MONITORING (SW) – Traders and investors believe the existing restrictions on financial transactions imposed by the Islamic Emirate are harming their businesses.
A number of businessmen are complaining about the continuation of banking restrictions. They say the imposition of banking restrictions has hampered the process of transferring money abroad.
According to them, although restrictions on withdrawing money from personal accounts have been lifted, restrictions on withdrawing from commercial accounts still remain.
Abdul Jalil Ahadi, a businessman, told Salam Watandar that both the political system and the freezing of Afghanistan’s state assets, as well as the complicated banking system have created many challenges for traders.
He added that the process of transferring money abroad and receiving it is done through havala system, while this process costs them dearly. Traders added that restrictions on the banking system have hurt commercial transactions. “When we deposit money through donors and bank accounts, we can’t get our money right at the right time,” Najla Noor, a business woman, told Salam Watandar.
Meanwhile, Teymour Shah Sadat, an economics expert, says the freezing of Afghanistan’s state assets and the restrictions imposed have weakened the country’s banking system and made it fragile.
We wanted to have the central bank, Da Afghanistan Bank’s views on the problems of businessmen, but Saber Momand, the DAB spokesman, did not provide any information, despite promising to do so.
ENDS
