Friday, December 03, 2021

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Central Bank of Afghanistan increases limit of withdrawals

Afganistán, banco, central extracción, dinero

Central Bank of Afghanistan increases limit of withdrawals

Kabul, Nov 3 (Prensa Latina) The Central Bank of Afghanistan on Wednesday eased restrictions on bank withdrawals and increased the maximum amount that can be withdrawn from dollar accounts to 400 and 30,000 afghani from accounts in national currency.
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This decision, which sets up a monthly withdrawal limit of 1,200 dollars or 100,000 afghani, was made amid increasing economic hardship that has put millions of people out of work, Ariana news agency reported on Wednesday.

The situation is so complex that even those with savings have had problems when it paying for food and household needs due to the strict withdrawal limits that were introduced to prevent a bank drain.

Afghanistan’s hard currency reserves were restricted after the seizure of power by the Taliban movement in August, which seriously limited the financial room for maneuver of the new administration.

Some 9.5 billion dollars in the reserves of the Central Bank remain blocked abroad, and the international support given to the previous government is gone.

This week, Afghan authorities banned the use of foreign currencies in transactions such as the purchase of a car or a house and argued that all contracts must be made with national currency.

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