Kabul has received 20 cash aid packages: Central Bank

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At least 20 cash-packages of humanitarian aid of nearly $570 million have so far arrived in Afghanistan since the start of the process, Central Bank said on Wednesday.

A spokesman for the Central Bank, Sabir Momand, reported on the cash-aid to the Afghanistan International Bank (AIB).

“These humanitarian assistances had a positive impact on stabilization of the Afghan currency,” said Sabir Momand, a spokesman for the Central Bank.

Economists believe that the import of cash to Afghanistan can prevent the cash crisis in the Afghan market.

“The cash aid of the World Bank to Afghanistan will help with stabilization and cause preservation of the Afghan currency against foreign currencies. It can also help circulation of money in the markets,” said Shakir Yaqobi, an economist.

Some economists believe that the cash aid by the donors must be invested in economic projects.

“If the money is invested in economic and agriculture projects in the current situation, it will be very effective,” said Ahmad Munib, an economist.

As the current Afghan government lacks recognition, donors are providing the humanitarian assistance via the UN agencies. Analysts say that the fueling of aid through UN agencies has undermined the effectiveness of the humanitarian assistance process in the country.

The Afghanistan Central Bank (Da Afghanistan Bank) said that the UN’s $3.13 million cash assistance to Afghanistan over the past three months has increased the value of the Afghani against foreign currencies, especially the dollar.

“Afghanistan Bank welcomes UN humanitarian assistance to Afghanistan and calls for further assistance and cooperation,” said Saber Momand, spokesman of the Central Bank.

Meanwhile, some economists consider this aid to be important in reducing poverty in the country.

“Afghanistan needs more aid to be able to help our infrastructure, such as our production, industry and agriculture,” said Seyar Quraishi, an economist.

“The world financial assistance can help us solve the liquidity problem, improve monetary stability and control the exchange rate,” said Shakir Yaqoubi, another economist.

In the meantime, the Islamic Emirate called on the world to provide more aid to Afghanistan.

“The start of formal interaction, as well as the expansion of various interactions, especially trade and economic interactions, can save Afghanistan from the current economic crisis,” said Inamullah Samangani, deputy spokesman of the Islamic Emirate.

However, after the fall of the previous government, nearly ten billion dollars of Afghan assets were frozen in US banks and international aid to the country was cut off.

 

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