Today: 2 June 2025
20 September 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 Signals FTA with Oman

The talks for the free trade pact with Oman started in November 2023, and Goyal visited the Gulf country from January 27 to January 28….reports Asian Lite News Commerce and Industry Minister

Syria Strikes $7b Deal

The agreements, signed in the presence of Syrian leader Ahmed al-Sharaa, mark a total investment of 7 billion U.S. dollars…reports Asian Lite News – Syria signed a series of memoranda of understanding

More Killings in Palestine

Israeli occupation forces opened fire directly at hundreds of civilians as they attempted to reach an aid distribution centre in the al-Mawasi area of western Rafah At least 31 Palestinians were killed

Hamas Open to Fresh Talks

The movement said that it is ready to “immediately begin a round of indirect negotiations” to address the outstanding issues…reports Asian Lite News Hamas affirmed its readiness to begin indirect negotiations over

UAE aid for Gaza in global focus

Titled Hope Remains, the documentary brings to light the UAE’s leading role in providing vital aid and support to the people of Gaza. The International Humanitarian and Philanthropic Council has released a
Go toTop

Don't Miss

Panjshir resistance, Taliban agree on temporary peace

The representatives met for three hours and then returned to

Afghan Refugees Face Expulsion from Pakistan

Pakistan’s caretaker Interior Minister Sarfraz Bugti said that Pakistan was