Afghan central bank urges people to use local currency
Afghanistan’s central bank, Da Afghanistan Bank (DAB), has urged people to use local currency in transactions and avoid the use of foreign currencies. “In accordance with Article 33 of The Afghanistan Bank Law, the currency of Afghanistan and its monetary unit is the Afghani,” the bank said in a statement posted on its social media account on Friday.
“Therefore, all Afghans, government and private institutions are requested to use Afghani in their contracts, transactions and businesses to improve economic growth,” the bank said.
The announcement came amid increasing use of foreign currencies in some Afghan provinces, including the US dollar, the Iranian rial and the Pakistani rupee.
Read also: Taliban resumes school for boys only, no mention of girls
Read also: Afghanistan: Taliban will seek Bactrian treasure
.