KABUL, 06 November 2021, (TON): A number of Kabul residents said “they no longer want to keep their money in the country’s banks. They said they will take out all of their previously deposited funds.”

Noorullah, a resident of Kabul said “since the fall of the former government, Afghans have faced challenges in withdrawing their money from the banks and said they no longer want to deposit funds.” “We used to save our money in the banks, but currently they are not paying us on time. The banks have lost trust among the people, we no longer want to save our money in the banks.”

Meanwhile, a number of economists said that if the banking system continues at this rate, the banks will not be able to provide services, and this will have a negative impact on the country’s economy.

Wahab Qati, an economic analyst said “if everyone transfers its money to other countries, what is left? The bank is an economic structure–when we deposit our money in the banks then that is used for investments.”

Officials of Afghanistan’s central bank recently said in a statement that private and public banks must increase the withdrawal limit of the customers’ money to $400 per week. But some residents said that this amount is still not enough.