According to DAB, the issue of torn and mutilated banknotes has significant implications for the economy of the country.
“We are suffering major losses whenever we burn the damaged notes. The burning of banknotes itself is a burden and impacts the environment. Therefore, we are considering publishing plastic or hybrid banknotes,” said Wahidullah Nawsher, first deputy of the bank chairman.
“Old banknotes in circulation have not decreased but increased and this is surprising. We recommend that not only members of the parliament, but also the people must be aware how many banknotes are distributed and how many are burnt,” said MP Najia Babakarkhail.
Currently, it costs 3.5 Afs to print one banknote.
The DAB says, on average, the old banknotes cause harm to the national economy of over 11 billion Afs.
“I have seen the banks distribute old banknotes to the people and tell them that there will be no problem. But whenever the people conduct transactions with the banks, they experience a lot of problems,” said Hamidullah, a resident of Kabul.
Meanwhile, some lawmakers have said that the presence of mutilated banknotes in local bazaars is concerning.
“Our money exchangers who work in the bazaars are not doing this but outside the Sarai Shahzada market there some people are exchanging new banknotes with old notes with some difference in the price,” said money exchanger and member of the Forex Dealers’ Union.
The presence of contaminated and mutilated banknotes has also led to corruption.