English | دری

MPs question central bank’s process of collecting and burning old bank notes

in Afghan Business

MPs question central bank’s process of collecting and burning old bank notes

A number of parliamentarians have voiced their concerns about the collection and burning of old bank notes by the central bank.

The Central Bank of Afghanistan, Da Afghanistan Bank (DAB), on Monday said that they have burnt 41bn Afghanis worth of worn-out bank notes in the past 11 years.

The Bank’s spokesperson Emal Hashor called on citizens to take good care of the bank notes and added that it costs about 3 Afghanis to print every bank note.

Some parliamentarians slammed the process of collecting and burning old bank notes as “unclear and corrupt” and alleged that under the new process some of the old bank notes find their way back to the market.

 Meanwhile, some money exchangers have confirmed that a large amount of bank notes, particularly the 5 up to 100 Afghani bank notes are very old.

Last month, the central bank announced that worn-out bank notes would no longer be valid start of the new solar year 1396.

According to the officials, this measure is as per Article 39 of Da Afghanistan Bank and it helps to prevent  wearing out of further banknotes in the market.

The following features seen in a banknote will make it invalid:

Presence of a sticky material on the banknote

Any writing or drawing on the banknote

Any stamp on the banknote

Poorly folded, wrinkled banknote



Related Articles

India earmarks USD 100mn for upgrading Chabahar port

India has allocated USD 100mn for upgrading the Chabahar port, which is located 72km (44 miles) west of Pakistan’s Gwadar

Improved pistachio seeds cultivated in Samangan province

The Afghan Ministry of Agriculture, Irrigation and Livestock (MAIL) distributed improved pistachio seeds worth USD 460,000 among farmers in northern

USAID contributes $19mn to WFP to boost food assistance and humanitarian air transport

In the first half of 2016, the US Agency for International Development (USAID) has contributed USD 19 million to the

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.