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Defaced Afghan banknotes to be removed from market by August

Da Afghanistan Bank (DAB), Afghanistan’s central bank, announced Tuesday that defaced and torn banknotes would be confiscated and would no longer be exchangeable after two months. The deadline for the exchange of old, torn banknotes  was initially on March 22,

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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

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Afghanistan to build a modern print factory to print own money

Afghanistan is going to establish a modern Sukuk printing  company, which enable it to print its own money, in a joint investment with Germany. The company will be built in Jangalak industrial township in southwestern Kabul. Afghanistan and Germany will

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Collecting old banknotes in 1 month is impossible: Afghan moneychangers

The Afghanistan central bank, Da Afghanistan Bank (DAB), announced last week that shabby banknotes would no longer be valid start of the coming solar year 1396 and called for collecting them from the market in one month. However, moneychangers believe

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Afghanistan Central Bank calls for proper maintenance of bank notes

Afghanistan’s central bank, Da Afghanistan Bank, announced on Monday that shabby banknotes will no longer be valid start of the coming solar year 1396. According to the officials, this measure is as per Article 39 of Da Afghanistan Bank and

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German Commerce Bank to close dollar accounts with Afghanistan

Facilitating Afghanistan’s banking transactions in the last 11 years, German Commerce Bank has decided to close down all its internal dollar accounts with Afghanistan. One of the reasons cited for this decision is the lack of programs preventing money laundering

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DAB sells USD 31mn to Afghan money exchangers

The Central Bank of Afghanistan, Da Afghanistan Bank, sold a total of USD 31mn to Afghan money exchangers at Sarai Shahzada at an exchange rate of 54.22 to 54.55. Sarai Shahzada is Afghanistan’s largest and historical financial and trading market.

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