Afghan Biographies

Hadawal, Khan Afzal

Name Hadawal, Khan Afzal
Ethnic backgr. Pashtun
Date of birth
Function/Grade Da Afghanistan Bank First Deputy Governor
History and Biodata

2. Previous Functions:
Advisor at National Security Council, Counter Narcotic Directorate (CND) (2002)
Head of licensing & regulation department in a reformation project of USAID/Bearingpoint at DAB ( sep 2002 to sep 2003)
DAB head of legislative & regulatory dept in (Oct 2003-2005)
Advisor to the Governor & General Counsel of DAB ( 2005-2009)
President & CEO of Bank-e Milli Afghan (20111218)
 Da Afghanistan Bank First Deputy Governor (20111200, 20151017)

3. Biodata:
hadawal_afzalKhan Afzal Hadawal holds his Master in Finance & Financial law, LL.B (Hons) & B.A from International Islamic University, Islamabad, Pakistan. Afzal Hadawal was appointed as a 1st deputy governor of Da Afghanistan Bank (Central bank) under the decree#6310 dated Dec 18, 2011. Hadawal played a key role in the establishment of Financial Intelligence Unit (FIU) in Afghanistan, and was leading the legal framework for the financial sector of Afghanistan, particularly the banking law, DAB law, Anti Money laundering law, combating financing terrorism law as well laws on secure transaction on immovable and movable property.

Hadawal estimated that up to $8 billion in cash leaves Afghanistan's airports every year, half of it from Kabul alone. "The $8 billion being taken out is double the total assets of the [central] bank," said Hadawal. It is also nearly double the size of last year's (2011)  national budget. (20120317)

According to Arman-e-Milli Daily, the First Deputy Chairperson of the Central Bank, Khan Afzal Hadawal, leaked the details of dollar sales to his brother who is a money trader in Kabul. It is said that in order to suppress the inflation rate of Afs in the country, the Central Bank sells millions of US dollars to money exchangers in the market on weekly basis. Hadawal’s brother rebuffed the claims.(20130806)


Last Modified 2015-10-17
Established 2012-01-03