Strategic Economic Talks: DAB and U.S. Trade Chamber Strengthen Ties
KABUL (BNA): In a significant step towards bolstering economic cooperation, Sediqullah Khalid, the Deputy Governor of Da Afghanistan Bank (DAB), engaged in a pivotal meeting with Jeffrey Greico, the President of the Afghanistan-US Chamber of Commerce. This meeting aimed to explore various avenues for enhancing Afghanistan’s private sector, stimulating trade, and expanding reciprocal banking relationships.
An Agenda for Growth
During the talks, Central Bank spokesman outlined the comprehensive agenda that included promoting private enterprise, growing trade, and fostering mutual banking relationships. Khalid’s focus was staunchly set on leveraging both banking and non-banking financial sectors to drive the national economy towards a more robust stance.
Core Financial Strategies
Highlighting key strategies, Khalid reaffirmed the Central Bank’s commitment to modernizing financial services and enhancing systems against money laundering and revenue crimes. Efforts continue unabated to keep inflation in check while innovating in money exchange mechanisms, ensuring a stable economic environment.
Banking Sector Highlights
The progress in reciprocal banking has been noteworthy, with a reported 71% increase in financial lending over the previous year. The most recent quarter indicated a 7.9 billion Afghani rise in bank deposits, signaling growing confidence and overcoming international money transfer barriers—a win for both local and international economic interests.
Praises and Prospects
Jeffrey Greico lauded these positive developments, emphasizing that upcoming conferences aim to deepen these banking ties. He announced a special summit scheduled for August where Da Afghanistan Bank is expected to deliver key insights and strategies, further solidifying these expanding economic relations.
Looking Ahead
The future holds a promising outlook for Afghanistan as it embarks on this strategic economic partnership with the United States. Through thoughtful dialogue and constructive collaboration, the foundations for a flourishing Afghan economy are being laid. As stated in باختر خبری آژانس, these efforts are paving the way for a significant transformation in the nation’s economic landscape.
