The Kabul times, Afghanistan Trustable News Agency.

DAB announces new banknotes entering market

Photo taken on Feb. 9, 2022 shows Da Afghanistan Bank DAB in Kabul, Afghanistan. Afghanistan has received a batch of 32 million U.S. dollars in humanitarian cash assistance on Tuesday, according to the country's central bank. (Photo by Saifurahman Safi/Xinhua via Getty Images)

KABUL: The country’s central bank – Da Afghanistan Bank (DAB) has announced that the newly printed Afghani banknotes would arrive soon in the market.
In a statement, the central bank said that the process of distributing the newly printed banknotes would be carried out based on the requirements.
The banknotes would enter the market gradually and based on the requirements and the worn-out banknotes would be virtually disintegrated in the system, said the bank in the statement.
The statement asked the Afghan citizens to try to protect the newly printed national currency.
Earlier, the U.S. special envoy for Afghanistan, Thomas West, said the new printed Afghani will replace worn-out banknotes in the Afghan market.
Speaking about the Afghan frozen funds, the envoy said he was very pleased to say that in the past 24 hours, they have finally seen the conclusion of currency transaction meaning that new printed Afghani will replace banknotes that are virtually disintegrating in the system.
“I don’t have a great sense of exactly when those banknotes are going to show up in Afghanistan, but we are going to continue supplying the priority transaction,” said West adding however, the time when the new banknotes will enter the Afghan markets has not been determined.
About the Afghan frozen assets, the envoy said in August 2021, “it was not the executive branch that told the banks to suspend the access, it was the banks.”
“The first meeting of the board of trustees is expected to take place next month in Switzerland,” said West adding the board of trustees, which is comprised of representatives from the U.S. and Switzerland, as well as Anwar ul-Haq Ahady, who formerly served as Afghan Minister of Commerce and Industry, and Shah Mohammad Mehrabi, will make major decisions about the $3.5 billion Afghan assets.
West went on as saying that there will be an additional advisory body of Afghan professionals and experienced people.
The Kabul Times

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Jan October 25, 2022 at 12:48 pm

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The Kabul times, Afghanistan Trustable News Agency.