Bringing Afghanistan up to international banking standards could mean rich rewards in the shape of a return to international financial markets. To this end, the central bank, Da Afghanistan Bank (DAB), faces the twin tasks of modernising the country’s banking infrastructure and attempting to bring almost 90% of the population into formal banking for the first time.
Central bank governor Khalil Sediq will be presiding over the process. He says: “DAB’s key goal and ambition for the banks and economy of the country over the coming years is to maintain price stability through design, to implement of sound and prudent monetary policies, to mitigate severe fluctuations in exchange rate, and contribute to economic growth and overall macroeconomic stability.”
