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

Afghanistan Central Bank
Image Source: AP

Taliban fighters patrol a market in the old city of Kabul, Afghanistan

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

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

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

Thousands of customers have waited in long lines to withdraw their savings since the Taliban took over the country in August.

Meanwhile, local businessmen and members of the Afghan Chamber of Commerce told Tolo News that allowing cash withdrawals was insufficient and they could make do with the amount.

He said that he needed enough money to withdraw from public and private banks to run his business.

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

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