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Afghanistan receives $1.5b humanitarian aid in one year

Afghanistan receives $1.5b humanitarian aid in one year

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12 Nov 2022 - 19:13
Afghanistan receives $1.5b humanitarian aid in one year
author avatar
12 Nov 2022 - 19:13

KABUL (Pajhwok): Afghanistan received over $1.5 billion in humanitarian aid from the international community during the past 12 months, Pajhwok Afghan News has learnt reliably.

Da Afghanistan Bank (DAB) says the US, European countries and some other nations provided the aid while economic affairs experts say the inflow of foreign humanitarian assistance has a positive impact on the lives of common people in Afghanistan.

Afghanistan plunged into deep humanitarian and economic crisis after the fall of the past government in August, 2021.

After the regime change, the US imposed sanctions on the acting Afghan government and froze Afghanistan’s over $9 billion reserves that triggered economic crises in the war-torn country but later the international community started giving humanitarian support to Afghanistan.

On December 1, 2021, DAB announced the arrival of $16 million humanitarian cash aid to Kabul and said the money was handed over to a private bank and it was the start of the periodical arrival of humanitarian cash aid to the country.

Information regarding cash humanitarian aid has been published on the DAB’s website.

It shows that last year on December 1, the first package — $16 million — arrived in Kabul and on the December 6 the second package —$16 million — reached Kabul.

The humanitarian aid continued to arrive, with $19.2 million arriving on December 21, 2021 and $19.2 million on December 25, 2021.

From January 10, 2022 till July 11, 2022, 25 packages of humanitarian aid landed in Kabul. Each package included $32 million.

From then onward till November 12, 16 packages arrived in the country with each package containing $40 million.

Economic Affairs Expert Qais Mohammadi said foreign humanitarian cash aid had a positive impact on the lives of the people of Afghanistan.

“This is not important from where the amount comes, the important thing is its positive impact on the economy of Afghanistan. When the amount goes to the DAB, it has a positive impact on the value of Afghan currency and the fact that the afghani maintained its value was due to the arrival of this aid,” he said.

According to Mohammadi, the economic benefit of this money will pass on to the people of Afghanistan when it is circulated.

He said humanitarian cash support helped control prices in Afghanistan and it was this amount that maintained the value of afghani as well.

According to reports last year, one US dollar was accounted for 79.70 afs but after regime change in December one US dollar was accounted for 130 afs. Currently, one US dollar is accounted for 88.64 afs.

Mohammadi linked the inflow of humanitarian cash aid with improved relationship between the US and the IEA. The cash aid arrives once or twice a month.

On October 9, CNN reported that after three months of break, US and IEA officials held a meeting in Qatar.

Nh/ma

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