Puneet Varma (Editor)

Da Afghanistan Bank

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Established
  
1939

Website
  
www.dab.gov.af

Founded
  
1939

Governor
  
Khalil Sediq

Central bank of
  
Afghanistan

Headquarters
  
Kabul

Da Afghanistan Bank httpsuploadwikimediaorgwikipediacommonsthu

Currency
  
Afghan afghaniAFN (ISO 4217)

Da Afghanistan Bank (Pashto: دافغانستان 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 47 branches throughout the country, with five of these situated in Kabul, where the headquarters is also based. Khalil Sediq is its current governor, since 13 July 2015.

Contents

Da Afghanistan Bank (DAB) is a wholly government-owned bank of Afghanistan which was established in 1939.

The bank's seal features a Eucratides I-era coin.

DAB is active in developing policies to promote financial inclusion and a member of the Alliance for Financial Inclusion.

The 1 000 afghanis papermoney note da afghanistan bank


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.

    • Board of directors

    The board of directors at DAB consists of:

  • Khalil 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

    • References

    Da Afghanistan Bank Wikipedia
    (Text) CC BY-SA


    Similar Topics