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Afghanistan to establish a stock exchange market

in Afghan Business

Afghanistan to establish a stock exchange market

The Afghanistan central bank, Da Bank of Afghanistan (DAB), plans to create the first ever stock exchange market in Afghanistan.

Head of DAB Noorullah Delawari said the plan is proposed to the president and hoped to gain his approval.

Mr. Delawari regarded a stock exchange market as a necessary step to avoid monetary inflation.

He further added it would facilitate investment by purchasing shares.

“Like other countries, one can invest in a company by purchasing its share,” said Mr. Delawari.

With the foreign troops preparing to leave the country and security uncertainties rising, would it be a good idea to establish a stock exchange in Afghanistan?… And not to forget the endemic corruption crippling the economic development in the country.

Last year in November, Ahmad Bassam and his partner Sanzar Kakar expressed their hopes in having a viable bourse operating in Afghanistan by 2014.

The two have had years of experience in the US with Morgan Stanley and Merrill Lynch.

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