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Afghanistan Central Bank sells USD 30mn as Afghani slumps

Da Afghanistan Bank (DAB), Afghanistan’s central bank, has put USD 30mn on sale on Tuesday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to

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DAB and HARAKAT team up to improve access to finance in Afghanistan

Afghanistan’s central bank, Da Afghanistan Bank (DAB) and Harakat- Afghanistan Investment Climate Facility Organization signed an agreement on the implementation of the Shariah Compliant Project. The Shariah Compliant Project is aimed at tackling problems of the Islamic Banking, which is

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A possible banking crisis to arise from Afghanistan’s central bank: SIGAR warns

According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), a corruption watchdog, Afghanistan’s central bank, Da Afghanistan Bank (DAB), lacks the required ability to regulate commercial banks. DAB is responsible for controlling license issuance and

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A possible banking crisis to arise from Afghanistan's central bank: SIGAR warns

According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), a corruption watchdog, Afghanistan’s central bank, Da Afghanistan Bank (DAB), lacks the required ability to regulate commercial banks. DAB is responsible for controlling license issuance and

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New building constructed for Da Afghanistan Bank branch in Takhar province

A branch of Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), in northeastern Takhar province moves to a newly-constructed building equipped with modern facilities to facilitate the bank’s performance. Before, the officials worked from a small rented building that lacked many

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Central Bank has no answer for the declining value of Afghan currency

The US dollar was exchanged at a rate of 55 AFN yesterday once again after years. The declining value of Afghan currency against US dollars is raising concerns among traders. With decreasing of Afghan currency value against US dollar, traders

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Afghanistan Security & Stability Summit

CWI Summits, in partnership with the Afghanistan Chamber of Commerce & Industries (ACCI), are proud to announce its inaugural Afghanistan Security & Stability Summit being held at the Yas Viceroy Abu Dhabi Hotel in January of 2014 as we continue our hugely

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Afghanistan Security & Stability Summit

Important announcement: This Summit never took place and the Countrywide Investment Summit no longer operates. CWI Summits, in partnership with the Afghanistan Chamber of Commerce & Industries (ACCI), are proud to announce its inaugural Afghanistan Security & Stability Summit being

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Afghanistan’s central bank sells US dollars to Afghan money exchangers

Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), sold USD 27,500,000 to Afghan money exchangers on 09 March 2013, reported Sarai Shahzada. The dollar was sold at a rate of between 53.80 and 53.83. Sarai Shahzada is Afghanistan’s largest and historical

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Serious efforts to resolve the issue of the Kabul Bank- IMF

The International Monetary Fund (IMF) said on Monday Afghanistan has achieved progress in structural reforms; however, efforts should be intensified to resolve the Kabul Bank issue. Paul Ross, head of an IMF mission that wound up Kabul talks with Afghan

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