Da Afghanistan Bank
The Afghanistan Bank (Pashto: دافغانستان بانک; Persian: بانک مرکزی افغانستان) is the central bank of Afghanistan. It regulates all the 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.
Da Afghanistan Bank (DAB) is one of the leading & government recognized bank of Afghanistan which was established in 1939. Basic Tasks of DAB:
- 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.
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.
Read more about Da Afghanistan Bank: Board of Directors
Famous quotes containing the word bank:
“The English language is like a broad river on whose bank a few patient anglers are sitting, while, higher up, the stream is being polluted by a string of refuse-barges tipping out their muck.”
—Cyril Connolly (1903–1974)