Da Afghanistan Bank

Da Afghanistan Bank
Pashto: د افغانستان بانک
Dari: بانک مرکزی افغانستان
HeadquartersKabul, Afghanistan
Established17 November 1939
Ownership100% state ownership[1]
GovernorNoor Ahmad Agha[2]
Central bank of Islamic Emirate of Afghanistan
CurrencyAfghani
AFN (ISO 4217)
Reserves$9.5 billion[3][4][5]
Websitewww.dab.gov.af

Da Afghanistan Bank (DAB, Pashto: د افغانستان بانک; Dari: بانک مرکزی افغانستان) is the central bank of Afghanistan. It regulates all banking and monetary transactions in Afghanistan.[6] Established in 1939, the bank is wholly government-owned. It is active in developing policies to promote financial inclusion and a member of the Alliance for Financial Inclusion.[7]

Da Afghanistan Bank currently has around 52 branches throughout the country, with seven of these in Kabul, where its headquarters is also based.[8] As of December 2023, individual bank customers cannot withdraw more than 70,000 afghanis ($1,000) a week.[9][10][11]

  1. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek. Archived from the original on 28 May 2020. Retrieved 8 May 2020.
  2. ^ "'Financier of Taliban Bomb-Making' Appointed as Central Bank Chief". Afghanistan International. 7 July 2024. Retrieved 11 September 2024.
  3. ^ "The US and Taliban are negotiating the release of part of the $9.5 billion in frozen Afghan government assets, report says". Business Insider. 26 July 2022. Retrieved 9 August 2023.
  4. ^ "US freezes Afghan central bank's assets of $9.5bn". Al Jazeera. 18 August 2021. Archived from the original on 18 August 2021. Retrieved 9 August 2023.
  5. ^ "U.S. Freezes Nearly $9.5 Billion Afghanistan Central Bank Assets". Bloomberg News. 17 August 2021. Retrieved 9 August 2023.
  6. ^ "DAB officials: Inflation rate falls, afghani's value increases". Pajhwok Afghan News. 9 August 2023. Archived from the original on 1 June 2024. Retrieved 10 August 2023.
  7. ^ "AFI members". AFI Global. 18 June 2019. Archived from the original on 20 February 2012. Retrieved 9 August 2023.
  8. ^ "Zones and Branches". Da Afghanistan Bank. Archived from the original on 1 June 2024. Retrieved 9 August 2023.
  9. ^ "DAB increases withdrawal limit from bank accounts". Ariana News. 30 November 2023. Archived from the original on 1 June 2024. Retrieved 1 December 2023.
  10. ^ "Restrictions on cash withdrawal from banks further eased: DAB". Pajhwok Afghan News. 30 November 2023. Retrieved 1 December 2023.
  11. ^ "Central Bank Raises Withdrawal Limits". TOLOnews. 30 November 2023. Retrieved 1 December 2023.