by Wadsam | June 9, 2012 3:14 pm
President Hamid Karzai introduced two new members including a woman to the Leadership Council of Da Afghanistan Bank, Afghanistan’s Central Bank.
The two new members, Nargis Nehan and Mohammad Usmani, were officially introduced today to the Central Bank staff by Mr. Noorullah Delawari, head of the Central Bank.
Da Afghanistan Bank plays is the highest authority in the economic sector and is in charge of the investment management and economic policy of the country. Printing money, maintaining currency, and supervising private (non-governmental banks) are some of the main functions of the Central Bank.
Nargis Nehan is the first Afghan woman to acquire membership in the Leadership Council of the Bank with the President’s consent.
Da Afghanistan Bank was established 60 years ago from today (1331) in the government of that time period.
Ms. Nehan appreciated her selection in the Council and said that she will give all her efforts that would be helpful for the Council and would prove herself worthy of this position.
The Leadership Council consists of 7 members whose membership acceptance is approved by the President. It includes the Head, the Deputy, and 5 others in the economic, judicial and administration sectors of the Bank.
Mr. Delawari confirmed that the two members are not part of any political party and have served different positions in the governmental organs before.
The Council is working towards appreciating the value of Afghan currency (Afghani) against foreign currencies and maintaining its value.
He added that with the distribution of newly printed bank notes, the value of Afghani has gone up.
Mr. Delawari expressed his gratitude to the world community for their commitment towards financial support to Afghanistan post-2014 and said that the value of Afghanis is monitored daily to maintain its value to the extent the economy of the country can.
In the Chicago Summit, the world community agreed to provide USD 4.1 billion worth of aid for the economic and military support of Afghanistan.
According to Mr. Delawari, the Department of Receivables (or Clearance) under the leadership of the Bank has managed to collect back parts of the loans taken from Kabul Bank.
“Of the 835 million loans, more than 500 million including 120 million in cash, 154 million in property and 240 million other loans are paid back,” said Mr. Delawari.
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