The Central Bank said that banking restrictions in the country have decreased over the past three years.
Haseebullah Noori, the spokesperson for the Central Bank, told TOLOnews that the reduction in these restrictions is the result of efforts and technical meetings between the Central Bank of Afghanistan and international banks and financial institutions.
He further stated that efforts to modernize the banking system in the country are ongoing. Speaking about the current withdrawal limits, the spokesperson said: “Individuals can withdraw up to 150,000 afghani weekly from afghani accounts and up to $2,000 from dollar accounts. Monthly withdrawals of up to 500,000 afghani and $6,000 are allowed from personal accounts.”
Noori highlighted efforts to modernize the banking system in the country, noting that an electronic card called "AfPay" has now been activated in both state-owned and private banks. Citizens can use the diverse services provided by this card.
Haseebullah Noori stated: “We have made significant progress in the field of electronic banking. The “AfPay” Electronic card is now active. Holders of this card can withdraw money from all commercial banks, pay taxes and electricity bills, transfer funds from one account to another, and check their account balances.”
Some economic experts, emphasizing the importance of modern banking globally, have called for collaboration with advanced countries to transform Afghanistan's traditional banking system into a modern one.
Abdul Ghaffar Nezami, an economic analyst, said: “It is necessary to invite countries that have advanced in this field and have successful experiences with global standards to help train and strengthen Afghanistan's banking system.”
Despite these advancements, banking restrictions and the continued freezing of Afghanistan’s foreign reserves remain serious challenges for the interim government.
Previously, China’s special representative to the United Nations Security Council emphasized the unfreezing of Afghanistan’s foreign reserves by the US, stating that global banking restrictions have impacted Afghanistan’s banking system and caused a liquidity crisis.
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