After Kabulbank Resigned Afghnistan Goverment Run Central Bank

Kabul Bank

Long queues were seen outside several Kabulbank branches in the Afghanistan capital, with customers rushing to withdraw their funds a day after central bank governor Abdul Qadir Fitrat said Kabulbank's chairman and chief executive officer had quit.

"We have assurances to people that their deposits are not lost, will not be lost," Afghanistan's Finance Minister Omar Zakhilwal told a news conference.

"We are requesting people not to rush. We know the money is there, they must not panic. We are sure, a hundred percent, that the bank is safe," he said.

In Washington, a U.S. official said the Treasury Department had sent a team to Kabul and that it supported the Afghan Central Bank's action in response to reports of fraud at Kabulbank. But the official said the United States was not taking any steps to recapitalize Kabulbank.

"Corrective action in response to any instance of abuse or fraud is essential for the maintenance and growth of public trust in Afghan financial institutions and the development of Afghanistan's financial sector," the U.S. official said.

Corruption is one of the most common complaints from ordinary Afghans and Washington fears widespread graft is boosting the Taliban-led insurgency and complicating efforts to strengthen central government control so U.S. and other foreign troops can begin withdrawing.

Kabulbank Chairman Sher Khan Farnood and Chief Executive Khalilullah Fruzi stepped down this week because of new banking rules forbidding shareholders from holding senior management positions at a bank, Zakhilwal said.

Comments

Kate Moss Named Best Dressed Woman In The Early U.S. Vogue

What Kate Moss wears, the world is usually, and 36, the state of the supermodel shows no sign of little futuristic as Vogue has named the most elegant woman of the decade. The Croydon-born model who graced over 300 magazine covers since she started at the age of 14, never set foot is a stylish left. With a love for high-end vintage pieces and clip design, any team without effort to bring his unique brand of glam rock chick. U.S. Vogue style director, Alexandra Kotur, said: "Nobody has had more influence in the last ten years on how women dress from Kate Moss." A series of highly successful cooperation to his credit, including lines of clothing for high street giant Topshop, design, execution of a collection of Longchamp handbags, perfumes, and six of his name, everyone wants to buy a slice of Moss.

Emma Watson Works His Dark Magic In New York To Harry Potter Premiere

Another day, another first, and if you are Emma Watson: another dress. She has continued her 20-year "tour of sophistication," and that attended the premiere in New York for the penultimate installment of Harry Potter wear Calvin Klein. Marking a sharp contrast with the frou-frou, the creation of black lace by Rafael Lopez as she wore the first week in London, Watson chose the splendor of a minimalist position, black satin dress designed by Francisco Costa, creative director for womenswear at Calvin Klein. Composed of a halter neck and a launcher, open back, dress marks a choice revealing red carpet for the young actress. Watson, who plays Hermione Granger in the film franchise to the phenomenal success, wearing a gold complex clip in her hair, gold, flower-shaped studs and a gold bracelet unusual, which wound its way up forearm. Discreet, strappy sandals in black and copper by Calvin Klein closed its elegant look. In promotional tour for Harry Potter and the Deathly Ha...

Sehwag And Tendulkar Climb Rankings In ICC ODI

Virender Sehwag and Sachin Tendulkar won one seat each, while India captain Mahendra Singh Dhoni remained stable in fourth place in the ranking of players for the ICC ODI batsmen, led by South Africa opens Hashim Amla. Sehwag Despite the improvement from eighth to seventh, just behind opened running Tendulkar of India. Among the Indian players, Harbhajan Singh has won four places to 15 th place, while Praveen Kumar moved to a higher level classification 11. Amla `s exploits in the ODI series against Pakistan ended only helped open South Africa increased in the first place. Amla, who topped the run in the series against Pakistan with 291 runs including one century and two centuries and a half, scored 40 points to leap ahead of his teammate AB de Villiers. In the ranking of ODI bowlers New Zealand captain Daniel Vettori continues to lead the South African Morne Morkel stimulator offers 13 places to be in the 12 th position, his best career result to date classification. Morkel bags...

NNewsWorld

Search This Blog