Afghanistan: Taliban is emphasizing the strength of the banking system, the crisis increased due to the cash withdrawal limit

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Afghanistan: Taliban is emphasizing the strength of the banking system, the crisis increased due to the cash withdrawal limit


Summary


  • In order to strengthen the economy and banking system in the Taliban, Deputy Prime Minister Abdul Salam Hanafi recently said in a meeting with central bank officials and bank associations regarding the economy that banking problems would be resolved under the relevant laws.


Abdul Salam Hanafi, deputy prime minister of the Taliban government - Photo: Twitter

Expansion

  • Afghanistan's economic situation has been worsening since the Taliban took over Kabul in August. The Taliban is concerned about this and is emphasizing strengthening the economy and banking system.

According to the Khama Press News Agency report, Abdul Salam Hanafi, the deputy prime minister of the Taliban government, recently said in a meeting with central bank officials and bank associations regarding the economy that banking problems would be resolved under the relevant laws.

Afghanistan's central bank has allowed institutional customers to withdraw up to $25,000 a week in cash. However, the cash withdrawal limit for individual account holders has been capped at $200 a week. Afghanistan is going through a period of an economic and humanitarian crisis due to unemployment, famine, and international economic sanctions due to the

Those who took the right decisions on the economic front were absent

Afghanistan is going through a period of an economic and humanitarian crisis due to unemployment, famine, and international economic sanctions. The prices of food, medicines, and essential commodities are increasing exponentially. The Taliban regime is not capable of coping with such a situation. Fearing that most of the top officials, including the head of the central bank, have already left the country, there is no competent authority in Afghanistan to meet the needs of taking firm decisions on the economic front.