Wednesday, January 25, 2023

Afghanistan’s Central Bank Lifts Limitations on Salary Withdrawal

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Najibullah Lalzoy
Najibullah Lalzoy
Najibullah Lalzoy is a journalist and editor at Khaama Press. He has a BA degree in journalism.

Afghanistan’s Central Bank-Da Afghanistan Bank- announced that limitations on salary withdrawal of government and private employees have been lifted.

On Wednesday, April 13, 2022, the spokesperson of DAB Sabir Momand in a video clip said that all government and private employees can withdraw their stipends without any limitations.

In Afghanistan, the limitation for money withdrawal was $200 or Afs 30,000 per week which is now lifted in terms of salaries.

“Da Afghanistan Bank decided to lift limitations on salaries of government and private employees for the sake of rebuilding the country’s banking and financial sectors. Hence, all private banks should pay the salaries of government and private employees based on the demand of employees.” Said Momand.

It comes days after the Deputy Prime Minister and head of the economic commission of the Islamic Emirate of Afghanistan Mullah Abdul Ghani Baradar asked for establishing a mechanism for reducing limitations.

Afghanistan’s banking sector has been one of the most affected sectors after the Taliban takeover that has impacted the country’s economy.

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