Wednesday, May 29, 2024

Taliban restricts bank withdrawal to $200 per week

Immigration News

The central bank of Afghanistan-De Afghanistan Bank- in an official directive directed all private and international banks to limit bank withdrawal to their individual customers to $200 which equals AFS2000 per week.

The directive reads that the decision is made after financial difficulties arose in Afghanistan and will be temporary.

The decision comes hours after hundreds of people took to the streets of Kabul and protested against the closure of banks.

De Afghanistan Bank has also instructed all the private banks in Afghanistan to resume their operations based on the principles and laws of the central bank.

“The owners of all companies related and individual accounts are allowed to transfer money electronically.” Reads the directive.

It comes as there is no banking serviced available ever since the Taliban entered Kabul on August 15.

People have been facing severe problems, employers are not able to pay salaries and employees have run out of money which will cause a crisis if not resolved.

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