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Restrictions on foreign transfers lifted in Afghanistan

BC-Afganistan

Restrictions on foreign transfers lifted in Afghanistan

Kabul, Apr 20 (Prensa Latina) The Central Bank of Afghanistan informed on Wednesday that money transfers abroad are now possible, after all restrictions on domestic banks were lifted.
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Central Bank Spokesman Sabir Mohammad noted that all financial institutions were instructed to facilitate foreign exchange transactions for business people and investors without delay.

The move was welcomed by the business community as it comes after a long pause in money transfers and withdrawals from Afghan banks following the fall of the previous government in August last year.

Figures from the National Statistics and Information Authority show that the trade deficit in Afghanistan reached 80 percent, due to difficulties in business, especially with money transactions.

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