DAB Supreme Council Holds Quarterly Meeting

Mpoya
Tue, Jun 11 2024 4:02 PM
DAB Supreme Council Holds Quarterly Meeting

June 11, 2024 – The supreme council of Da Afghanistan Bank (DAB) held a meeting chaired by Mr. Hedayatullah Badri, the acting Governor of Da Afghanistan Bank, and attended by other board members in the DAB main office. 

Initially, Mr. Badri delivered a speech on the effective execution of monetary policy, banking sector status, efforts to develop Islamic banking in the country, mechanization of currency exchange dealers, and people’s access to financial services.

“Afghani currency has maintained its value stable against the US dollar compared to most currencies of other countries in the region and world over the past year, and the situation is improving,” said Badri, talking about the improved status of asset, management, and liquidity of banks. During the meeting, he stated that people’s deposits in the Islamic banking sector have increased by 4% compared to the previous quarter.

Afterward, the council discussed detailed reports of the second six months for the solar year 1402 executions regarding the implementation of monetary policies, improvement of the banking sector, development of Islamic banking, progress in payment systems, and the DAB’s sectorial department plans for the solar year 1403.

In the meeting, the concerned general directors of the DAB shared suggestions for providing better services to the Afghan people, which were approved by the DAB supreme council.

It is worth mentioning that the supreme council of Da Afghanistan, as the highest decision-making body regarding the bank’s policies, holds meetings quarterly, which occur four times a year.

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