Da Afghanistan Bank
Encyclopedia
The Afghanistan Bank is the central bank
of Afghanistan
. It regulates all the banking and money handling operations in Afghanistan.
Da Afghanistan Bank (DAB) is one of the leading & government recognized bank of Afghanistan which was established on 1939.
Basic Tasks of DAB:
The bank's seal features a Eucratides I
-era coin.
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
of Afghanistan
Afghanistan
Afghanistan , officially the Islamic Republic of Afghanistan, is a landlocked country located in the centre of Asia, forming South Asia, Central Asia and the Middle East. With a population of about 29 million, it has an area of , making it the 42nd most populous and 41st largest nation in the world...
. It regulates all the banking and money handling operations in Afghanistan.
Da Afghanistan Bank (DAB) is one of the leading & government recognized bank of Afghanistan which was established on 1939.
Basic Tasks of DAB:
- 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.
The bank's seal features a Eucratides I
Eucratides I
Eucratides I Megas was one of the most important Greco-Bactrian kings, descendants of dignitaries of Alexander the Great. He uprooted the Euthydemid dynasty of Greco-Bactrian kings and replaced it with his own lineage...
-era coin.