No ban on holding of Pakistani currency in Afghanistan: Zakhilwal tells Dar

The Federal Minister for Finance Senator Mohammad Ishaq Dar had a telephonic conversation with Afghan Ambassador to Pakistan Dr Hazrat Omar Zakhilwal. Among other matters, they discussed the recent reports of ban on the holding of Pakistani Currency in Afghanistan. Mr Zakhilwal stated that the situation is not as reported and there is no ban on holding Pakistani currency in Afghanistan and that it is freely convertible.
Subsequent to the telephonic conversation, the Afghan ambassador issued a statement in which he stated:"For clarification, as per our Central Bank's Law, regular transactions in all foreign currencies, except our own currency - the Afghani, are not allowed; it is now more strictly enforced. However, no foreign currency without exception is disallowed to be freely convertible in our Money Exchange Markets anywhere in our country. This is essentially the same practice in every other country and certain media reports with a particular different portrayal are therefore misleading." The Finance Minister has appreciated the clarification and expressed hope that it will facilitate the business activity between the two countries.-PR