New banknotes will enter market without disrupting, says Afghan central bank official

A member of the Afghan Central Bank's Supreme Council, Shah Mehrabi, said that the newly printed Afghani banknotes will enter the markets through proper methods that will not affect the value of the Afghan currency, TOLOnews reported on December 13. Mehrabi, who is also a member of the Trust Fund of US$3.5 million of Afghan […]

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A member of the Afghan Central Bank's Supreme Council, Shah Mehrabi, said that the newly printed Afghani banknotes will enter the markets through proper methods that will not affect the value of the Afghan currency, TOLOnews reported on December 13.

Mehrabi, who is also a member of the Trust Fund of US$3.5 million of Afghan assets based in Switzerland, reportedly said that the final batch of the Afghani printed banknotes printed by the Polish Security Printing Works (PWPW) will arrive in Kabul in January.

“The last batch of banknotes printed by PWPW will be delivered in January 2023.  The contractual obligation of Oberthur Fiduciaire is to deliver half of the printing Afghani banknotes in May 2023 and the reminder at the end of that year,” Mehrabi told TOLOnews.

Residents of Kabul reportedly expressed concerns over worn-out banknotes in the market.

TOLOnews notes that economists say that the newly printed banknotes can solve the cash liquidity problems in the market.

Earlier, Mehrabi said that two batches of banknotes printed by the PWPW had arrived in Afghanistan.

PWPW is a commercial company owned by Poland’s State Treasury and is one of the world’s leading producers of identity documents and banknotes. It reportedly produces banknotes at the request of the National Bank of Poland and central banks of other countries.  Banknotes are produced with the use of state-of-the-art printing machines and devices that employ steel-engraving technique, type-offset, screen printing, letterpress or flexography.

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