Although the country’s financial system is still under sanctions, major developments have happened for the country’s economic growth in this solar year – 1402.
This year, the Islamic Emirate was able to complete some large projects using domestic revenues.
The completion of the first phase of the Qosh Tepa canal and the reconstruction of a part of the Salang Highway are among the most important projects that have been completed this year.
Attracting $6.5 billion investment in the seven large mines of the country, expanding trade relations with neighboring countries, maintaining the value of the Afghan currency against foreign currencies, preventing the smuggling of dollars out of the country, and also preventing the use of foreign currencies in daily transactions are among the other achievements of the Islamic Emirate.
The spokesman of the Islamic Emirate says that 1402 is considered to be a successful year from an economic point of view.
In 1402, Afghanistan’s exports to other countries increased. According to the Deputy Prime Minister’s Office, exports last year totaled $1.71 billion. Afghanistan’s commercial goods have been exported to Iran, Pakistan, India, Tajikistan, Uzbekistan, United Arab Emirates, Saudi Arabia, China, Kazakhstan and the United States.
In 1402, a number of foreign investors visited Afghanistan and expressed a desire to invest in the country.
In the year, the value of the Afghan currency rose against foreign currencies, the central bank banned the use of foreign currencies in daily transactions and stopped dollars from being smuggled out of Afghanistan.
Moreover, Afghanistan had 21% of imports from Iran, 18% of imports from China, 18% of imports from Pakistan, and 14% of imports from the United Arab Emirates.
According to international organizations, despite the fact that Afghanistan is plagued by poverty, the Afghan economy is strengthening and the Islamic Emirate wants to single-handedly pull Afghanistan out of its economic crisis.