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increase was also made in the gold and silver backing for the paper money in that year, and this amounted to 60.2 per cent.
Interest
There are two forms of interest rate in Da Afghanistan Bank, the Commercial Interest rate and the Government Interest rate.
(i) Commercial Interest rate:
(a) Commercial loan 8 per cent.
(b) Joint Stock loan 8 per cent.
(ii) Government rate:
(a) Government Loans 4 per cent.
(b) Municipalities 4 per cent.
(c) Government undertakings 4 per cent.
Discounts
(i) Discounts on the documents of industrial organisations 7½ per cent.
(ii) Repeated discount 7 per cent.
(iii) Cultural discount 5 per cent.
Foreign Exchange
The Foreign Exchange rate is divided into two sections, namely, the differing rates for the Government's ordinary and developmental budgets on the one hand and for industrial undertakings on the other.
(i) Ordinary and developmental Budget rate:
Currency Purchase Sale Afghanis
(a) 1 U.S. dollar 20 20.25
(b) 1 Swiss franc 4.662 4.720
(c) 1 French .. .048 .0413
(d) 1 German mark 4.7618 4.8214
(e) 1 Indian and Pakistani rupee 4.2 4.2525
(f) 1 English £ 56 56.7
(ii) Industrial and Governmental Undertakings rate:
Currency Purchase Sale Afghanis
(a) 1 U.S. dollar 28 28.35
(b) 1 Swiss franc 6.52 6.6084
(c) 1 French .. .0517 .0578
(d) 1 German mark 6.6667 6.75
(e) 1 Indian and Pakistani rupee 5.88 5.9535
(f) 1 English £ 78.4 79.38
OUTSIDE ASSISTANCE FOR AFGHANISTAN
Received in the Year 1337
A. U.N.O.
The United Nations and its specialised agencies placed the sum of $700,603 at the disposal of the various government departments. Of this, $57,470 were spent in the purchase of equipment and the rest was used for the employment of 74 specialists and the school fees of 11 students.
The breakdown of the specialists' subjects was as follows:—
9 specialists connected with U.N.T.A.B.
1 specialist connected with International Communications Union.
2 specialists connected with World Meteorological Organisation.
4 specialists connected with I.L.O.
21 specialists connected with F.A.O.
8 specialists connected with U.N.E.S.C.O.
11 specialists connected with I.C.A.O.
18 specialists connected with W.H.O.
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