English | دری

Defaced Afghan banknotes to be removed from market by August

in Afghan Business

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, 2017, the start of the Afghan new fiscal year (1396); however, the process was extended to August 22nd.

The central bank has so far confiscated about 128mn Afghani banknotes till date and continues to raise awareness among people about proper handling of banknotes.

“Our staff is constantly working to promote the culture of protecting banknotes at schools and universities in the capital and other provinces. All citizens are responsible to protect their banknotes and handle them with care,” said central bank spokesperson, Aimal Hashor.

Economic pundits have cited lack of quality paper used for banknotes and poor culture to protect the notes among the public as the main factors behind the worn out banknotes.

Some experts have urged the central bank to raise more awareness among the public regarding protection of banknotes.


Tags assigned to this article:
Afghan banknotesAfghanistan money

Related Articles

Afghan woman listed as one of the most influential people by Time

Though women’s rights in Afghanistan have improved since the fall of the repressive Taliban regime 12 years ago, many Afghans still

No representative for Afghanistan at WTO

A year has gone since its membership, Afghanistan still has no representative at the World Trade Organization (WTO). The Afghan

Over 4000 families in Takhar benefit from welfare projects

With a cost of 31, 957, 526 Afs 18 projects of the National Solidarity Program of the Ministry of Rural

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Your e-mail address will not be published.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*