Da Afghanistan Bank

Da Afghanistan Bank
Pashto: دافغانستان بانک‎
Dari: بانک مرکزی افغانستان‎

Headquarters	Kabul
Established	1939
Ownership	100% state ownership[1]
President	Haji Mohammad Idris (acting)[2]
Central bank of	Afghanistan
Currency	Afghan afghani
Reserves	9,400 million USD[3]
Website	www.dab.gov.af

Da Afghanistan Bank (DAB, 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.^[4]

Da Afghanistan Bank is a wholly government-owned bank, established in 1939. DAB is active in developing policies to promote financial inclusion and a member of the Alliance for Financial Inclusion.^[5] In May 2020, the bank launched a campaign to promote the use of Afghan currency instead of Iranian rials in the western provinces.^[6]

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 a depiction of an Eucratides I-era coin with 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.^[7]

Supreme Council[]

As of July 2021, the Supreme Council at DAB consisted of:^[8][9]

• Ajmal Ahmady, Acting Governor and Acting Chairman of Supreme Council
• Dr. Shah Mohammad Mehrabi – Member
• Katrin Fakiri – Member
• Abdul Wakil Muntazer – Member
• Muhammad Naim Azimi – Member

The Supreme Council is currently unknown due to the collapse of the Islamic Republic of Afghanistan in August 2021.

Governors[]

• , 1954–1960^[10]
• , 1960–1975^[10]
• , 1975–1980^[10]
• , 1980–1982^[10]
• , 1982–1985^[11][10]
• , 1985–1988^[10]
• , 1988–1990^[11][10][12]
• , 1990–1991^[13][10][14]
• , ?–1991–?^[11]
• , ?–1992–?^[15]
• , ?–1993^[16]
• , 1993^[17]
• , 1993–1995^[18][17]
• Ehsanullah Ehsan, during Taliban era, 1996–1997^[19]
• , during Taliban era, 1997–?^[20]
• Anwar ul-Haq Ahady, 2002–2004^[21][10]
• Noorullah Delwari, 2004–2007^[21][10]
• Abdul Qadir Fitrat, 2007–2011^[21]
• Noorullah Delwari, 2011–2014^[21]
• , acting, 2014–2015^[21]
• , 2015–2019^[21]
• , acting, 2019–2019^[21]
• Ajmal Ahmady, acting, 2019–2021^[3]
• Haji Mohammad Idris, acting, during Taliban era, 2021-present

See also[]

• Afghan afghani
• Ministry of Finance (Afghanistan)

References[]

External links[]

• Da Afghanistan Bank
• Official YouTube channel
• @AFGCentralbank - Official Twitter account, active post-August 30, 2021