Afghanistan - Banking and securities

The government central bank, the Bank of Afghanistan, was founded in 1939. In 1999, the UN Security Council passed a resolution placing the Bank of Afghanistan on a consolidated list of persons and entities whose funds and financial resources should be frozen, due to the fact that the bank was controlled by the Taliban regime. The Interim Administration of Afghanistan requested in January 2002 that the bank be removed from the consolidated list, and the Security Council agreed.

All banks in Afghanistan were nationalized in 1975. In the early 1980s there were seven banks in the country, including the Agricultural Development Bank, the Export Promotion Bank, the Industrial Development Bank, and the Mortgage and Construction Bank.

There is no organized domestic securities market.

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