Da Afghanistan Bank
|Pashto: دافغانستان بانک
Persian: بانک مرکزی افغانستان
Abdul Ghani Ghawasi
Shah Mohammad Mehrabi
Ghulam Faroq Achikzad
Da Afghanistan Bank (Pashto: دافغانستان بانک; Persian: بانک مرکزی افغانستان ) is the central bank of Afghanistan. It regulates all banking and money handling operations in Afghanistan. The bank currently has 47 branches throughout the country, with five of these situated in Kabul, where the headquarters is also based.
Da Afghanistan Bank (DAB) is a wholly government-owned bank of Afghanistan which was established in 1939. Basic Tasks of DAB:
- 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.
The bank's seal features a Eucratides I-era coin.
Board of directors
The board of directors at DAB consists of:
- Khalilullah Sediq – The Governor and Chairman of the Executive Board, Supervisory Board and Board of Directors
- Khan Afzal Hadawal – The First Deputy Governor and Vice Chairman of the Executive Board, Supervisory Board and Board of Directors
- Dr. Abdul Ghani Ghawasi
- Narges Nehan
- Dr. Shah Mohammad Mehrabi
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