Afghanistan — Historical Events Description

Afghanistan flag
Afghanistan
Event
Afghan National Bank Expands Provincial Branches
Category
Economic
Date
1957-06-23
Country
Afghanistan
Description

On 23 June 1957, the Afghan National Bank initiated an expansion program to establish new branches in several provinces. The plan aimed to provide financial services to regions previously dependent on informal lenders. Officials hoped the branches would encourage savings and small-business growth. The expansion strengthened the country’s financial network during the mid twentieth century. It also supported the government’s efforts to integrate rural economies into national development strategies.