Statement Attributable to the Spokesman of the Special Representative of the Secretary-General for Afghanistan

The Special Representative of the Secretary-General for Afghanistan welcomes wholeheartedly the announcement by President Hamid Karzai that the new Afghani currency is to be introduced throughout Afghanistan. He is confident that the Transitional Authority will successfully overcome the enormous logistical challenges likely tube faced in undertaking the currency exchange.

The introduction of a single new currency will bring to an end the use of the multiple Afghani currencies that are currently in circulation. This currency reform is going to help bring monetary stability to the country and is a necessary precondition for the establishment of an effective national banking system.

But the gains are much broader than this. The currency exchange is an investment in the future and security of Afghanistan. It represents another significant milestone in the transition process, initiated with the Bonn Agreements, and accelerated by the Emergency Loyal Jirga and the installation of the Transitional Authority. Such currency reform is a unifying factor for Afghanistan and will also contribute to social stability in the country. It will help to reinforce the institutions of government and will also help strengthen the confidence of Afghanis their young national administration. And for all external partners involved in humanitarian relief and reconstruction of the country, this step will significantly ease their financial transactions and therefore their ability to deliver assistance in an increasingly cost-effective manner.

The United Nations is pleased to be part of this process and will continue to assist to the best of its ability. The Special Representative of the Secretary-General applauds the courage and determination of the Transitional Administration in taking this bold initiative and urges Afghanistan’s friends to support it fully as it takes another important step on the road to national unity and stability.

Kabul, 5 September 2018