Steps towards nationalization of Foreign Trade in IEA 

Objective: 

1. To ensure that all foreign exchange incomings and outgoings are routed through governmental agencies.
2. To restrict the import of non-essential luxury items into Afghanistan
3. To institute a managed float system for determining the external exchange value of the Afghani

It is essential to realize that the enemy’s main aim in the current circumstances is to separate the people of Afghanistan from the government. The enemy is trying to “open up” the Afghan economy in order to subjugate it to the discipline of imperialist commodity, money and capital markets. Through trade, monetary flows, investment and aid the enemy seeks to bypass the Islamic government and have direct access to the Afghan people.

In order to defeat this initiative the government must develop a foreign exchange management system which ensures that no foreign currency (the dollar, the Pakistani rupee, the Iranian Toman) circulates in the Afghan economy (due to currency smuggling from Pakistan the Afghan economy is already in danger of dollarization and of inflow of Afghanis printed by the Geneva Fund set up by the imperialists in mid-2022). We must also ensure that imports are related to essential economic needs (at present there is a huge balance of trade deficit with imports exceeding $6 billion in 2022) and that the external value of the Afghani is not subjected to speculative pressure from foreign currency markets.

Steps towards nationalization of foreign trade

1. The Ministry of Trade must set up administrative machinery at district level to administer the foreign trade system. This must consist of Taliban workers who administered local districts during the period of the Jihad (2001 to 2021). There must be a “trade office” at all local levels. 
2. All businesses importing and exporting goods and services must be registered at the Ministry of Trade and must seek the ministry’s approval for each foreign trade transaction.
3. Legislation must be exacted to eliminate all unregistered trading with severe punishments for unregistered trade transactions. Unregistered trade should be recognized as legally equivalent to smuggling.
4. A system of import licensing (calibrated at five/six digit SITC tariff line level) should be instituted and imports should be linked to the goods and services essentially needed for economic survival (arms, anti-surveillance technology, fertilizers, machinery for carefully selected manufacturing industries, oil, tractors etc.)
5. Trade (both imports and exports) with “system outcast” countries  (i.e. those subject to American/European sanctions) Iran, Russia, Belarus, North Korea, Cuba and Venezuela must be incentivized and prioritized.
6. Trade with Islamic groups in Pakistan, Bangladesh, Malaysia, Indonesia, Iran, Nigeria must also be encouraged. An international trade and investment conference involving private and public sector firms from Iran, Russia, Belarus, Venezuela and Cuba should be held as soon as possible to which Islamic traders from Pakistan, Malaysia, Bangladesh and India should also be invited. 
7. Legislation should be enacted to prohibit the circulation of all foreign currencies and currencies not printed by the Afghan government from circulating in Afghanistan. Severe punishment should be prescribed for those circulating foreign currency or the currency printed by the Geneva Fund in Afghanistan.
8. An Export-Import Tavmveeli institute (EITI) should be established under the control of DAB. All foreign exchange earnings – from exports, remittances, imperialist aid must be surrendered to EITI which may transfer it to DAB, which may allocate its equivalent in Afghani (at government determined exchanged rate) to exports and other receipts in accordance with the targets of the national currency plan.
9. A portion of foreign exchange holdings of DAB may be re-introduced which then used by EITI for allocation to importers in accordance with the priorities of the national import policy.
10. With the abolition of riba and gharar no money market transactions are permissible, therefore we cannot allow the external value of the Afghani to be determined by global money market pressures. The government/DAB must institute a flexible managed float system whereby the external value of the Afghani is periodically (say on a three month basis) fixed by DAB on the basis of the production and expenditure needs of the Afghan economy. Management of the external value of the Afghani must be integrated into the national currency and credit planning system.
11. EITI may also use Islamic tamveeli instruments for facilitating foreign trade.
12. Currency swap arrangements and barter trade deals may also be used for promoting trade with selected countries but care must be taken to ensure that this does not lead to involvement in riba-based transactions.