Da Afghanistan Bank Burns Over 537 Million Old Afghani Banknotes in Herat
HERAT (Afghan Verified) -- Da Afghanistan Bank (DAB) incinerated approximately 537,746,000 old afghani banknotes in Herat province on Sunday.
The worn-out notes, collected from the western region of the country, underwent careful counting and verification before being destroyed under the supervision of a committee led by Mullah Mohammad Akhund, deputy head of DAB in Herat.
In a statement, DAB said the burned banknotes included denominations of 1, 2, 5, 10, 20, 50, 100, 500, and 1,000 afghanis.
Mullah Mohammad Akhund said the destruction of old banknotes forms part of the bank's sustainable strategy to ensure the public has access to new, usable currency for daily transactions.
"Burning worn-out banknotes is a key measure for promoting transparency in the financial system and maintaining the credibility of the Afghan currency," Akhund added.
DAB periodically collects old banknotes to facilitate smoother daily transactions and replaces them with new currency in circulation.
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