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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

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China rejects dollar transactions have been halted with Afghan banks

The embassy of People’s Republic of China in Afghanistan on Tuesday rejected reports that the Chinese banks have halted transactions with most Afghan commercial banks. Chen Shijie, Counsellor in Chinese Embassy in Afghanistan said, “The media report which claimed that

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Depreciating Afghani causing price-hike in the market

The increasing prices of essential commodities has become intolerable among the Afghan people. The Lower House of the Parliament summoned Finance Minister Hazrat Omar Zakhilwal, Chief of the Central Bank Noorullah Dilawari and Deputy Commerce and Industry Minister Muzammil Shinwari

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Afghan Central Bank: Deposits safe in closed Iranian bank

Officials in the Afghan Central Bank (Da Afghanistan Bank) on Tuesday announced that the public deposits in the Kabul branch of the Iranian Aryan Bank is secure despite the license of the named bank was cancelled by the Iranian government.

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