Officials at the bank asserted that over the past year, concerted efforts have been made to stabilize the Afghan currency against foreign currencies within the nation.

Hasibullah Nori, spokesperson for Da Afghanistan Bank, emphasized the commitment to creating a standardized banking system to enhance services for the Afghan population. The central bank aims to provide improved banking facilities to the people of Afghanistan.

The Islamic Emirate, Afghanistan's governing authority, also stated its efforts to enhance banking services in the country. The government highlighted ongoing initiatives to transition the banking system to Islamic banking principles.

Measures such as preventing interest rates in Afghan banks and facilitating easier money transfers have been implemented. Additionally, certain sanctions imposed by the World Bank on Afghanistan's banking system have reportedly been lifted.

Zabiullah Mujahid, spokesperson for the Islamic Emirate, provided insights into the progress made, emphasizing the elimination of interest rates and measures taken to enhance banking facilities. The efforts are seen as part of broader economic reforms.

The statements come against the backdrop of international restrictions imposed on Afghanistan's banks following the change in government in 2021.

These restrictions have posed challenges to the country's economy, affecting daily life and hindering activities such as money transfers for Afghan traders. (ILKHA)