Central Bank officials meet with UNAMA to promote banking sector

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Officials from Da Afghanistan Bank (Central Bank) met with representatives from the UN Assistance Mission in Afghanistan (UNAMA) and discussed the challenges ahead of the banking system in the country, a spokesman for the Central Bank said.

With the fall of the former government, the Afghan banking system faced severe restrictions and challenges at the national and international level.

“Economic growth, the normalization of the banking system and the coordination of humanitarian aid were discussed with representatives from the UN. There was an effective discussion and the two sides expressed a commitment to cooperation,” a spokesman for the Central Bank said.

Citizens complain of challenges in the banking system.

“We are waiting for hours and then only 200 to 300 people are being selected to withdraw their money, the rest remains for the next week,” said Najibullah Azizi, a resident of Kabul.

“The people cannot withdraw their money from the bank easily either, each week or month, they cannot withdraw their money at once,” said Sayed Ahmad Alizada, a resident of Kabul.

This comes as the Afghanistan Chamber of Industry and Mines (ACIM) said that traders are facing restrictions.

“We are facing two types of restrictions currently. There are international restrictions with which we cannot transact money abroad due to existing sanctions, and there are restrictions inside the country also to the extent that traders, industry owners cannot get loans for investment and construction,” said Sakhi Ahmad Paiman, deputy head of the ACIM.—Tolonews