Tag "Afghanistan Central BAnk"
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Afghan central bank invests $50mn in US stock market
The Central Bank of Afghanistan, also called Da Afghanistan Bank, has invested over USD 50mn in nine securities in the US stock market. This is the first time that the country has invested in stock market and it has so
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MPs question central bank’s process of collecting and burning old bank notes
A number of parliamentarians have voiced their concerns about the collection and burning of old bank notes by the central bank. The Central Bank of Afghanistan, Da Afghanistan Bank (DAB), on Monday said that they have burnt 41bn Afghanis worth
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Collecting old banknotes in 1 month is impossible: Afghan moneychangers
The Afghanistan central bank, Da Afghanistan Bank (DAB), announced last week that shabby banknotes would no longer be valid start of the coming solar year 1396 and called for collecting them from the market in one month. However, moneychangers believe
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Afghanistan Central Bank calls for proper maintenance of bank notes
Afghanistan’s central bank, Da Afghanistan Bank, announced on Monday that shabby banknotes will no longer be valid start of the coming solar year 1396. According to the officials, this measure is as per Article 39 of Da Afghanistan Bank and
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Afghan Central Bank sells USD 12mn in the market
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has announced to sell USD 12mn in the market on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with
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Afghan Central Bank sells USD 12mn
The Afghan Central Bank, Da Afghanistan Bank (DAB), has announced to sell USD 12mn on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank
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Afghan central bank sells USD 25mn
Da Afghanistan Bank (DAB), Afghanistan’s central bank, has announced to put on sale USD 25mn on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the
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Afghanistan Central Bank sells USD 30mn as Afghani slumps
Da Afghanistan Bank (DAB), Afghanistan’s central bank, has put USD 30mn on sale on Tuesday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to
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Afghan government continues to pump US dollar into market
Da Afghanistan Bank, Afghanistan’s central bank, plans to continue injecting US dollar into the market in a bid to control the rising value of US dollar against Afghani. “As per our new policy, we plan to sell US dollar three
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Afghan Central Bank puts on sale USD 25mn
Afghanistan’s central bank, Da Afghanistan Bank (DAB), put USD 25mn on sale on Tuesday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee with the Bank to participate
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Afghanistan Central Bank extends credit system to rural areas
Da Afghanistan Bank (DAB), Afghanistan’s Central Bank, has extended banks loans issuance to medium and small entrepreneurs in rural areas. An agreement to that effect was signed between DAB and thirteen non-governmental organizations in Kabul. Addressing the press conference, DAB
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Afghanistan’s Central Bank to sell USD 40mn
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has announced to sell USD 40mn on Saturday, 29 August 2015. DAB has requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as a guarantee
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Afghanistan Central Bank puts on sale 35mn US dollars
Afghanistan’s central bank, Da Afghanistan Bank (DAB), announces that the bidding process for sales of USD 35mn will begin on Saturday, 15 August 2015 (24/05/1394). DAB has requested qualified dealers and commercial banks who already have kept one million and
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Afghani dips down against the US dollar
Afghani currency has declined against the US dollar and has sparked concerns among the masses over the future of the Afghan economy that is struggling to stand on its feet since the withdrawal of the foreign troops. In the Sarai Shahzada
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MPs approve Khalilullah Sediq as governor of Central Bank of Afghanistan
The Lower House of the Parliament (Wolesi Jirga) voted in favor of Khaliullah Sediqi as the governor of Afghanistan’s Central Bank, Da Afghanistan Bank (DAB). Sediqi has served in the banking sector for over thirty years in Afghanistan and the
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Afghan central bank to pump $850mn into the economy
Afghanistan’s Central Bank, Da Afghanistan Bank (DAB), plans to pump USD85mn into the local economy in a bid to stabilize the national currency and assist the banking sector. DAB’s acting governor Khan Afzal Hudawal said the funds for capital injection
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Afghanistan’s Central Bank to pump more US dollars into the market
In a bid to stabilize the Afghani currency the Central Bank of Afghanistan (Da Afghanistan Bank-DAB) announced injecting up to USD 100mn cash into the market. The Bank dispatches USD 50mn weekly to the market and getting Afghani in exchange
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Afghanistan, IMF discuss privatization of New Kabul Bank
Afghan Finance Ministry and the International Monetary Fund (IMF) are holding discussions over the privatization of the loss-making New Kabul Bank. This comes after the Afghan government failed to find a suitable buyer for the bank. In December of last
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Afghanistan Central Bank approaches Interpol to find bank robbers
Afghanistan’s Central Bank, Da Afghanistan Bank (DABS), has approached Interpol to find the perpetrators of the robbery in one of the bank’s branches in Spin-Boldak district of Kandahar. Staff at the Spin Boldak district of Kandahar province’s Afghanistan Central Bank
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Afghan, UAE Central Banks sign MoUs to boost cooperation
The Central Bank of the United Arab Emirates (UAE) signed a Memorandum of Understanding (MoU) with the Central Bank of Afghanistan, Da Afghanistan Bank (DAB), aimed at boosting cooperation. The agreement involves training and technical assistance to DAB’s employees and
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The unstable Afghani currency
As the elections deadlock ended, there were glimpses of hope that Afghani currency would appreciate in value against the US dollar. Only a few days after the formation of the new government, the Afghani currency continued to go down. The
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Money Laundering Law delayed further, Afghan MPs blame the government
Members of the Lower House have shifted the blame onto the government for the delay in ratification of Anti-Money Laundering Law. The Law was expected to be voted on Tuesday; however, due to lack of a quorum in the Lower
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Afghan Lower House to vote on Anti-Money Laundering Law next week
The Afghan Lower House committees will vote on the Anti-Money Laundering and Financing Terrorism Prevention Laws next Wednesday. After approval from the Lower House, the Laws would be submitted to the Senate to decide whether or not to send it
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DAB and HARAKAT team up to improve access to finance in Afghanistan
Afghanistan’s central bank, Da Afghanistan Bank (DAB) and Harakat- Afghanistan Investment Climate Facility Organization signed an agreement on the implementation of the Shariah Compliant Project. The Shariah Compliant Project is aimed at tackling problems of the Islamic Banking, which is
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Afghanistan central bank dismisses SIGAR’s report regarding possible banking crisis
Da Afghanistan Bank (DAB), Afghanistan’ central bank, rejects reports by the Special Inspector General for Afghanistan Reconstruction (SIGAR) that has warned of a possible banking crisis to loom. According to the report, DAB lacks the required ability to regulate commercial
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