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Investors Ask Central Bank to Review Decision on Withdrawals

A group of investors at a gathering in Kandahar on Thursday asked the Central Bank to review its decision on monthly withdrawals and enable the business community to withdraw more money for smooth conduct of their businesses.

A recent decision by Afghanistan's Central Bank allows investors to withdraw only $25,000 for their businesses every month.

The investors said the decision will affect food and goods prices in the local markets.

“We ask the Islamic emirate to revise the decision. Some companies have up to one million dollars in their bank accounts so paying only 25,000 is not justice,” said Abdul Ahad, an investor.

The investors said that due to lack of cash, their goods have remained outside the country and hundreds of employees recently lost their jobs in various companies.

“The decision on withdrawing $25,000 per month will create challenges for us. We call the decision unjust. A company cannot operate by $25,000 a month. A company has a lot of expenses,” said Abdul Basir Paiman, member of medicine importers union in Kandahar.

Analysts said businessmen will transfer their businesses outside the country if the situation continues.

Investors Ask Central Bank to Review Decision on Withdrawals

Investors said the decision will affect food and goods prices in the local markets.

تصویر بندانگشتی

A group of investors at a gathering in Kandahar on Thursday asked the Central Bank to review its decision on monthly withdrawals and enable the business community to withdraw more money for smooth conduct of their businesses.

A recent decision by Afghanistan's Central Bank allows investors to withdraw only $25,000 for their businesses every month.

The investors said the decision will affect food and goods prices in the local markets.

“We ask the Islamic emirate to revise the decision. Some companies have up to one million dollars in their bank accounts so paying only 25,000 is not justice,” said Abdul Ahad, an investor.

The investors said that due to lack of cash, their goods have remained outside the country and hundreds of employees recently lost their jobs in various companies.

“The decision on withdrawing $25,000 per month will create challenges for us. We call the decision unjust. A company cannot operate by $25,000 a month. A company has a lot of expenses,” said Abdul Basir Paiman, member of medicine importers union in Kandahar.

Analysts said businessmen will transfer their businesses outside the country if the situation continues.

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