Afghan central bank, AACC discuss expanding banking, trade and investment ties

Sediqullah Khalid, First Deputy Governor of Da Afghanistan Bank, met on Tuesday with Jeff Grieco, President and CEO of the Afghan-American Chamber of Commerce (AACC), to discuss expanding banking relations among Afghanistan’s commercial banks, strengthening trade, increasing investment opportunities, and enhancing stability in the banking sector.

According to a statement issued by Da Afghanistan Bank, Khalid said that alongside establishing a stable and robust banking system, the central bank remains committed to supporting the private sector and promoting trade, while working to expand constructive cooperation and relations with domestic and international institutions.

He added: “We believe that strengthening the banking sector and fostering private sector growth are among the key foundations of the country’s economic development and sustainable prosperity.”

Meanwhile, Grieco emphasized the importance of expanding joint cooperation to strengthen banking and trade relations, promote economic growth, facilitate business activities, and support the private sector.

The two also discussed a number of issues, including addressing traders’ banking challenges, electronic banking, international money transfers, improving financial services, and strengthening Afghanistan’s economic activities, according to the statement.