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

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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.

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Muttaqi discusses expanding economic ties with Kuwait’s Al-Sayer Group

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Amir Khan Muttaqi, Minister of Foreign Affairs of the Islamic Emirate, met with Mohammad Nasser Mohammad Al-Sayer, CEO of Kuwait’s Al-Sayer Group.

According to a statement from the Ministry of Foreign Affairs of the Islamic Emirate, the meeting focused on Afghanistan’s current situation, security, stability, as well as opportunities in trade and investment.

Muttaqi described relations between Kuwait and Afghanistan as historical and positive, expressing hope for further expansion of comprehensive ties between the two countries.

Nasser Al-Sayer, expressing his satisfaction with his visit to Afghanistan, said he wanted to establish trade relations with Afghanistan in the future.

He added that his company plans to export fresh and dried fruits from Afghanistan to Kuwait and other markets.

The two sides also emphasized expanding economic and trade relations, strengthening joint cooperation, facilitating travel, and making effective use of investment opportunities available in Afghanistan.

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Germany deports 30 Afghan refugees to Kabul

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The German government deported 30 Afghan nationals to Kabul on Tuesday on a charter flight from Leipzig Airport.

The German newspaper Bild reported that the migrants were transferred from Leipzig Airport to Kabul this morning.

This is the second group deportation of Afghan nationals since Berlin changed its policy regarding the return of Afghan asylum seekers.

Germany has expanded the deportation of Afghan nationals in recent months. In addition to people with criminal records, asylum seekers whose applications have been rejected are also now at risk of deportation.

Previously, 31 Afghan asylum seekers were transferred from Germany to Kabul on a charter flight.

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Indonesia reaffirms support for Afghanistan’s reintegration into global community

Qais Barakzai, Chargé d’Affaires of the Embassy of Afghanistan in Jakarta, welcomed Indonesia’s approach, saying Afghanistan appreciates the country’s constructive engagement.

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Indonesia says it will continue supporting Afghanistan’s reintegration into the international community through constructive engagement.

Anis Matta, Indonesia’s Deputy Foreign Minister and Chairman of the Gelora Party, said he received a visit from Shoaib Baryalai, First Political Director at the Ministry of Foreign Affairs, on Monday, August 24.

In a post on X, Matta said he was briefed directly on progress in efforts by the authorities in Afghanistan to fulfill international commitments and advance the country’s reintegration into the international community.

He said Indonesia would continue its constructive engagement to support the process, with the aim of helping improve, stabilize and promote prosperity for the Afghan people.

Qais Barakzai, Chargé d’Affaires of the Embassy of Afghanistan in Jakarta, welcomed Indonesia’s approach, saying Afghanistan appreciates the country’s constructive engagement.

Barakzai said Afghanistan reaffirms its commitment to meaningful engagement with the international community, as well as to peace, stability and cooperation in the region.

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