DAB for stable Afghani currency
AT News Report
KABUL: In order to keep value of Afghani currency stable in the market, Da Afghanistan Bank restricted commercial dealing and contracts in foreign currency throughout the country.
Addressing a press conference here on Thursday Governor of DAB Noorullah Delawari said that in order to make keep stable the currency value, High Council of DAB announced restriction on dealing in foreign currency nationwide.
He sated that dealing with the foreign currency has negative impact on Afghani currency value and it is against the DAB regulation. Thus, the violator will face legal action.
While pointing towards slight decrease in the value of Afghanis against US dollar, he said that it was temporary due to Hajj issues. The DAB high council also will request MoHRA deal in Afghani curreny while processing applications for Hajj.
Delawari confirmed that people were still dealing in foreign currency on daily bais in some port of Afghanistan. He asked public for support to discourage the use of foreign currency as a move to keep stable the value of own currency across the country.
DAB Governor said that banks were investing deposited money of Afghans in other foreign countries than home, and this trend witnessed 17 percent surge.
He said that DAB’s high council made decision to prevent banks from such activities and regulate them to invest inland.
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