The Kabul Times.
Economic

New banknotes to be soon published and distributed in Afghanistan

By: Shukria Kohistani

Da Afghanistan Bank has informed of printing new Afghani banknotes. Currently, most of the banknotes have got old and no longer used in market.
A number of Afghan citizens in their interviews with The Kabul Times correspondent while complaining of worn and torn banknotes, saying unfortunately most banks return the worn and torn banknotes back to customers.
“All the people use and exchange physical Afghani banknotes on daily basis and most are facing with problems as most of them are too worn and stingy,” said Obaid, a Kabul resident. He said he was facing with lots of problems particularly when he wanted to buy something in market.
Yasamin, another resident of Kabul, says people do not take care of the Afghani banknotes; therefore, the notes get torn and stingy.
“It is a good step that new Afghani banknotes are printed and delivered to market,” Yasamin said, asking the people to protect and keep the notes in a better way as the Afghani banknote is our national identity.
Rahman, one of sellers of foodstuff in Kabul, says increasing old and worn Afghani banknotes in markets has faced the people with lots of problems. He hopes the problems will be addressed with printing and distributing the new Afghani banknotes in the country, asking the government to collect the too torn and worn afghani banknotes from the country’s markets.
Meanwhile, the country’s central bank had previously considered selling and purchasing old and worn banknotes as illegal, saying that both old and new banknotes value the same. The bank had asked the people to change their old and worn Afghani banknotes with new ones in both government and private banks of the country.
To address the problem, the country’s national procurement authority has informed that Da Afghanistan Bank is determined that 390 million Afghani new banknotes will be soon printed and delivered to the country’s markets. “Contract for printing of the new Afghani banknotes including 10, 20, 50, 100, 500, 1000 banknotes has been signed with a French company and the respective banknotes will be soon printed with total cost of 15.15 million USD,” said Ahmad Ramin Ayaz, a spokesperson to the country’s national procurement authority.
He said that it was determined that the new banknotes would be printed in nine months.
It is worth mentioning that using too much from the physical banknotes in exchanging, dealings and the low culture of protecting the notes are considered as main causes of depletion of the Afghani currency in the country.

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The Kabul Times.