KABUL: The acting governor of the Afghan central bank met China’s Ambassador this week to discuss banking ties and business, the bank’s spokesman told Reuters on Friday.
Afghanistan’s banking system has been harshly troubled by sanctions, a decline in liquidity from frozen assets and a cut in development expenditure.
Taliban’s Central Bank Governor Meets Chinese Ambassador
Regulatory risk concerns of global banks have also largely cut off Afghanistan’s formal banking sector from international financial system.
Beijing does not have formal diplomatic relations with Kabul but has continued to maintain an embassy in Afghanistan since Afghan Taliban took over the country in 2021. China has recently signaled economic interest in the country and said that they are looking into investment opportunities in mining.
“In this interaction, banking relations, economy, and business related topics were discussed,” the bank’s spokesman Hassibullah Noori told Reuters, saying the meeting took place on Thursday in Kabul between acting Governor Mullah Hidayatullah Badri and Ambassador Wang Yu.
China’s ministry for foreign affairs did not issue any statement over the development.
