Da Afghanistan Bank announced on Sunday that the Afghani has appreciated by 21 percent against foreign currencies over the past four years, with significant strengthening against the US dollar.

Bank officials attribute the currency’s gains to robust efforts aimed at stabilizing the nation’s economy and bolstering the national currency.

Hasibullah Noori, spokesperson for Da Afghanistan Bank, highlighted the effectiveness of the bank’s monetary policies in maintaining currency stability. “In the past year alone, the Afghani recorded a 0.79 percent positive change against foreign currencies, particularly the US dollar, reflecting our commitment to stability,” Noori said. He emphasized that these policies are designed to prevent sharp fluctuations in the currency market, ensuring a predictable economic environment.

The central bank is also making strides in expanding Afghanistan’s banking sector and enhancing international financial ties. According to Noori, Da Afghanistan Bank has established connections with 200 international banks, facilitating smoother global transactions for Afghan traders and businesses. This growing network is part of a broader strategy to integrate Afghanistan’s financial system into the global economy.

In the past year, the bank reported significant growth in financial support programs. Approximately 26,000 individuals benefited from small-scale financing initiatives, while an additional 16,000 received support through the banking sector. Overall, financing in the banking sector surged by 71 percent compared to the previous year, underscoring the rapid expansion of financial services in the country.

Da Afghanistan Bank’s efforts reflect a comprehensive approach to strengthening the Afghani and fostering economic stability. By improving banking infrastructure, expanding financial access, and building international partnerships, the bank aims to create a more resilient economic framework for Afghanistan’s businesses and citizens.

As these initiatives continue, Da Afghanistan Bank remains focused on sustaining the Afghani’s value and driving long-term economic development in the years ahead. (ILKHA)