DAB

The central bank is all poised to auction 20 million US dollars tomorrow (Thursday) to keep the afghani stable.

Acting head of the Da Afghanistan Bank (DAB) Noor Ahmad Agha has sought money changers’ cooperation in the prevention of currency smuggling and hoarding to ensure the stabilisation of Afghani in the market, a statement said on Sunday.

The Da Afghanistan Bank (DAB) says it has sufficient financial resources at its disposal and will meet the needs of money markets and financial institutions for Afghanis and other currencies if necessary, according to a statement on Sunday.

In an effort to stabilise the afghani, Da Afghanistan Bank (DAB) is set to auction $16 million tomorrow (Monday).

The value of Afghani has been well protected in the past year against foreign currencies while restrictions on customers’ deposits in commercial banks have been reduced, an official said on Thursday.

In a bid to keep the afghani stable, the central bank is all poised to auction $15 million on Wednesday (tomorrow).

KABUL (Pajhwok): Da Afghanistan Bank (DAB) chief met UN Secretary-General’s representative for Afghanistan and said the central bank was committed to expanding financial services in

KABUL (Pajhwok): A delegation, headed Da Afghanistan Bank (DAB) president, has attended the 22nd annual meeting of the Islamic Financial Services Board (IFSB) Djibouti. IFSB

To prevent illegal financial transactions, Da Afghanistan Bank (DAB) or central bank has introduced a new policy, but money changers want the policy to be reviewed and analysts consider it necessary to legalize the money markets.

International sanctions on Afghanistan’s banking sector has negatively affected common people the most by declining their purchasing power and overall financial stability of the country, an official said on Sunday.

Da Afghanistan Bank (DAB) said on Monday worn-out banknotes worth 5.2 billion afs were torched last year.

KABUL (Pajhwok): Da Afghanistan Bank (DAB) or central bank has auctioned $594 million so far this year to keep the afghani stable against foreign currencies.