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Afghanistan: 1.2m salary-class people affected by banking curbs

KABUL, 18 September 2021, (TON): Economic affairs experts term curbs imposed on banking sector and freezing of Afghanistan assets as dangerous for the economic situation of Afghanistan and stress over the normalization of banking affairs.

Meanwhile, officials of the private organizations expressed concern over the curbs imposed on banks and said they were facing economic problems and were unable to pay salaries to their employees.

After the Taliban takeover of Kabul, banks, money exchange centres, markets and public offices were closed, sparking a public outrage that forced banks and money exchange offices to reopen but with limited access and restrictions.

Lately Da Afghanistan Bank (DAB) officially informed other banks not to issue more than $200 or 20,000 afs to consumers in a week.

The US administration has frozen nearly nine billion of Afghanistan’s foreign assets and stopped financial support to the country indefinitely.

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