Central Bank Collects 1.5 Billion Afghanis in Worn-Out Notes

Central Bank collects 1.5 billion Afghanis in worn-out notes

KABUL (TOLONews): Despite the growing challenge that worn-out banknotes pose to daily financial transactions, the Central Bank of Afghanistan has announced continued efforts to collect and destroy these damaged notes. According to the Central Bank, from the beginning of 1404 (Solar Hijri year) until now, more than 1.5 billion Afghanis worth of worn-out banknotes have been collected and burned from the northern and western zones of the country. H…

Afghanistan Collects and Burns 1.5 Billion Afghanis of Damaged Banknotes

The Central Bank of Afghanistan says it has collected and destroyed over 1.5 billion Afghanis worth of worn-out banknotes from the northern and western regions this year (1404 Solar Hijri). Spokesperson Hasibullah Noori said the notes were officially removed from circulation following a set procedure. Since Afghanistan’s economy is still heavily cash-based, many banknotes become too damaged to use. Citizens ...