this situation by undertaking comprehensive economic programs.
Based on the statement of Chambers of Commerce and Industries, 80% of national budget is funded by donors. On the other hand, it was expected that in the first five months of the year, 49 million Afghani are collected from domestic resources, but so far we have only collected 41 million and still we are 8 million behind which has caused tens of development projects to stop working and thousands people have lost jobs. Corruption, lack of transparent mechanism for revenue collections and incomes, taxes and no utilization of economic capabilities have been the important factors which have undermined the government incomes. Now it seems that investments on mines sector can increase the government incomes. Undertaking a transparent and broader tax mechanism, recruitment of special tax collection team, introducing easy tax laws, prevention of corruption at customs, legalizing non-official economy, investment attractions from private sector, transparent overseeing of private sector activities and implementation of law on those escape from taxes are among the important factors that could increase tax collections and save Afghanistan’s economy from collapse.

Wednesday, July 09, 2014
Kabul (BNA) Based on Najibullah Akhtari’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                            Buying                   Selling
One Dollar                          57/80afgs                 57/85afgs
One Pound sterling             97/60afgs                 97/70afgs
One Euro                            78/40 afgs               78/50afgs
One Emirate’s Dirham       15/65 afgs                 15/70 afgs
One Thousand Indian Rupees 965 afgs               980 afgs
One Thousand Pakistani Rupees 579afgs           580afgs
One Thousand Iranian Rupees 18/50afgs            18/60afgs