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Afghan central bank to inject $15m to stabilise currency

Afghanistan’s central bank has injected millions of dollars into the money exchange market over the past two and half years…reports Asian Lite News

Afghanistan’s central bank announced in a statement that it will inject $15 million on Monday into the local market to boost the national currency afghani.

“The bidders including moneychangers and private banks should deposit the necessary money in cash in the form of afghani in the central bank, Da Afghanistan Bank,” the statement added, reports Xinhua news agency.

According to the statement, the bank was requesting all eligible banks, foreign exchanges and monetary service providers to participate in the auction.

The bank also auctioned $15 million last week.

Afghanistan’s central bank has injected millions of dollars into the money exchange market over the past two and half years, aiming at preventing the devaluation of the afghani.

The Afghan caretaker government, since assuming power in August 2021, has taken a series of measures to maintain the stability of the afghani against foreign currencies.

Pak-Afghan talks

Pakistan and Afghan Taliban held important talks during an informal dinner meeting on the sidelines of the Doha process for Afghanistan earlier last week. 

While both sides have officially stated that the talks were “positive in nature”, inside sources revealed that many critical roadblocks still persist.

The meeting between Pakistan’s Special Envoy on Afghanistan, Ambassador Asif Durrani, and Afghan Taliban’s Chief Spokesperson Zabiullah Mujahid was held at the residence of Pakistan’s Ambassador to Qatar.

The all-important UN-backed Doha process meeting was attended by several countries, including India.

During the Pak-Afghan meeting, many crucial and sensitive matters were discussed with both sides putting forward their demands and recommendations on the table.

As per reliable sources, Durrani highlighted the issue of the operational presence of Tehreek-e-Taliban Pakistan (TTP) on Afghanistan soil and told the Afghan Taliban to take action against the outfit.

Pakistan insisted that TTP militants are being trained, funded, facilitated, and supported on Afghan territory and are attempting to penetrate into Pakistan through many pockets of the porous Pak-Afghan border.

“Pakistan also briefed the Afghan Taliban on the scope of ‘Operation Azm-e-Istehkam’, asserting that there would be no talks with the TTP and the operation to take down TTP militants would not be compromised,” said a source on the condition of anonymity.

On the other hand, the Afghan Taliban raised serious concerns over the decision of the Pakistan government to repatriate 1.7 million illegal Afghans without consulting the Afghan Taliban and called for an immediate halt to the ongoing process.

The Afghan Taliban also reiterated its previous recommendations for peace talks between Pakistan and the TTP and expressed its readiness to facilitate them.

“Afghan Taliban’s demands were clearly negated by the Pakistan side,” the source stated.

Pakistan has already conducted air strikes on Afghan territory in the past and claimed to have destroyed TTP training centres operating freely on the Afghan side.

Pakistan Defence Minister Khawaja Asif also recently said that the option of conducting air strikes and military operations in Afghanistan to take down TTP militants remains an option and would be considered only if Afghan Taliban continues to ignore Islamabad’s demands of taking action against TTP on Afghan soil.

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