English | دری

Over 193mn Afghani worth of bank notes deteriorating

in Afghan Business

Over 193mn Afghani worth of bank notes deteriorating

Officials from Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), said over 193mn Afghani worth of bank notes are deteriorating before their shelf-life.

Afghani paper money is supposed to have a shelf-life of three years, but a large amount of the bills wear out as quickly as six months.

Careless handling and misusing are cited as the main reasons behind the premature deterioration of Afghani bank notes.

Meantime, some analysts blame the government for failing to educate the general public about how to preserve the bank notes.

Some accused the government of using low quality materials in making the bank notes.

The cost of replacing bank notes is too high for Afghan government as the bank notes are printed outside the country.



Related Articles

Afghanistan, Turkmenistan discuss possible transit-transport corridor

Afghan delegation headed by the Director-General of Economic Cooperation department of the Afghanistan Ministry of Foreign Affairs, Wahidullah Waisi, met

Pakistan's cement exports to Afghanistan plunge

According to All Pakistan Cement Manufacturing Association (APCMA), exports of cement from Pakistan to Afghanistan have fallen year-on-year during the

Lasting Peace Not Possible Without Economic Development

Addressing a gathering in Balkh province, President Ashraf Ghani said the prospect of Afghan peace depends on the country’s economic

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Your e-mail address will not be published.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*

Time limit is exhausted. Please reload the CAPTCHA.