Connect with us

Latest News

Afghanistan central bank raises limit on bank withdrawals to $400 a week

Published

on

(Last Updated On: November 3, 2021)

Afghanistan’s central bank has eased restrictions on bank withdrawals, lifting the maximum to $400 from dollar-denominated accounts or 30,000 Afghanis a week from the previous limit of $200 or 20,000 Afghanis, the central bank said on Wednesday.

The change, which sets a monthly limit on withdrawals of $1,200 or 100,000 Afghani, came amid growing economic hardship that has left millions in Afghanistan without work and facing hunger.

Even those with savings have struggled to pay for food and household necessities because of the strict limits on withdrawals that were brought in to prevent a run on banks.

Afghanistan’s foreign exchange reserves have been restricted following the Islamic Emirate of Afghanistan (IEA) take over in August, severely limiting the new administration’s room for financial manoeuvre.

Some $9.5 billion in central bank reserves remain blocked outside the country and international support given to the previous government has dried up.

This week, the IEA banned the use of foreign currencies for transactions like buying a car or a house, saying all contracts must be denominated in the Afghani currency.

Latest News

IEA urges World Bank to resume work on 7,000 incomplete projects

Published

on

(Last Updated On: April 19, 2024)

Officials at the Ministry of Rural Rehabilitation and Development (MRRD) say 7,000 incomplete projects of the World Bank are at risk of destruction in Afghanistan. They call on the World Bank to resume the work of these projects.

According to them, discussions have been held with the World Bank about these projects, but there has been no result yet.

“7,000 incomplete projects are being destroyed, and if the work is not started, these projects will be destroyed. We ask the World Bank to resume the work of these projects as soon as possible,” said Noorul Hadi Adel, the spokesperson of MRRD.

Meanwhile, members of the private sector also ask international institutions to resume their work in Afghanistan.

According to the officials of this sector, with the start of these projects, job opportunities will be provided for thousands of people in the country.

“These projects create employment for our people and the country will grow a lot,” said Mirwais Hajizadeh, a member of the private sector.

However, economic experts stated if the work of these projects does not start soon, they will be destroyed and the investments made in them will be wasted.

Continue Reading

Latest News

Ten people killed by floods in Helmand

Published

on

(Last Updated On: April 19, 2024)

Ten people have been killed and six others injured by floods in Helmand province in the past week, local officials said on Friday.

According to officials, seven of those were members of the same family, and they were killed in Kajaki district last night.

“Most of the people moved from vulnerable areas to high lands and mountains, and thanks Allah the number of casualties is low,” Sher Mohammad Vahdat, the head of information of the Directorate of Information and Culture in Helmand, said adding rescue teams and security forces have been dispatched to help people.

It is said that the telecommunication system has also been disrupted due to the effect of floods in Kajaki district. Floods have also destroyed thousands of acres of agricultural land.

Continue Reading

Latest News

UN envoy meets Indian foreign minister to discuss Afghanistan

Published

on

(Last Updated On: April 19, 2024)

Roza Otunbayeva, the UN Secretary General’s Special Representative for Afghanistan, met with the Indian Foreign Minister Subrahmanyam Jaishankar in New Delhi and discussed issues related to Afghanistan, it was announced on Thursday.

During the meeting, Otunbayeva thanked India for “its critical humanitarian support and longstanding friendship for the Afghan people” and discussed the importance of regional and international cooperation to address prevailing challenges in Afghanistan, UNAMA said on X.

Jaishankar also said on X that the sides exchanged views on the current situation in Afghanistan.

“Underlined that India has provided wheat, medicines, pesticides and school supplies. Appreciate the role of UN agencies as partners in these endeavors,” he said.

Continue Reading

Trending

Copyright © 2022 Ariana News. All rights reserved!