The Central Bank (Da Afghanistan Bank) said that the new banknotes will be injected into the market based on its needs and the bank’s policies.
This comes as the residents of Kabul expressed frustration over worn-out banknotes in the markets.
A spokesman for the Central Bank, Hassibullah Noori, said that the new banknotes which are expected to arrive in the country will be delivered to the markets in accordance with the liquidity policy, economic conditions, and needs of the market.
“The banknotes will be delivered based on logical policies of currency, economic balance and the need of the banknotes in the market. The won-out banknotes will be collected systematically and based on a process,” he said.
“When the worn-out banknotes accumulate, they will be burned once or three times every year,” said Seyar Qureshi, an economist.
The residents of Kabul called for the Afghan markets to be provided with new banknotes as soon as possible.
“The worn-out banknotes created problems in general for all people of Afghanistan. When we go to the bank to pay the rent or to pay for medicine, the banks don’t take the money and say it is worn-out,”said Fayaz Ahmad, a resident of Kabul.
“We are facing a lot of problems because of the worn-out banknotes, when we give worn-out banknotes to the people, they don’t accept them and also when they give us worn-out money we don’t accept,” said Serajuddin, a resident of Kabul.
Economists believe that the new printed banknotes will further facilitate daily business for the people.
“The delivery of the new banknotes will have no effect on the economy, however, it will bring facilities for the people in daily business,” said Meer Shakib, an economist.
“The issue of the worn-out banknotes which is in fact the problem with the liquidity, will be solved,” said Sayed Masoud, an economist.
Earlier, the US special envoy for Afghanistan, Thomas West, said that the “new printed Afghani will replace bank notes” in Afghan markets.
He made the remarks while speaking about the Afghan frozen funds in a Zoom conference.
