What is the Central Bank of Afghanistan (DAB)? Central Bank of Afghanistan (DAB) Review, Features

The Central Bank of Afghanistan (DAB) has clear powers and responsibilities to establish branches and subsidiaries at home and abroad.

About the Central Bank of Afghanistan (DAB)

The primary objective of the Central Bank of Afghanistan is to achieve and maintain domestic price stability. Other objectives of the Bank of Afghanistan, which are subordinate to the primary objective, are to promote liquidity, solvency and efficient functioning of a stable market-based financial system and to promote a safe, sound and efficient national payment system. Considering its primary objectives, the Central Bank of Afghanistan supports the overall economic policies of the government and enhances sustainable economic growth.

The mission of the Central Bank of Afghanistan is to promote price stability and build a strong financial system, and its vision is to be a monetary institution that adheres to international best practices, promotes price stability and a sound financial system that contributes to macroeconomic stability, a favorable investment climate, private sector development, and broad-based economic growth.

Task

The basic tasks that the Central Bank of Afghanistan is responsible for performing are:

(1) Formulate, adopt and implement Afghanistan’s monetary policy;

(2) formulate, adopt and implement monetary policy and monetary arrangements for Afghanistan;

(3) hold and manage Afghanistan’s official foreign exchange reserves;

(4) Printing, minting and issuing Afghan banknotes and coins;

(5) Acting as a banker and adviser and as a fiscal agent of the state;

(6) issuing licenses to banks, foreign exchange dealers, money service providers, payment system operators, securities service providers and securities transfer system operators, and regulating and supervising them;

(7) Establish, maintain and promote a sound and efficient payment system for the transfer of securities issued by the State or the DAB and for the clearing and settlement of payment transactions and transactions in such securities.