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Da Afghanistan Bank

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Da Afghanistan Bank
Pashto: دافغانستان بانک
Dari: بانک مرکزی افغانستان
HeadquartersKabul
Established1939
Ownership100% state ownership[1]
GovernorAjmal Ahmadi (acting)
Central bank ofAfghanistan
CurrencyAfghan afghani
AFN (ISO 4217)
Reserves6 110 million USD[1]
Websitewww.dab.gov.af

Da Afghanistan Bank (Pashto:د افغانستان بانک; Dari: بانک مرکزی افغانستان ) is the central bank of Afghanistan. It regulates all banking and money handling operations in Afghanistan. The bank currently has 46 branches throughout the country, with five of these situated in Kabul, where the headquarters is also based.[2] Wahidullah Nosher has served as its acting governor since 16 June 2019.

Da Afghanistan Bank (DAB) is a wholly government-owned bank of Afghanistan which was established in 1939. DAB is active in developing policies to promote financial inclusion and a member of the Alliance for Financial Inclusion.[3] In May 2020, the bank launched a campaign to promote the use of Afghan currency instead of Iranian rials in the western provinces.[4]

Bank's Seal

The seal of Da Afghanistan Bank has the name of the bank in Pashto at the top and Latin script at the bottom, the year 1939 in which it was established and an Eucratides I-era coin having the Greek text, "ΒΑΣΙΛΕΩΣ ΜΕΓΑΛΟΥ ΕΥΚΡΑΤΙΔΟΥ" which means “Of the great king Eucratides.”

Mission

Basic Tasks of DAB are:

  • Formulate, adopt and execute the monetary policy of Afghanistan.
  • Hold and manage the official foreign exchange reserves of Afghanistan.
  • Print and issue Afghani banknotes and coins.
  • Act as banker and adviser to, and as fiscal agent of the State.
  • License, regulate and supervise banks, foreign exchange dealers, money service providers, payment system operators, securities service providers, securities transfer system operators.
  • Establish, maintain and promote sound and efficient systems for payments, for transfers of securities issued by the State or DAB, and for the clearing and settlement of payment transactions and transactions in such securities.
  • Accept foreign bank applications from banks that wish to operate in Afghanistan.

Supreme Council

The Supreme Council at DAB consists of:[5]

  • Wahidullah Nosher – Acting Governor and First Deputy Governor
  • Dr. Shah Mohammad Mehrabi – Member
  • Katrin Fakiri – Member
  • Abdul Wakil Muntazer – Member
  • Muhammad Naim Azimi – Member

Governors

See also

References

  1. ^ a b https://d-nb.info/1138787981/34
  2. ^ Da Afghanistan Bank. "The Afghanistan Bank". Da Afghanistan Bank. Archived from the original on 11 April 2019. Retrieved 14 March 2016.
  3. ^ "AFI members". AFI Global. 10 October 2011. Archived from the original on 20 February 2012. Retrieved 23 February 2012.
  4. ^ News, Ariana. "Central bank to run campaign promote Afghani in western provinces". ariananews.af. Retrieved 6 June 2020. {{cite web}}: |last= has generic name (help)
  5. ^ http://www.dab.gov.af/. "Members of Supreme Council". PUBLISHER. {{cite web}}: External link in |author= (help)[permanent dead link‍]
  6. ^ a b c d e f g h i j "DAB History | Da Afghanistan Bank". dab.gov.af.
  7. ^ a b c "Central Banking Directory". Central Banking Publications. 18 April 1993 – via Google Books.
  8. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Jan-Oct 1989". HathiTrust.
  9. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. Sept 1991". HathiTrust.
  10. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1991July-Dec". HathiTrust.
  11. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1992May-Oct". HathiTrust.
  12. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1994May-Aug 1994". HathiTrust.
  13. ^ a b Fitrat, Abdul Qadeer (7 March 2018). "The Tragedy of Kabul Bank". Page Publishing Inc – via Google Books.
  14. ^ "Chiefs of State and Cabinet members of foreign governments / National Foreign Assessment Center. 1995 no.1-4". HathiTrust.
  15. ^ a b c d e f g "Database". www.afghan-bios.info.


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