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Home / World / Afghan bank eases withdrawal curbs, lifts the maximum to $400

Afghan bank eases withdrawal curbs, lifts the maximum to $400

The change came amid growing economic hardship that has left millions in Afghanistan without work and facing hunger
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Reuters   |   Kabul   |   Published 04.11.21, 12:29 AM

Afghanistan’s central bank has eased restrictions on bank withdrawals, lifting the maximum to $400 from dollar-denominated accounts or 30,000 afghanis a week from the previous limit of $200 or 20,000 afghanis, the central bank said on Wednesday.

 The change, which sets a monthly limit on withdrawals of $1,200 or 100,000 afghani, came amid growing economic hardship that has left millions in Afghanistan without work and facing hunger.

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 Even those with savings have struggled to pay for food and household necessities because of the strict limits on withdrawals that were brought in to prevent a run on banks.

 Afghanistan’s foreign exchange reserves have been restricted following the victory of the Taliban over the western-backed government in August. Some $9.5 billion in central bank reserves remain blocked outside the country and international support has dried up. This week, the Taliban government banned the use of foreign currencies for transactions. 



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