Tag "Da Afghanistan Bank"
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Efforts underway to ban Pakistani Rupees in Afghanistan
Da Afghanistan Bank (DAB), Afghanistan’s central bank, endeavors to ban usage of Pakistani Rupees in Afghanistan. Currently, Pakistani Rupees (known as ‘Kaldar’ in Afghanistan), is commonly used in southern provinces of Afghanistan including Kandahar, Helmand, Uruzgan and Zabul provinces. Economic
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Launch of the Afghan National Payment Switch: opening the gate to the global financial network
Afghanistan Payments Systems (APS) in close coordination with Da Afghanistan Bank (DAB) are launching a shared and Interoperable Card/Mobile Payment Switch in Afghanistan. Afghanistan Payments Systems is the only ‘Payment Service Operator’ acting as the national provider of secure financial
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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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Sale of USD 15mn, 220mn Pakistani Rs by Afghan Central Bank
The central bank of Afghanistan, Da Afghanistan Bank (DAB), has announced to sell USD 15mn and 220mn Pakistani Rupees on Saturday. DAB requested qualified dealers and commercial banks who already have kept one million and five hundred thousand Afghanis as
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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 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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Investment capital of $20mn required for foreign banks opening in Afghanistan
Da Afghanistan Bank (DAB), Afghanistan’s Central Bank, has changed regulations for foreign banks following closure of the Standard Chartered Bank and Punjab Bank in Afghanistan. The investment capital needed for a foreign bank to start up in Afghanistan is increased
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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 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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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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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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A possible banking crisis to arise from Afghanistan's central bank: SIGAR warns
According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), a corruption watchdog, Afghanistan’s central bank, Da Afghanistan Bank (DAB), lacks the required ability to regulate commercial banks. DAB is responsible for controlling license issuance and
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A possible banking crisis to arise from Afghanistan’s central bank: SIGAR warns
According to a recent report by the Special Inspector General for Afghanistan Reconstruction (SIGAR), a corruption watchdog, Afghanistan’s central bank, Da Afghanistan Bank (DAB), lacks the required ability to regulate commercial banks. DAB is responsible for controlling license issuance and
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DAB branch gets new building in Jalalabad
A new building for Da Afghan Bank (DAB) branch in Jalalabad, capital of eastern Nangarhar province, was inaugurated on Wednesday. Costing USD 3,685,141, the four-story building is equipped with all the required facilities including a kindergarten, a mosque, a car
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Kabul to launch credit registry system to manage loans
An online public credit registry system is being established in Kabul city to manage loans and facilitate transactions. Funded by the World Bank, the project is being implemented by the Da Afghanistan Bank (DAB) at a total cost of USD
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