4 pc increase in citizens’ deposits in Islamic banking sector

11th Global Islamic Microfinance Forum Successfully concluded

The press office of the Central Bank of Afghanistan published a statement saying that the meeting of the Supreme Council of the Central Bank was held under the chairmanship of Mullah Hidayatullah Badri, the general supervisor of the bank.

The central bank says that in this meeting, the effective implementation of monetary policies, the state of the banking sector, efforts to develop Islamic banking, the mechanization of exchange activities and people’s access to financial services were discussed.

The General Supervisor of the Central Bank said in this meeting that people’s deposits in the Islamic banking sector have increased by four percent compared to the past.

Mr. Badri added that during the past year, the Afghani currency has kept its value against the US dollar stable compared to the currencies of many countries in the region and the world, and its value is improving.—AVA

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