Tuesday , October 19 2021

Afghan central bank allows merchants to withdraw $25,000 monthly

afghanistan central bank
Image Source : AP

Taliban fighters patrol a market in Kabul’s Old City, Afghanistan

Afghanistan’s central bank, Da Afghanistan Bank (DAB), has allowed merchants and owners of private companies to withdraw $25,000 from their bank accounts once a month, a local TV channel reported. Following the latest decision and announcement of DAB, the Afghan entrepreneurs could receive $25,000 or its Afghani equivalent once in a month from their accounts from all banks across Afghanistan, Xinhua news agency quoted TOLO News as saying on Monday.

Reports of freezing Afghanistan’s bank assets by the US as well as a halt of funds by the World Bank and the International Monetary Fund (IMF) have recently fuelled concerns among Afghans.

On August 28, the DBA issued an order to all banks in the country, setting a temporary limit of withdrawals of $200 or 20,000 afghani for one customer every week.

Thousands of customers had waited in long lines to withdraw their savings since the Taliban’s takeover of the country in August.

Meantime, local businessmen and members of the Afghan Chamber of Commerce told TOLO News that the cash allowed to be withdrawn was insufficient and they could do less with the amount.

They said in order to run their business they need enough money to withdraw from government-run and private banks.

Also Read | 6,35,000 people displaced in Afghanistan this year: UN

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