The Central Bank of Afghanistan’s Supreme Council reviewed monetary policy, banking sector conditions and plans to expand Islamic banking, electronic banking and public access to financial services. The council made decisions on the issues discussed, although the bank did not disclose their substance. First Deputy Governor Sediqullah Khalid reported that the Afghani had remained stable over the past year despite global economic challenges, while public deposits had increased and the banking sector had made progress. The council also assessed directorate reports covering the past months of 1405, including monetary policy implementation, the banking and nonbank financial sectors, Islamic banking and payment systems, and reviewed work plans and upcoming programs.
Central Bank of Afghanistan reviews monetary policy, banking sector and financial access priorities
The Central Bank of Afghanistan’s Supreme Council reviewed monetary policy, banking sector conditions and plans to develop Islamic and electronic banking and broaden financial access. It reported a stable Afghani and higher public deposits, while the substance of decisions taken at the meeting was not disclosed.