Afghanistan Bank President Reports 10.77% Afghani Appreciation Against Dollar Last Year
KABUL (Afghan Verified) -- Afghanistan Bank President Noor Ahmad Agha stated that the value of the Afghani against the dollar increased by 10.77 percent last year.
Agha reported that total bank assets rose by 4.69 percent last year compared to the previous year. He said the figures indicate stability and strength in the banking sector, as well as growing customer trust.
The president made the remarks during a high council meeting of Afghanistan Bank, which he chaired. Participants discussed monetary policies, the current situation in the banking sector, development of Islamic banking, growth of electronic banking services, and efforts to expand access to financial services.
Agha's comments highlight ongoing efforts to bolster the financial system amid economic challenges. The reported gains in asset growth and currency strength come as the central bank focuses on enhancing stability and public confidence in banking operations.
No further details on the specific measures or timelines for the discussed initiatives were provided in the statements.
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Where reports agree
- Noor Ahmad Agha, Afghanistan Bank President, reported 4.69% increase in bank assets and 10.77% Afghani appreciation against USD last year.
- Meeting discussed monetary policies, Islamic banking, and electronic banking expansion.
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