(DAB, ps, د افغانستان بانک; prs, بانک مرکزی افغانستان) is the central bank of Afghanistan. It regulates all banking and money handling operations in Afghanistan. The bank currently has 46 branches throughout the country, with five of these situated in Kabul, where the headquarters is also based. Da Afghanistan Bank is a wholly

government-owned State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownersh ...

bank, established in 1939. DAB is active in developing policies to promote financial inclusion and a member of the

Alliance for Financial Inclusion The Alliance for Financial Inclusion, or AFI, is a policy leadership alliance owned and led by member central banks and financial regulatory institutions with the common objective of advancing financial inclusion at the country, regional and inte ...

. In May 2020, the bank launched a campaign to promote the use of Afghan currency instead of

Iranian rials The rial ( fa, ریال ایران, riyâl-è Irân; sign: ﷼; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran. There is no official symbol for the currency but the Iranian standard ...

in the western provinces.

Bank's seal

The seal of Da Afghanistan Bank has the name of the bank in Pashto at the top and Latin script at the bottom, the year 1939 in which it was established, and a depiction of a Eucratides I-era coin with the Greek text, "" which means "Of the great king Eucratides".

Mission

Basic tasks of DAB are: * Formulate, adopt and execute the monetary policy of Afghanistan. * Hold and manage the official foreign-exchange reserves of Afghanistan. * Print and issue afghani banknotes and coins. * Act as banker and adviser to, and as fiscal agent of the state. * License, regulate and supervise banks, foreign exchange dealers, money service providers, payment system operators, securities service providers, securities transfer system operators. * Establish, maintain and promote sound and efficient systems for payments, for transfers of securities issued by the state or DAB, and for the clearing and settlement of payment transactions and transactions in such securities. * Accept foreign bank applications from banks that wish to operate in Afghanistan.

Supreme Council

As of July 2021, the Supreme Council at DAB consisted of: * Ajmal Ahmady, Acting Governor and Acting Chairman of Supreme Council * Dr. Shah Mohammad Mehrabi – Member * Katrin Fakiri – Member * Abdul Wakil Muntazer – Member * Muhammad Naim Azimi – Member The Supreme Council is currently unknown due to the

collapse of the Islamic Republic of Afghanistan On 15 August 2021, Afghanistan's capital city of Kabul was captured by the Taliban after a major insurgent offensive that began in May 2021. This led to the overthrowing of the Islamic Republic of Afghanistan under President Ashraf Ghani an ...

in August 2021.

Governors

* Habibullah Malie Achekzai, 1954–1960 * Abdul Hay Azizi, 1960–1975 * Mohammad Hakim Khan, 1975–1980 * Ghulam Hussain Jujeni, 1980–1982 * Mehrabuddin Paktiawal, 1982–1985 * Abdul Basir Ranjbar, 1985–1988 * Mohammad Kabir, 1988–1990 * Khalil Sediq, 1990–1991 * Abdul Wahab Asefi, ?–1991–? * Najibullah Sahu, ?–1992–? * Zabihullah Eltezam, ?–1993 * Ghulam Mohammed Yailaqi, 1993 * Mohammad Hakim Khan, 1993–1995 * Ehsanullah Ehsan, during Taliban era, 1996–1997 * Abdul Samad Sani, during Taliban era, 1997–? *

Mohammad Ahmadi Mohammad Ahmadi is an Iranian film director, cinematographer and producer. Awards *Gold plate and honorary diploma for best dialogue from the fourth Kish Festival, 2002 *Honorary diploma for best dialogue from the ninth Holy defense festival, Ma ...

, during Taliban era, ?–2001 *

Anwar ul-Haq Ahady Anwar ul-Haq Ahady (August 12, 1951) is a politician in Afghanistan, formerly serving as Afghan Minister of Commerce and Industry. He had served as the nation's Finance Minister from December 2004 to February 5, 2009. Prior to that he held the ...

, 2002–2004 * Noorullah Delwari, 2004–2007 *

Abdul Qadir Fitrat Abdul Qadir Fitrat () was governor of Da Afghanistan Bank from 2007 to 2011. He fled to the United States and is now wanted by the Afghani government. He is currently residing among the large Afghan-American community in Northern Virginia. Fitr ...

, 2007–2011 * Noorullah Delwari, 2011–2014 * Khan Afzal Hadawal, acting, 2014–2015 * Khalil Sediq, 2015–2019 * Wahidullah Nosher, acting, 2019–2019 * Ajmal Ahmady, acting, 2019–2021 * Haji Mohammad Idris, acting, during Taliban era, August 2021 – October 2021 *

Shakir Jalali Shakir Jalali (ډاکټر شاکر جلالي) was the acting governor of the Da Afghanistan Bank between October 2021 and March 2023. References

Year of birth missing (living people) Living people Governors of Da Afghanistan Bank Central ...

, acting, during Taliban era, October 2021 – present

Seizure of US-based assets

DAB owned about US$7 billion in assets held at the

Federal Reserve Bank of New York The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is responsible for the Second District of the Federal Reserve System, which encompasses the State of New York, the 12 northern counties of New ...

. After the 2021 Taliban seizure of power, a group of about 150 relatives of

victims Victim(s) or The Victim may refer to: People * Crime victim * Victim, in psychotherapy, a posited role in the Karpman drama triangle model of transactional analysis Films and television * ''The Victim'' (1916 film), an American silent film by t ...

of the September 11 attacks attempted to use a judgement from the SDNY cas
''Havlish v. Bin Laden''
to gain control of these assets, asserting that they were now legally the Taliban's and thus could be used to pay damages to 9/11 victims' families. After a period of deliberation, the Biden administration went along with the request, dividing the assets into two halves, one of which would be allocated to the plaintiffs as potential damages, and the other which would be used to set up a trust fund to "support the needs of the Afghan people" but which the Taliban government would remain barred from accessing. On 26 August 2022, a judge recommended to not award damages as the bank is "immune from jurisdiction" and that it would "acknowledge" the Taliban as the legitimate Afghan government.

References

External links

Da Afghanistan Bank

Official YouTube channel

@AFGCentralbank
- Official Twitter account, active post-August 30, 2021 {{Authority control Afghanistan Banks of Afghanistan Banks established in 1939 Afghanistan 1939 establishments in Afghanistan Regulation in Afghanistan