Latest news
تصویر بندانگشتی
Business

Questions Raised Over Afs15 B Transfer From Central Bank to MoF

Documents reveal that a lawmaker has transferred Afs15 billion ($194 million) from the state-owned Central Bank to the Finance Ministry without processing it through the Wolesi Jirga, the lower house of the Afghan parliament.

The issue has sparked anger among some lawmakers in the Wolesi Jirga who link it to a political circle that wants to take money from the public treasury.

“The head of the Central Bank and the Presidential Palace, the Supreme Court, the second vice president are involved in transferring money from the public treasury without the approval of the parliament. They must be referred to the court based on the Constitution,” MP Ramazan Bashardost said.

Some members of the Wolesi Jirga’s financial and budget committee said the transfer is an effort by the Finance Ministry to report it has high revenues.

“This money has been transferred from the Central Bank to the Finance Ministry based on the direction of Mr. President or his team,” said MP Sediq Ahmad Osmani said.

Critics say the transfer of money through a mechanism using the Central Bank will lead to big problems in the country’s financial assets.

“The government has the right to transfer money from the state bank, but, in this case, I think the mechanism has been a little bit improper, and I think it is a violation,” university professor Saifuddin Saihoon said.

The Central Bank has not commented on this report.

Business

Questions Raised Over Afs15 B Transfer From Central Bank to MoF

Documents show that the funds were transferred to the Finance Ministry without the approval of the parliament.

تصویر بندانگشتی

Documents reveal that a lawmaker has transferred Afs15 billion ($194 million) from the state-owned Central Bank to the Finance Ministry without processing it through the Wolesi Jirga, the lower house of the Afghan parliament.

The issue has sparked anger among some lawmakers in the Wolesi Jirga who link it to a political circle that wants to take money from the public treasury.

“The head of the Central Bank and the Presidential Palace, the Supreme Court, the second vice president are involved in transferring money from the public treasury without the approval of the parliament. They must be referred to the court based on the Constitution,” MP Ramazan Bashardost said.

Some members of the Wolesi Jirga’s financial and budget committee said the transfer is an effort by the Finance Ministry to report it has high revenues.

“This money has been transferred from the Central Bank to the Finance Ministry based on the direction of Mr. President or his team,” said MP Sediq Ahmad Osmani said.

Critics say the transfer of money through a mechanism using the Central Bank will lead to big problems in the country’s financial assets.

“The government has the right to transfer money from the state bank, but, in this case, I think the mechanism has been a little bit improper, and I think it is a violation,” university professor Saifuddin Saihoon said.

The Central Bank has not commented on this report.

Share this post