On the International Day of Banks, Da Afghanistan Bank [Afghanistan’s Central Bank] said it is striving to standardize the banking services in the country.

Officials at the bank claim that in the past year they have made efforts to stabilize The afghani against foreign currency in the country.

“Da Afghanistan bank is committed to creating a standard banking system in the country so that they can provide better banking services to the Afghan people,” said Hasibullah Nori, spokesperson for the bank.

December 4 marks the International Day of Banks.

The Islamic Emirate on the other hand said the government is trying to provide better banking facilities in the country and that the banking system will turn into Islamic banking in Afghanistan.

“The interest rate has been prevented in Afghanistan’s banks and efforts are underway to ease money transfers, and further banking facilities have been ensured in the country. Some sanctions of the World Bank on Afghanistan’s banking system have been lifted,” said Zabiullah Mujahid, spokesman for the Islamic Emirate.

In the meantime, economic analysts are of the view that the banking system in Afghanistan has had improvements in the past two decades.

“The banking system is an achievement of the past 20 years, yet we were unable to cover the greatest number of people under the banking system,” Seyar Qorishi economist.

“In two decades, we made Da Afghanistan bank the central bank of the country which means the Afghan people own a strong central bank that was supported by the World Bank,” said Sayed Masoud, economist.

Following the power gain of the Islamic Emirate in the 2021, the international community imposed restrictions on Afghanistan’s banks which caused serious problems in the economy and the daily lives of Afghans including the inability of Afghan traders to transfer money abroad.