KABUL: Residents of Kabul have voiced their concerns regarding the continued use of worn-out banknotes in daily transactions, despite the recent introduction of newly printed currency into the market. They have urged the Afghanistan Central Bank to expedite the process of collecting and replacing these worn-out banknotes.
Mohammad Shafi, a vendor, emphasized the ongoing challenges faced by both vendors and customers due to the persistence of worn-out Afghani banknotes in circulation. He stressed the need for urgent action, stating, “Although an Afghani note is worn-out, it is still being used. We are in trouble. When we give change to the customers, they complain that the money is worn-out.”
Shreen Agha, another vendor, echoed these concerns and emphasized the urgency of swiftly collecting worn-out banknotes from the market. She highlighted the inconvenience caused to the public and emphasized the need for a seamless transition to new banknotes to alleviate these challenges.
In response to these concerns, officials of the Islamic Emirate assured the public that the process of injecting newly printed banknotes into circulation is ongoing through both public and private banks. Zabihullah Mujahid, spokesperson of the Islamic Emirate, emphasized the careful approach taken to maintain the value of the Afghani and prevent monetary inflation.
Haseebullah Noori, a spokesperson for Da Afghanistan Bank, outlined the ongoing process of replacing worn-out banknotes, affirming that this initiative is actively taking place in all private banks and branches of the Central Bank of Afghanistan.
However, economists have stressed the need for transparent implementation of this currency replacement process to ensure its success. Sayed Masoud, an economist, emphasized the importance of extraordinary control and supervision to prevent any potential decrease in the value of the Afghani banknote.
