Business
Da Afghanistan Bank receives $900 million in cash aid to date
Officials at Da Afghanistan Bank, the country’s central bank, announced Wednesday that nearly $900 million in humanitarian cash aid has been sent to Afghanistan since the collapse of the former government.
According to Bakhtar News Agency, Mohammad Saber Momand, a spokesman for Da Afghanistan Bank, said: “Thanks to the series of humanitarian aid to Afghanistan, 30 cash packages have reached the country so far, totaling 889 million and 600 thousand US dollars.”
Momand said the bank has welcomed the move to help boost the banking sector but that officials have called on the international community to engage, cooperate and help the Afghan people in other areas as well.
Momand said that delivering humanitarian aid through the banking sector will create transparency and provide more facilities for delivering assistance to the people.
He also stressed that the arrival of foreign currency in the form of cash aid to Afghanistan has a significant impact on the AFN exchange rate and the stability of its value.
Two days ago, the central auctioned $12.5 million to improve the AFN’s value, rendering it at 88.85 Afghanis to the dollar.