RASC News Agency: The Central Bank of Afghanistan, under the administration of the Taliban group, has recently unveiled a plan to tackle the issue of worn-out banknotes by initiating a nationwide collection and distribution campaign. In an official newsletter released on Sunday, October 29, the central bank announced the retrieval and replacement of dilapidated banknotes valued at five hundred (500) and one thousand (1000) Kabuli rupees, the official currency of Afghanistan. The Central Bank has now set its sights on replacing banknotes with denominations of 10, 20, 50, and 100 Kabuli rupees, marking an important step towards revitalizing the financial landscape.
To facilitate this crucial financial transformation, both individuals and businesses are strongly encouraged to visit the branches of the Central Bank of Afghanistan, which operate under the governance of the Taliban group (known as Da Afghanistan Bank), in order to exchange their old currency for fresh banknotes. It is essential to note that the economic turbulence and the prevailing influence of the Taliban group have hindered the progress of Afghanistan’s economy, leaving its citizens burdened by financial struggles. Furthermore, the escalating value of the dollar in relation to the Afghanistani currency has intensified the challenges faced by the populace, particularly in accessing new banknotes.
Compounding the situation, certain regions within the country are hindered by a lack of familiarity and regular usage of the Afghanistani currency, exacerbating the difficulties associated with its circulation. Acknowledging these obstacles, the Central Bank, now under the Taliban’s control, has vowed to confront these issues head-on by streamlining the exchange process, allowing old banknotes to be replaced seamlessly with new ones. Through the implementation of this progressive initiative, the bank aspires to rectify the nation’s economic woes and alleviate the financial hardships faced by Afghanistani citizens.
