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DAB says technical agreements in place to print new bank notes
The country’s central bank – Da Afghanistan Bank (DAB) said Thursday they have reached agreements with a number of foreign countries and money printing facilities to print new bank notes for the country.
“We have collected and burned the old money, we have reached an agreement with the money printing offices and countries and we expect to proceed according to the plan and present you with the results, we are proceeding based on national interests; discussions have been held with countries and banks and they will help Afghanistan,” said Lutful Haq Noor Pasarlay, DAB’s policy deputy head.
Abdulqahar known as Haji Muhammad Edris, the acting head of De Afghanistan Bank, also spoke at the event and mapped out achievements made by the central bank in the past 12 months.
“Maintaining the stability of the value of the Afghani currency, maintaining the sustainability of commercial banks, providing banking services, facilitating cross-border transfers and developing new systems were some of the issues in the attention of Da Afghanistan Bank during the last year,” said Abdulqahar.
According to officials, in order to improve the banking sector and prevent criminal activities, the law to prevent terrorism financing, the regulation of preventive measures against money laundering, the management plan for the liquidity problem of the banking sector, the plan to revive the financial and banking sector, and the crisis management policy, have been drawn up and will soon be adopted.
The officials also said that in order to release Afghanistan’s foreign exchange reserves, several internal and external meetings have been organized with the relevant parties and discussions have been held on technical matters.
The last meeting of technical representatives of Afghanistan and the United States, for releasing Afghanistan’s frozen assets, was held in Tashkent, Uzbekistan.
Kazakhstan’s President Kassym-Jomart Tokayev has emphasized the continuation of humanitarian assistance to Afghanistan, stating that the ongoing provision of such aid plays an important role in ensuring regional security.
Speaking at the international conference “Peace and Trust” in Ashgabat, the capital of Turkmenistan, Tokayev described addressing complex humanitarian challenges and the reconstruction of Afghanistan as a necessity.
“To ensure regional security, we consider it essential to continue providing assistance to Afghanistan, including by strengthening international efforts to address complex humanitarian issues and the reconstruction of this country. Kazakhstan remains committed to supporting the people of Afghanistan through humanitarian aid, educational projects, trade development, and food security initiatives,” he said.
Meanwhile, experts believe that sustainable improvement of the humanitarian situation in Afghanistan requires broad cooperation from the international community and support for the country’s economic development.
“Investment can be defined as one of the fundamental drivers of the economic cycle, and whenever Afghan traders do not take their money out of the country and instead invest domestically, it naturally leads to greater growth and dynamism in Afghanistan’s economy,” said Abdul Zahoor Modabber, an economic analyst.
As the humanitarian crisis in Afghanistan continues, reports by international relief organizations indicate that millions of citizens of the country are in urgent need of food, health, and livelihood assistance.
The reduction in funding for aid organizations, the impacts of climate change, and the return of migrants have increased concerns about a further deterioration of the humanitarian situation in the country.
The Islamic Emirate has announced that it will not participate in the upcoming meeting of special envoys of regional countries on Afghanistan, scheduled to be held in Tehran, despite having received an invitation.
In a statement, Zia Ahmad Takal, Head of Information and Public Relations at the Ministry of Foreign Affairs, said the Islamic Emirate has maintained continuous and active engagement with all regional countries through various organizations, regional formats, and bilateral mechanisms, achieving notable progress in promoting mutual understanding and regional cooperation.
The statement added that Afghanistan’s Ministry of Foreign Affairs believes regional cooperation should be advanced by strengthening existing mechanisms and formats within the region.
Tehran is set to host the meeting next week, with special envoys from Pakistan, Tajikistan, Uzbekistan, Turkmenistan, China, and Russia expected to attend.
Khalifa Sirajuddin Haqqani, Minister of Interior of the Islamic Emirate of Afghanistan, said during a visit to Khost province on Friday that any government which rules through fear cannot be considered a true government.
“A government is one that is loved by its people, one that serves them with respect and compassion, and from whose behavior people learn ethics and sincerity,” he said.
Haqqani also stressed that Afghans who opposed the Islamic Emirate in the past should be tolerated and treated in a way that helps eliminate hostility and animosity, paving the way for national cohesion.
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