Da Afghanistan Bank’s Supreme Council Assessed Performances of the Bank in its Second Alternate Session

Kabul- 29 June- 2015 - Supreme Council as the highest decision-making body of Da Afghanistan Bank called a press conference following after the second day session of FY 1394 held on June 28 and 29 headed by Khan Afzal Hadawal, Acting Governor and the First Deputy of Da Afghanistan Bank.

While speaking on behalf of Supreme Council members at the press conference, H.E Khan Afzal Hadawal said that the Supreme Council reviewed and assessed the performances and achievements of Da Afghanistan Bank that took place in the past six months of the fiscal year in relation to implementation of monetary and currency policies, strengthening financial and payment systems, supervision and management of reserve currency and approved necessary programs and policies for the upcoming months.

H.E Hadawal added that the Supreme Council has ratified the six month plan of monetary policy that obligates the executive board and monetary policy committee to control the growth rate of reserve money as key operational target of monetary policy and the growth rate of money in circulation as indicative target each below 11 per cent over the forthcoming six months of the fiscal year and to collect at least US$ 150 million reserve currency if the current predictions on financial assistance inflow and the government development budget expenditures attained.

It is mentionable that Da Afghanistan Bank successfully maintained the national prices stability and curbed inflation rate during the past six months and served a significant role in ensuring economic sustainability. The bank has managed to keep the growth rate of reserve money below the target and successfully meet the reserve money collection target.

Point to be noted that PhD. Shah M. Mehrabi, Mr. M. Yaseen Osmani and PhD. M. Qasim Hashimzai, members of Supreme Council were also attending the conference.