September 20, 2021
1 min read

DFB allows private firms to withdraw $25,000 a month

A statement from DAB received by Pajhwok Afghan News said that all private companies were permitted to withdraw the amount of cash from today onwards…reports Asian Lite News

Amid worsening economic conditions post-Taliban takeover, the Da Afghanistan Bank (DAB) on Sunday said that all private companies would be allowed to withdraw USD 25,000 from their bank account once a month.

A statement from DAB received by Pajhwok Afghan News said that all private companies were permitted to withdraw the amount of cash from today onwards.

The statement said that foreign currency representatives could give USD 25,000 or its Afghanis equivalent to private companies once in four weeks.

This comes as the Taliban took control of the strife-torn country about a month ago and banking services were shut.

A few days after the collapse of Kabul, banks allowed withdrawal of only USD 200 or 20,000 Afghanis from accounts once a week.

Closure or limited activities of banks have created huge problems for people and traders.

According to a report by Pajhwok, the salaries of 1.2 million workers of private companies are yet to be paid due to restrictions on banks.

According to residents, they are facing financial problems as government offices have mostly remained closed and their wages have not been paid, Tolo News reported.

Soon after the Taliban’s siege of Kabul on August 15, foreign assistance was immediately frozen. Besides this, the US stopped USD 9.4 billion in reserves to the country’s central bank, The New York Post reported.

Moreover, the International Monetary Fund and World Bank have also stoped loans, and the Financial Action Task Force warned its 39 member nations to block Taliban assets.

Scores of people have been seen waiting in long lines to withdraw their savings since the Taliban’s takeover in August. Reports of freezing of Afghanistan’s bank assets by the US as well as the announced halt of funds by the international agencies have fueled concerns among Afghans. (ANI)

ALSO READ: Imran Khan slammed over rising inflation in Pakistan

Previous Story

Imran Khan slammed over rising inflation in Pakistan

Next Story

Punjab province fails to release pandemic funds

Latest from -Top News

India opens world’s highest rail bridge

Prime Minister Narendra Modi inaugurated the world’s highest railway bridge over the Chenab River in Jammu and Kashmir and flagged off the much-awaited Vande Bharat Express to Srinagar, marking a historic moment

Sisi, MBZ cement ties

UAE and Egypt bolster ties through high-level talks in Abu Dhabi and a landmark cardiac care initiative delivering lifesaving treatment to rural communities The United Arab Emirates and Egypt reaffirmed their strong

‘UAE leads global fight against plastic waste’

UAE accelerates its fight against plastic pollution with a bold single-use plastic ban and expanded environmental policies to safeguard natural ecosystems for future generations The United Arab Emirates continues to lead the

70,000 Gaza kids starve

WFP warned that any further escalation of conflict could paralyse relief operations altogether, deepening the plight of civilians—especially children, the elderly, and vulnerable groups As the humanitarian crisis in Gaza intensifies, the

Prayers on the Mount

The Day of Arafat, considered the pinnacle of the Hajj pilgrimage, witnessed a congregation of believers from around the world As the sun blazed overhead and temperatures climbed to a sweltering 41°C,
Go toTop

Don't Miss

Senior Iranian diplomat accuses US of fomenting Afghan instability

The Iranian official highlighted that the United States does not

Afghan families, children work in brick factories amid crisis

Families working at the factories said that in order to